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Russian stocks move to negative territory after growth following key rate decision

The Bank of Russia decided to lower its key rate by 0.5 percentage points to 16.5% per annum

MOSCOW, October 24. /TASS/. The MOEX and RTS indices moved to the negative territory after rising by 1.4% during the main trading session following the Central Bank’s decision to lower the key rate to 16.5% per annum, according to trading data.

As of 1:30 p.m. Moscow time (10:30 a.m. GMT), the MOEX Index following the announcement of the Central Bank’s decision was up by 1.41% at 2,606.81 points, while the RTS Index was up by 1.41% at 1,010.48 points. By 1:41 p.m. Moscow time (10:41 a.m. GMT), the indices had moved to the negative territory as they were down by 0.83% at 2,549.45 and 988.24 points, respectively.

Later, the MOEX Index extended losses to 1.18% as it traded at 2,540.34 points, while the RTS Index was down by 1.18% at 984.71 points, according to trading data as of 1:49 p.m. Moscow time (10:49 a.m. GMT).

The Bank of Russia has decided to lower its key rate by 0.5 percentage points to 16.5% per annum. The regulator indicated that it will maintain monetary conditions as tight as necessary to return inflation to its target.

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The first round of consultations on the text of the agreements was held a month ago, noted Russian President

The Wire actor dies at 36

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Longest night of year coming to Northern Hemisphere — Planetarium

It will last for seventeen hours

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Anna Paulina Luna stressed that she "never voted for a single dollar to go to Ukraine"

Russia interested in intensifying development of ties with EAEU nations — Putin

Putin is sure that all the colleagues share this attitude

Accused policeman wounded by blast in Ingushetia

A homemade bomb exploded in the yard of his house in Ingushetia

Kiev’s attempting to disrupt peace talks with drone attacks on ships in Black Sea — MFA

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Lukashenko invites Tajikistan to privatise Baranovichi-based cotton plant

"Belarus is interested in this cooperation, which has no political pre-conditions," said Belarusian President

Putin to have no quiet schedule in January — Kremlin

The Russian leader works on holidays every year, however, not all of Putin's meetings during this period are public, noted Dmitry Peskov

US National Intelligence confident Russia not planning to control entire Ukraine

US Director of National Intelligence Tulsi Gabbard called such information about Russia's plans "a lie and propaganda"

UK Chancellor of the Exchequer barred from her local pub due to tax hikes — newspaper

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The Russian leader emphasized that the European Union is trying to do it overtly

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Elvira Nabiullina said that it is difficult for her to comment on specific arguments prevailing among EU member-countries that did not approve the confiscation of Russian assets

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Blast that killed teenager in Moscow Region caused by mishandling of explosive object

An investigation is underway

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According to the SVR, the supplies will be financed by Germany, France, Denmark, Norway, and the UK

Russia's Gazprom increases gas supply to Donbas on request of Ukraine's Naftogaz — Gazprom

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USC Director General noted that, to achieve these ambitious goals, the corporation would continue its consistent work on modernizing and technologically developing the corporation’s enterprises

Russia-Africa ministerial meeting joint statement adopted unanimously — Lavrov

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Russia has understanding regarding direction of movement for NIS company matters

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US, Ukraine discuss sequence of next steps during consultations — Witkoff

According to the Special Representative of the US president, the parties, in particular, held "a separate constructive meeting"

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Russian ambassador to NATO dismissed the alliance's accusations of Russia inventing a new kind of military operation and applying it in Ukraine

Russian citizen wins Just Dance competition at Games of Future

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Alexander Stepanov noted that established industrial production would make it possible to make tens and even hundreds of items per year to provide strategic coverage for all critical areas and facilities in the Russian border regions

Russia says fakes about contacts with S. Korea aim to sow distrust between it, North Korea

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More than 553,000 Russians notify authorities of double citizenship or residence permit

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