Alexei Ulyukayev

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Moody's: Russia's GDP to further fall in 2016

Moody's: Russia's GDP to further fall in 2016

Moody's Investors Service changed its outlook on next year Russia's GDP. The foreign analysts do not expect that the Russian economy will show any growth. However, the report titled "Downward Revisions to 2016 Global Economic …

Russia's GDP drops 3.6% in a year

Russia's GDP drops 3.6% in a year

In the first seven months of this year Russia's GDP decreased by 3.6% compared with the same period in 2014, the Ministry of Economic Development reported. "According to the Russian Ministry of Economic Development, since the …

Ulyukayev: Russian economy reaches bottom

Ulyukayev: Russian economy reaches bottom

The Minister of Economic Development of Russia, Alexei Ulyukayev, believes that the Russian economy has reached the "bottom" and in the fourth quarter it will show better results than in the third. At the moment, the …

Ulyukayev: oil price may drop below 40 dollars

Ulyukayev: oil price may drop below 40 dollars

Minister of Economic Development of Russia Alexei Ulyukayev admits the possibility of a drop in oil prices below 40 dollars per barrel, but for a very "short time." At the same time, responding to a …

What far can the ruble fall?

What far can the ruble fall?

Today a euro reached 73 rubles for the first time in six months at the Moscow Stock Exchange. The ruble has increased its fall due to the negative dynamics of oil prices and fears of an autumn growth ...

Ulyukayev: we could revise 2015 economic outlook

Ulyukayev: we could revise 2015 economic outlook

The Russian Ministry of Economic Development could revise its 2015 economic outlook after the gross domestic product grew by 4.6%. Russian Economy Minister Alexei Ulyukayev noted that he expects that the GDP will decline in the …

Ulyukayev says crisis in Greece could cause low oil prices

Ulyukayev says crisis in Greece could cause low oil prices

The crisis in Greece could have an indirect impact on Russia’s economy, Russian Economy Minister Alexei Ulyukayev said. "This won’t have any direct impact because the trade volume and investments [between our countries]

Ulyukayev: Central Bank has possibility to reduce key rate

Ulyukayev: Central Bank has possibility to reduce key rate

Russian Economy Minister Alexei Ulyukayev said he saw potential for the Russian Central Bank to cut its key rate further at the next monetary policy meeting in July. The key rate was reduced from 12.5% to 11.5% at the previous …