Russian President Vladimir Putin has stated that the country is coping with pressure from the West, having promptly implemented protective measures in the economy. According to him, the West’s Blitzkrieg tactics with …
Russia’s consumer inflation will continue slowing in annual terms in coming months but a recovery in consumer demand amid higher lending activity and budget spending will increase inflationary pressure, central bank analysts said on …
Participants in the Eastern Economic Forum (EEF) signed investment agreements totaling more than 3.255 trillion rubles ($52.5 bln) in conclusion of the Forum, Russia’s Deputy Prime Minister Yury Trutnev said at the press conference. …
Russia’s international reserves dropped by $7.2 bln or by 1.3% over the week and amounted to $566.8 bln as of August 26, 2022, the Central Bank said on Thursday. "The amount of international reserves as of …
Russia's GDP in January-June 2022, according to preliminary estimates, decreased by 0.4% in annual terms, according to the Russian State Statistics Service (Rosstat). According to the latest estimate of Rosstat, in the Q2 of 2022, …
Inflation in Russia on August 23-29 slowed to 14.31% in annual terms against 14.6% a week earlier, according to the Ministry of Economic Development. "For the week from August 23 to August 29, deflation was 0.16% after 0.15% for …
The Russian Economic Development Ministry unveiled on Tuesday the scenarios for the development of the Russian economy until 2030. "The Russian Economic Development Ministry, together with industry departments under the leadership …
The shift to payments in national currencies is in full swing, having reached 75% by now, Russian Prime Minister Mikhail Mishustin said at an expanded meeting of the Eurasian Intergovernmental Council on Friday. …
Russia’s international reserves dropped by $6.6 bln or by 1.1% over the week and amounted to $574 bln as of August 19, 2022, the Russian Central Bank said. "The amount of international reserves as of August 19 totaled $574 …
Russia’s international reserves totaled $580.6 bln as of August 12, 2022, up by 1.01% (or $5.8 bln) in one week, the Central Bank reported on Thursday. "International reserves amounted to $580.6 bln as of August 12, up by …
EU member states are becoming increasingly uneasy about Turkey’s booming commerce with Russia and the potential for it to help Moscow as an alternative choice to different European imports and exports, two EU officers advised …
Annual inflation in Russia slowed down to 14.87% from August 9 to 15 from 15.01% a week earlier, the Ministry of Economic Development says in its price review. "The price drop continued over the week from August 9 to 15, 2022 and …
Russia’s international reserves totaled $574.8 bln as of August 5, 2022, up by 0.6% (or $3.6 bln) in one week, the Russian Central Bank reported on Thursday. "International reserves amounted to $574.8 bln as of August 5, up …
Turkish President Recep Tayyip Erdogan, in an interview with reporters, spoke about the talks with Russian leader Vladimir Putin, which took place in Sochi. He noted that the parties reached an agreement on the start of the transition …
Annual inflation in Russia geared down to 15.3% from July 16 to 22, compared to 15.39% a week earlier, the Ministry of Economic Development says in its price review. "The price drop continued over the week from July 16 to 22, 2022 …
Real disposable incomes in Russia fell 0.8% in the second quarter of 2022, preliminary data showed. Industrial output fell 1.8% year-on-year in June, a sharper drop than in May, and retail sales continued their slump, down 9.6% when …
Russia's Sberbank has cut interest rates on loans for small businesses, the bank’s press service reported. The lowest rate is 12.4% per annum can be obtained if a company takes a loan to purchase real estate for commercial …
The International Monetary Fund (IMF) has improved its outlook for the dynamics of Russia's economy in 2022 to a fall of 6% in GDP rather than the drop of 8.5% that the IMF had forecast in April, according to the World Economic Outlook …
The board of directors of the Russian Central Bank has decided to cut the key rate by 150 basis points to 8% per annum, thereby substantially exceeding market expectations. "Current consumer price growth rates remain low, …
The Russian economy is now showing signs of stabilisation, the central bank's head of monetary policy said on Tuesday, after taking a hit from unprecedented Western sanctions imposed against Moscow. However, Kirill Tremasov, who …
