Russian economy

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Forbes names Russia's richest businesman

Forbes names Russia's richest businesman

Forbes magazine has compiled the rating of 200 richest Russian entrepreneurs, topping the list is head and beneficiary of Norilsk Nickel Vladimir Potanin with a fortune of $19.7 billion (up from the 6th place with $18.1 billion). …

S&P affirms Russia’s rating at BBB-

S&P affirms Russia’s rating at BBB-

International rating agency S&P Global Ratings has affirmed Russia’s rating at the investment level of BBB- with a Stable outlook, the agency said. The agency noted that the credit rating on liabilities in the local currency …

Russian economy resilient to oil market shocks – Moody’s

Russian economy resilient to oil market shocks – Moody’s

Russia is less vulnerable to external shocks linked to turbulence in energy markets than many other oil-exporting nations, according to rating agency Moody's, RT reports. The dramatic plunge in oil prices could cut fiscal revenue …

Putin: Russians making 18 000 rubles belong to middle class

Putin: Russians making 18 000 rubles belong to middle class

According to the World Bank’s method of estimating the middle class, more than 70% of Russia’s citizens belong to the middle class, Russian President Vladimir Putin said, noting that the task of the government is to …

Russia prepares plan to help economy amid coronavirus

Russia prepares plan to help economy amid coronavirus

Russia's government may announce new economic measures this week to help offset the dual impact of low oil prices and the coronavirus, the daily Vedomosti reported citing two federal officials. It is reported that Moscow is …

Putin assesses public sector’s share in Russian economy

Putin assesses public sector’s share in Russian economy

The current share of the public sector in the Russian economy is quite reasonable at the moment, Russian President Vladimir Putin believes. The head of state recalled that less than half of Russia’s 20 largest …

Mishustin: Russia did not initiate OPEC+ deal exit

Mishustin: Russia did not initiate OPEC+ deal exit

Russia proposed to extend the OPEC+ agreement for a year, it was other countries that initiated leaving the deal, Russian Prime Minister Mikhail Mishustin said opening a government meeting. "We did not initiate the withdrawal from …

Russia capital investment increases

Russia capital investment increases

Russia’s capital investment in 2019 increased 1.7% in year-on-year terms to 19.3 trillion rubles ($294.1 billion), the Federal Statistics Service said today. According to the statistics service Rosstat, in the fourth quarter …

Putin on link between Russians' incomes and oil

Putin on link between Russians' incomes and oil

Russia is trying to shield its economy from turbulence in global energy markets, but cutting the country's reliance on oil cannot happen at once, Russian President Vladimir Putin said. "We are gradually weaning …