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Russia has a nominal gross domestic product (GDP) of $1.64 trillion and purchasing power parity (PPP), or Russian GDP, of $4.21 trillion, according to a November report by Investopedia. As Fox Business wirtes in an …
The changing situation in the Russian economy makes it possible and even necessary to amend the constitution, President Vladimir Putin said at a meeting with the working group on amendments to the Russian constitution Thursday, TASS reports. …
Russia will finish construction of the Nord Stream-2 natural gas pipeline in spite of the U.S. sanctions, Russia's Deputy Foreign Minister Alexander Pankin said. "We are sure that construction of the Nord …
The board of directors of Russia's Central Bank has cut its key rate today by 25 bp to 6.00% per annum amid slowing inflation. Commenting on the decision, the regulator's press service said that inflation slowdown is continuing, …
German agency Scope Ratings raised its assessment of Russia’s government debt from BBB- to BBB, highlighting Russia’s increased security against economic shocks. The agency cited low debt, increased tax revenues, high …
The Standard & Poor's Global Ratings has left Russia's long-term foreign currency rating at “BBB-”, that is, at the bottom of the investment level. The relevant information was published in the agency’s …
Russia increased the volume of investments in U.S. government securities by $794 mln in November 2019, according to the U.S. Treasury. Out of $11.491 bln, long-term bonds accounted for $ 2.979 bln, short-term - $ 8.512 bln, TASS …
The Opec+ group is due to convene against in early March. All eyes will be on Russia, both its compliance and even on whether it remains on board.
Amid Washington's sanctions, Moscow pursues the policy of gradual de-dollarization of its economy and expansion of settlements in national currencies, Russian Foreign Minister Sergey Lavrov said. The minister …
Russian banks rejected more than six in every 10 loan applications made last year, new data has shown. Only 36.9% of requested loans were granted in in Russia last year, down from 41% the year before, the National Bureau of Credit …
On the first trading day in the new year, the Moscow Exchange Index updated the historical maximum gaining 3086.09 points. On Friday, the index grew by 1%, up to 3076.37 points, the RTS index showed an increase of 0.99%, up to 1564.18 …
Russia's 2019 oil output was seen at a record-high 560.2 million tonnes (11.25 million barrels per day), which is 0.8% higher than in 2018, the Central Dispatching Department of Fuel Energy Complex reported. Russia’s …
The 23 Russian billionaires on the Bloomberg Billionaires Index added $52.9 billion to their fortunes in 2019, the most in four years. The index is calculated basing on the share price of the companies, in which the billionaires have …
The year 2019 has been that of hard work for the Kremlin, Russian Presidential Spokesman Dmitry Peskov said, noting that every year is filled with difficult and happy events. "For the Kremlin, this has been …
Foreign direct investments in Russia will grow by about 70% as of the year-end, the Russian Direct Investment Fund (RDIF) chief Kirill Dmitriev said. "We definitely see the interest not merely from Middle East …
Almost 80% of Russians are satisfied with their lives, according to the results of the poll conducted by the All-Russian Public Opinion Research Center (VCIOM). "As of now, 79% of respondents said that they are satisfied with …
The head of Gazprom, Alexei Miller, announced that, in accordance with the protocol on gas cooperation, Gazprom and Naftogaz will sign an agreement on the settlement of mutual claims under existing contracts. The head …
It cannot be claimed that Russia now lives off the resources and capacities left over from previous generations, Russian President Vladimir Putin said during his annual year-end press conference. He also pointed at …
Russia's GDP growth in November slowed down year on year to 1.6 percent from 2.3 percent in October, it amounted to 1.3 percent for the first 11 months of 2019, the Russian Economic Development Ministry …
The North Caucasus regions are anti-leaders in the mobile service anti-rating compiled by the Content Review information review agency, based on the results of a study of eight …
