Russian economy

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Fox Business: How much money is Russia worth?

Fox Business: How much money is Russia worth?

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 …

"Nord Stream-2 to be finished despite U.S. sanctions"

"Nord Stream-2 to be finished despite U.S. sanctions"

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 …

Russian Central Bank cut interest rate further

Russian Central Bank cut interest rate further

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, …

S&P affirms Russia's sovereign rating  

S&P affirms Russia's sovereign rating  

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 increases investment in U.S. government securities

Russia increases investment in U.S. government securities

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 …

Russian oil industry hits another peak

Russian oil industry hits another peak

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.

Russia continues policy of gradual de-dollarization

Russia continues policy of gradual de-dollarization

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 reject more than 60% of loan applications

Russian banks reject more than 60% of loan applications

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 …

Moscow Exchange Index breaks record

Moscow Exchange Index breaks record

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 sets new oil production record

Russia sets new oil production record

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 …

Russian billionaires gain leading wealth rebound

Russian billionaires gain leading wealth rebound

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 …

Peskov assesses year 2019 for Kremlin

Peskov assesses year 2019 for Kremlin

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 increases by 70%

Foreign direct investments in Russia increases by 70%

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 …

Life gets better in Russia - VCIOM

Life gets better in Russia - VCIOM

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 …

Russia and Ukraine strike gas deal

Russia and Ukraine strike gas deal

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 …

North Caucasus tops mobile service anti-rating

North Caucasus tops mobile service anti-rating

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 …