Kremlin: Russian economy in shock from unprecedented economic war
The Kremlin said on Thursday that Russia's economy was experiencing a shock and that measures were being taken to soften the impact of what it described as …
Russian economy
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Putin restricts export of certain products and raw materials
President Vladimir Putin signed a decree on the application of special economic measures in the field of foreign economic activity. The Russian leader ordered to determine in two days the lists of states where the export of certain …
Moody's suspends commercial activities in Russia
The international rating agency Moody's suspended commercial activities in Russia since March 5, the agency’s press release reads. "The suspension applies to both Moody's Investors Service (MIS) and Moody's …
S&P lowered Russian rating to CCC-
The international rating agency S&P downgraded the long-term sovereign rating of Russia in foreign currency from BB+ to CCC-and the long-term rating in the national currency from BBB-to CCC-, the rating agency said on its website. …
Fitch downgrades Russia's sovereign rating
Ratings agencies Fitch and Moody's downgraded Russia by six notches to "junk" status, saying Western sanctions threw into doubt its ability to service debt and would weaken the economy. Fitch downgraded Russia to …
Russia to respond asymmetrically to Western sanctions
Russia has always responded symmetrically to Western sanctions, but an asymmetric response is being prepared now. the Secretary of the General Council of the party "United Russia" Andrei Turchak announced this on Tuesday. …
Russia to spend up to $10 bln on buying Russian shares
The Russian government has ordered the finance ministry to channel up to 1 trillion roubles ($10.3 billion) from the National Wealth Fund to buy shares in Russian companies. The corresponding order was signed by Russian …
Putin signs decree on special economic measures
Russian President Vladimir Putin signed a decree that introduces special economic measures regarding unfriendly actions by the US and its allies, and its text was published on the Kremlin website on Monday. The preface says the decree …
Putin to discuss Russian economy changes with government officials
The Kremlin on Monday said Russia's economic reality had changed but saw no reason to doubt the effectiveness and reliability of the central bank, which hiked interest rates to 20% as it sought to shield the economy from unprecedented Western …
Russian ruble plunges to record low
The Russian rouble slid more than 15% against the dollar and euro at market opening in Moscow on Monday but central bank intervention arrested its fall, after it tumbled to a record low in Asian trade as harsh new sanctions were slapped on …
Britain intends to "squeeze" Russia from world economy
London will "squeeze Russia from the global economy", Prime Minister Boris Johnson said. "We will continue on our remorseless mission to squeeze Russia from the world economy piece by piece, day …
Russia stands ready to protect financial market - government
The Russian government has announced its readiness to take measures to protect the country's financial markets and major companies from sanctions and other threats. "The government has formed clear-cut plans for measures to …
Putin orders to reduce inflation and increase the income of Russians by at least 2.5%
Russian President Vladimir Putin demanded that effective measures be taken to reduce inflation, as well as to achieve economic growth and increase the income of citizens at a meeting on economic issues on Thursday. …
Russia raises key rate sharply to 9.5%
Russia's central bank raised its key interest rate sharply to 9.5% on Friday, increasing the cost of borrowing by 100 basis points for the second time in a row, and said a further rate increase was possible. "If the situation …
Medvedev: Russian economy can do without dollar
Deputy Chairman of the Russian Security Council Dmitry Medvedev believes the country can do without dollar payments if necessary, replacing them with payments in euro or yuan. "Yes, the absence of dollar payments may be replaced …
IMF lowers forecast for Russian GDP growth in 2022
The International Monetary Fund (IMF) revised upward the outlook for Russia’s GDP growth in 2023 from 2% to 2.1%, IMF said in its report released on Tuesday. At the same time, IMF lowered the forecast for Russian GDP growth in …
Russia to ban issuance, mining, circulation of cryptocurrencies
The Bank of Russia has proposed to ban the issuance, mining and circulation of cryptocurrencies in Russia in order to alleviate the dangers caused by the proliferation of cryptocurrencies, the regulator said in a report on Thursday. …
Putin: Russian economy more prepared for pandemic shocks than other countries
The Russian economy turned out to be more flexible and ready for pandemic shocks than many other countries when it came to the coronavirus pandemic, Russian President Vladimir Putin said at his annual press conference on Thursday. …
Baku hosts "Russia-Azerbaijan in new system of regional security and economic cooperation. Results of the year and prospects" round table
Today Baku is hosting the international round table entitled "Russia-Azerbaijan in a new system of regional security and economic cooperation. Results of the year and prospects". The event is attended by Russian and …
Kremlin: authorities taking measures to avoid sharp spikes in inflation
Russian authorities are concerned about the current high level of inflation in the country and are taking measures to avoid sharp spikes, Kremlin spokesman Dmitry Peskov told reporters. "There is no sharp spike in inflation. High …
