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Russia’s annual inflation accelerated to a near six-year peak of 8.38% in late November, weeks ahead of a central bank meeting where it is expected to raise rates to rein in stubbornly rising consumer prices, economy ministry data showed on …
Russian President Vladimir Putin said that economic successes lie at the heart of the well-being of the state, adding that the spiritual principle is also an important factor. "Of course, the economic success of the state lies at …
Russian President Vladimir Putin ordered to increase the cost of living and the minimum wage in 2022. The Russian president emphasized that "the social sphere is central in our state policy and one of the key priorities of the …
Russia’s budget surplus in January-October 2021 amounted to 2.14 trillion rubles, according to the statement posted on the website of the Russian Finance Ministry. In October, Russia’s budget surplus reached …
Russian international reserves have risen by 0.2% over the week and reached a record high of $ 621.6 billion, as it is given in the materials of the Central Bank. In total, in the period from October 15 to 22, international reserves …
Russian President Vladimir Putin said that the strained situation on European energy markets also carries certain risks for Russia. "The tense situation on international markets also bears certain risks for our country in the …
Russia’s central bank increased its key interest rate sharply to 7.5% on Friday, delivering its sixth hike this year in an effort to tame the highest inflation since early 2016, and indicated that more rate rises were still possible. …
As Russia continues to cut its dollar assets, the country’s ministry of foreign affairs is mulling replacing the greenback with not just traditional fiat currencies, but also digital assets, according to reports. Speaking about the …
Risks of the stagflation scenario for the global economy are seen, Russian Minister Anton Siluanov said, cited by the Finance Ministry in the press release in conclusion of the G20 Finance Ministers and Central Bank Governors meeting. …
Russia has raised its 2021 inflation forecast to 7.4% from 5.8%, the economy minister said on Tuesday, adding to pressure on the central bank to raise interest rates for the sixth time this year at its rate-setting meeting next week. …
Natural gas prices in Europe increased dramatically to over $1,900 per 1,000 cubic meters in early hours of the trading session on Wednesday, according to ICE data.
Russia’s Central Bank has again raised its key rate - by 0.25 percentage points to 6.75%, noting that it holds open the prospect of further key rate rises at its upcoming meetings, according to the press release following they key rate …
The volume of oil production in Russia at the end of 2021, subject to OPEC + restrictions, may reach 506 mln tons, which is 1% less than in 2020, Russian Energy Minister Nikolai Shulginov told reporters on Thursday on the sidelines of the sixth …
Economic life is recovering from the pandemic and is returning to business as usual, Russian President Vladimir Putin at the plenary session of the Eastern Economic Forum. "Such a broad representation and interest in the …
Russia’s public debt increased by 1.48 trillion rubles for the first half of 2021 and amounted to 20.4 trillion rubles, the Accounts Chamber said in its report on execution of the federal budget for January-June 2021. …
Russia will receive about $18 billion worth of reserves from the International Monetary Fund (IMF) on Monday which will help ease an acute economic situation in the country, RBC reported. The IMF will distribute about $650 billion in …
The trade turnover between Russia and Iran in the first six months of this year increased by 39.9% compared to the same period last year, the trade mission of the Russian Federation in Iran informs, citing data from the Federal Customs …
The economy of Eurasian Economic Union (EAEU) member-states is recovering gradually amid the coronavirus pandemic due to joint efforts, Russian Prime Minister Mikhail Mishustin said at the meeting of the Eurasian intergovernmental council on …
We’ve all heard the statement that Russia is a declining power. It is repeated so often by western pundits that it has become a truism. As The Global Times …
Russia's GDP level has recovered to a pre-crisis level, but is still below potential, aide to the President of Russia Maxim Oreshkin said in an interview with the Rossiya 24 TV channel, TASS reports. "From the point of …
