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Turkish President Recep Tayyip Erdogan has set a task bring up trade turnover between Turkey and Russia to $100 billion. "The trade turnover between our countries already exceeds $25 bln, but our task is to bring …
Next year, the Russian economy is expected to face problems associated with a lending cycle phase change - this conclusion follows from the 2019-2024 macro forecast published by the Russian Economic Development Ministry. Russia's …
The poverty level in Russia is seen at 12.5% this year, Russian Economic Development Minister Maxim Oreshkin said. According to the minister, the poverty level is seen at 11.7% in 2021 and at 6.6% in 2024, RIA Novosti …
Russian President Vladimir Putin expressed concerns about the slow growth of real incomes. "Given the increase in wages in the economy, real incomes of people are growing slowly," the Russian leader said, …
International rating agency Moody’s has cut its Russia’s 2019 gross domestic product growth forecast to 1.2% from 1.6%, the agency said in the Global Macro Outlook 2019-2020 report. The 2020 forecast was kept at 1.5%. …
Russian gross international reserves reached $528.4 billion as of August 16, up by $1.3 billion or 0.2% from a week ago, Russia's Central Bank has reported. Russia’s international reserves are now well beyond the $500 …
Russia's consumer prices fell by 0.1% from August 6 to 12, according to the Rosstat data. A week earlier, inflation reached 0, and since the beginning of this year it gained 2.6%. On August 12, annual inflation reached about …
Russia's credit rating was lifted on Friday by Fitch Ratings, which cited strong fiscal policies and a commitment to inflation-targeting, Business Times reported. The sovereign rating was lifted to "BBB", the second lowest …
The second round of U.S. sanctions under the 2018 Skripal poisoning case does not cover Russian state companies and the secondary market of the Russian sovereign debt, the U.S. Department of the Treasury said in a August 2 …
Russian President Vladimir Putin is satisfied with Russia's economic trends but wants growth rates to accelerate. "Russia has maintained positive economic growth rates for 13 quarters in a row," the head …
The main restrictions for the development of the Russian economy are internal, head of the Bank of Russia Elvira Nabiullina said at the International Financial Congress. "We are clearly living now in a not …
Russian President Vladimir Putin said that the country's economy has overcome those difficulties that were caused by internal and external shocks, including those related to restrictions and slumping prices on export …
Russia's Economic Development Ministry is considering control over citizens’ spending as a measure to fight the black economy, Deputy Director of an Investment Policy Department Bella Panina said at a conference. …
Russia’s Central Bank bought foreign currency worth 19.06 billion rubles on June 25 as it resumed its forex purchases for the state reserves, the bank said. The Russian Finance Ministry would allocate 310.3 billion rubles or …
Russian President Vladimir Putin has signed a decree extending specific economic measures against countries that imposed sanctions against Russia until the end of 2020. The document has been published on the …
Russian President Vladimir Putin, speaking during the Q&A session, answered the question of when the Russian citizens' "life will change for the better." The head of state admitted that the life for …
National Projects will influence on domestic economy over time but measures should be taken to warm it up already this year, Russia's Prime Minister Dmitry Medvedev said. "Growing investments within the …
Banks of several countries plan to become members of the Russian analogue of the SWIFT interbank messaging system, and some of them have already carried out pilot connections, Central Bank chairwoman Elvira …
Russian Deputy Prime Minister Tatyana Golikova said that about 15 million Russian people are employed in the shadow economy. "According to the latest data, their number reached 15 million people," TASS cited …
Russian Economy Minister Maxim Oreshkin said on Friday he believed the central bank should not control commercial banks, and supported more competition and private capital in the sector. “I believe that the central bank should not …
