Russian economy

page 8

Russian economic development ministry sees disinflation trend

Russian economic development ministry sees disinflation trend

Russia’s Economic Development Ministry sees a disinflation trend and does not expect major fluctuations, Minister Maksim Reshetnikov told reporters on Thursday, adding that in monthly terms the growth of consumer prices slowed down from …

Russia's economic growth increases by 3.7%

Russia's economic growth increases by 3.7%

Russia’s gross domestic product (GDP) rose 10.9% year-on-year in May, the economy ministry said on Thursday, as the oil-dependent economy continued its recovery from the pandemic shock of 2020. In the first five months of 2020, …

Kremlin: Russia starts recovering after economic crisis

Kremlin: Russia starts recovering after economic crisis

Russia demonstrates positive economic dynamics and starts recovering after the crisis, Kremlin Spokesman Dmitry Peskov said in an interview aired by the Rossiya-24 TV news channel on Tuesday. "The economy as such. Crisis is crisis. …

Russia among leaders in budget stimulation in G20

Russia among leaders in budget stimulation in G20

Russia is holding a leading position among the Group of Twenty (G20) countries in terms of budget stimulation, and the fiscal impetus in the country was 6.3% of GDP in 2020, Finance Minister Anton Siluanov said in the article posted in the …

Central Bank chair comments on Russia's inflation expectations

Central Bank chair comments on Russia's inflation expectations

Central Bank Governor Elvira Nabiullina on Thursday said inflation expectations were at a four-year high and had been elevated for several months already, saying that supply shortages and people changing their purchasing behaviour over fears of …

Russia to cut dollar holdings from Wealth Fund

Russia to cut dollar holdings from Wealth Fund

Russia will eliminate the dollar from its National Wellbeing Fund, shifting to euros, yuan and gold, Finance Minister Anton Siluanov said, as the Kremlin seeks to reduce exposure to U.S. assets amid threats of sanctions. "We can …

European Commission raises Russia's GDP outlook for 2021

European Commission raises Russia's GDP outlook for 2021

The European Commission has raised the outlook for Russian gross domestic product (GDP) growth in 2021 to 2.7% from 2% and the outlook for 2022 to 2.3% from 1.9%, the authority said in a statement on Wednesday. The Russian economy …

Biden tells Congress he 'inherited a nation in crisis'

Biden tells Congress he 'inherited a nation in crisis'

U.S. President Joe Biden delivered an address to a joint session of Congress on Wednesday.  "A hundred days since I took the oath of office, lifted my hand off our family Bible and inherited a nation — we all …

Russia's Central Bank increases key rate to 5% per annum

Russia's Central Bank increases key rate to 5% per annum

Russia’s Central Bank has increased its key rate for the second time this year - to 5% from 4.5% per annum, according to a statement released following the meeting of its board of directors on Friday. "On April 23, 2021, the …

Vitaly Mutko: main thing is to implement tasks set by president

Vitaly Mutko: main thing is to implement tasks set by president

Russian President Vladimir Putin's address to theFederal Assembly was clearly structured and consisted of practical tasks that must be completed by the government and other state structures in a timely manner, General Director of DOM.RF …

United States to continue attack on Russian securities

United States to continue attack on Russian securities

The administration of US President Joe Biden does not exclude the possibility of tougher sanctions against Russian debt securities, according to sources familiar with the information. According to Bloomberg, the US is now studying the …

Kremlin claims there's no crisis in Russia

Kremlin claims there's no crisis in Russia

Russian presidential spokesman Dmitry Peskov assured that Russia is not facing any economic crisis. "No, there are no signs of crisis," Interfax cited him as saying Peskov recalled that the international …

Russian Economy Rebounding From Covid Slump After Lockdown

Russian Economy Rebounding From Covid Slump After Lockdown

Russia’s economy continued to rebound from its pandemic-induced recession in the fourth quarter of 2020, easing its contraction as President Vladimir Putin opted against imposing a second national lockdown, Bloomberg …

Russian economy on the rebound, Putin says

Russian economy on the rebound, Putin says

Recovery trends in the Russian economy are becoming stronger but the revenue base of certain regions is still unstable, President Vladimir Putin said on Wednesday at a meeting with Cabinet members, TASS reports. …

Debt burden of Russians climb to record-breaking 11.7% by 2021

Debt burden of Russians climb to record-breaking 11.7% by 2021

The debt burden ratio of Russians at the macro-level (DBR, the ratio of all payments under relevant loans to total income of the population) increased to record-breaking 11.7% as of 2021 year-start, according to papers for the presentation of …