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Russia’s Reserve Fund may be depleted in 2017, the Russian Deputy Finance Minister Sergey Storchak said. "Yes, it is possible," he said when asked whether the Reserve Fund may be depleted next year. …
The Russian Finance Ministry’s proposal to freeze the federal budget spending in nominal terms for 3 years was approved yesterday at a meeting with the Prime Minister Dmitry Medvedev. The ministry proposed to set the …
The Russian Finance Ministry’s proposal to freeze the federal budget spending in nominal terms for 3 years was approved on Monday at a meeting with Prime Minister Dmitry Medvedev. The ministry of finance …
A basis of the election program of United Russia is social and economic stability, the Russian prime minister, the party leader Dmitry Medvedev said. Commenting on the election program of …
In the first five months of this year the Russian budget deficit amounted to 1.5 trillion rubles. Such data are contained in the report of the Accounts Chamber of Russia. It clarifies that the federal …
Bank of Russia Governor Elvira Nabiullina announced the plan to resume sales of short-term bills, known as OBRs, just as policy makers renew a cycle of interest-rate cuts that are themselves inflationary. According to …
The Russian Minister of Economic Development Alexei Ulyukayev published an article titled 'What to do next? in the Vedomosti newspaper today. He outlined there his program of actions which would allow the Russian economy to grow every year by 7%, as it was in the early 2000s. The Minister bases his arguments on the premise that the world economy has changed dramatically and only those developing countries that are able to adapt to these changes will keep high growth rates. "In this situation, Russia's economic policy should be aimed at increasing the potential growth, which can be achieved through better use of labor resources, accumulation of capitals through the growth of investments and increasing productivity," Ulyukayev believes.
At the session of the Economic Council's presidium, held on Wednesday, Russian President Vladimir Putin stated that previously existing sources of Russian economic growth have exhausted themselves, and that is why there is a …
The Russian economy will show steady economic growth of 4% in 2-3 years. Such an opinion was expressed by the presidential aide Andrei Belousov ahead of the meeting of the Presidium of the Economic Council under the President of …
Restrictions on wage growth may hamper the development of the Russian economy, Deputy Prime Minister Olga Golodets stated. "Further economic …
The issue of deficit of the Pension Fund of Russia is exaggerated, Russian Deputy Prime Minister Olga Golodets stated. "Pension Fund deficit topic is, of course, exaggerated. This is a myth," TASS quoted her …
Russian Finance Minister Anton Siluanov spoke about the work on preparation of the state budget for 2017. "We will deal with it a little later. It will be complex, much more complex than this …
Representatives of the Russian Central Bank for the first time mentioned the threat behind a slow decline of inflation in Russia. The domestic inflation calculated by experts has stabilized, but at a level above 4%. Thus, the Bank of Russia supported the Ministry of Economy's and the Ministry of Finance's intention to reduce labor costs in the economy.
According to the Federal Treasury’s information, Russia’s budget deficit has reached the amount of 1.23 trillion rubles during four months. At the same …
The Russians have started spending 50.1% of their earnings for foodstuffs, says a monthly monitoring report on social and economic situation and the general state of health that was done by the Institute of Social …
Social problems were no hushed up during President’s live Q&A session
Imports were a restricting factor of the economic dynamic as the pace of growth slowed down
The world media on key geopolitical events over Azerbaijan, Armenia, and Russia
The world media on key geopolitical events over Russia and the USA
The number of Russians who believe that the country is currently experiencing an economic crisis has reached 79%, the results of a survey by the Public Opinion Foundation indicate. In January 2015, this opinion was expressed by …
