crisis in Russia

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Weak ruble ceased to whip on inflation

Weak ruble ceased to whip on inflation

The slowdown in inflation from 0.031% in January to 0.021% in February 2016 indicates that the devaluation effect has exhausted itself, experts note. "We believe that the effect of the devaluation of the ruble has either been …

19 trillion rubles will revive Russian economy

19 trillion rubles will revive Russian economy

19 trillion rubles need to be allocated in order to revive the economy of Russia and bring it to the level of 2013, presidential adviser Sergei Glazyev said at the IFN CIS Russia Forum 2016. "During the …

Russian stock indexes return to pre-crisis levels

Russian stock indexes return to pre-crisis levels

On March 7th the MICEX index almost updated the maximum of 2008, surpassing the mark of 1900 points. Thus, for the day of trading, it rose from 1878.29 to 1909.57 points. Experts believe that the rise of oil prices has affected the …

 Russian Ministry of Economic Development renews crisis forecast

Russian Ministry of Economic Development renews crisis forecast

The Russian Ministry of Economic Development is preparing a new outlook for the development of the Russian economy until 2019. The official forecast for 2016-2018 has already expired, so the agency will submit a new document by April, the …

Moody's becomes more pessimistic about Russian economy

Moody's becomes more pessimistic about Russian economy

Moody's Investors Service has revised down its GDP growth forecasts for the Russian economy. Previously, experts predicted  Russia's GDP will drop by 1%, now they expect the growth will fall by 2.5%. It was done …

FAS insists on raising medicines prices

FAS insists on raising medicines prices

Russia's Federal Antimonopoly Service (FAS) has asked the Russian government to index regulated prices of medicines from the list of 'Vital Essential and Necessary Drugs'. The ministry attributed the need for price increases …