crisis in Russia

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Medvedev speaks about new anti-crisis plan

Medvedev speaks about new anti-crisis plan

The anti-crisis plan for 2016 includes measures to develop the Russian economy in the medium term, Russian Prime Minister Dmitry Medvedev said. Fulfilling social obligations and maintaining an acceptable situation on the …

Russians owe banks 1.15 trillion rubles

Russians owe banks 1.15 trillion rubles

Last year, rates of borrowers' payment discipline seriously deteriorated in Russia. According to the United Credit Bureau, overdue loans increased by 48% to 1.15 trillion rubles in December 2015. The share of overdue loans …

Matviyenko: thoughtless budget cuts unacceptable

Matviyenko: thoughtless budget cuts unacceptable

The speaker of Russia’s Federation Council, Valentina Matviyenko, said that mechanical budget cuts are unacceptable and proposes not to hurry with the adjustment till the end of the first quarter. "The …

Vyacheslav Holodkov: We need to change the economic course

Vyacheslav Holodkov: We need to change the economic course

The head of the department of International Economic Organizations at the Center for Economic Research of the Russian Institute for Strategic Studies, Vyacheslav Holodkov, believes that ‘in times of crisis we need to increase state support …

Kudrin: peak of crisis in Russia still ahead.

Kudrin: peak of crisis in Russia still ahead.

The former Russian finance minister Alexei Kudrin said in Davos that the peak of the crisis in Russia is still ahead. "The year of 2016 carryies risks. Neither presidential aides nor I expected this kind of oil price …

Why are the products getting more expensive?

Why are the products getting more expensive?

According to the Director for development of the Association of Manufacturers and Suppliers of Food Products 'Rusprodsoyuz', Dmitry Vostrikov, one of the main reasons for the increase in food prices is a lack of competition among …

Kudrin: The devaluation of the ruble is temporary

Kudrin: The devaluation of the ruble is temporary

Former Russian Finance Minister Alexey Kudrin called the sharp drop in the ruble exchange rate temporary (today, the ruble rose above 85 rubles per dollar). "I think that this is a temporary decline, of course, the …