Russian economy

Russia raises minimum wage by 20%

Minimum wage in Russia is going up by 20%. Russia's Prime Minister Dmitry Medvedev said pay for low wage workers will go up to 7,500 rubles a month ($109) in July, from the current 6,204 rubles a month ($90), CNN …

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Russian Central Bank cuts key rate to 9%

The board of directors of Russia’s Central Bank has decided to cut its key interest rate to 9.00% per annum. "The Board notes that inflation is close to the target, inflation expectations keep declining, and economic activity …

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 Vladimir Putin: Russia's crisis is over

Crisis in Russia is over, Russian President Vladimir Putin said during his annual Q&A call-in session, adding that Russia has moved to a period of growth.  "Recession in the Russian economy is over, …

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Oreshkin: Russian economy at unique point

The Russian economy is expected to have long-term growth, the country's Minister of Economic Development Maxim Oreshkin said. The minister noted that foundation of changes in the last two years is very strong. …

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Putin: Russia ready for dialogue on equal terms

Moscow is ready to listen to assessments of its Western partners, when it is done in order to establish bilateral contacts, but not as a toll of political struggle, Russian President Vladimir Putin said in an interview, …

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Siluanov: Russia to face difficult years

Russia will face difficult times in 2018 and 2019, the head of the Russian Ministry of Finance Anton Siluanov said on the sidelines of at the St. Petersburg International Economic Forum. "We will have to go …

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Will Russia develop national cryptocurrency?

The Russian Central Bank will develop a national cryptocurrency, the regulator’s Deputy Chairman Olga Skorobogatova said at the St. Petersburg International Economic Forum 2017. "Regulators of all countries …

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Russian economy wants dollar to be cheap

According to a survey conducted by the Gaidar Institute among heads of Russian industrial enterprises in March, 52 rubles per dollar is the exchange rate of the national currency, which is optimal for the Russian industry. …

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Why will low inflation not save Russian economy?

The excessively rapid decline in inflation is not a healthy process, it will be rather a problem for Russia's economy, the head of Sberbank German Gref said during a broadcast on the Rossiya 24 TV channel. According …

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