Russian economy

Sberbank CEO says no repeat of crisis in the short term

Sberbank CEO says no repeat of crisis in the short term

The crisis is not expected to erupt again in the short term as the economy has come out of recession, CEO of the Russia’s largest bank Sberbak German Gref said on the sidelines of the Munich Security Conference, TASS …

Moody’s changes outlook on Russia

Moody’s changes outlook on Russia

Moody’s Investors Service has changed the outlook on Russia’s Ba1 government bond rating to stable from negative, affirming the rating and citing economic recovery. Moody's said that the Russian government's set of measures made the country less dependent on ...

Andrei Kostin: dollar to decline by six rubles

Andrei Kostin: dollar to decline by six rubles

Until the end of 2017, the ruble exchange rate may strengthen by 10%, the head of VTB Andrey Kostin said. "We believe that the ruble had to strengthen, but it was before  the government announced the …

Oreshkin predicts ruble to weaken soon and then stabilize

Oreshkin predicts ruble to weaken soon and then stabilize

The strengthening of the Russian currency is short-term, and it may slightly weaken in the nearest future and then stabilize, the Russian Economic Development Minister Maxim Oreshkin said after meeting the President …

Putin: Russia on brink of victory over inflation

Putin: Russia on brink of victory over inflation

Inflation in Russia continues to decline, Russian President Vladimir Putin said at a meeting on economic issues. "This year, a steady decline of inflation continues, the figure broke the psychological mark of 5% in …

Half of Russians feel unaffected by Western sanctions - poll

Half of Russians feel unaffected by Western sanctions - poll

Almost a half of Russian people (46%) believe they are not economically affected by the consequences of sanctions imposed by Western countries on Russia, a survey by the Moscow-based Public Opinion Foundation (FOM) revealed. At the same …

Will Russian economy start to grow?

Will Russian economy start to grow?

Russia's economy may grow 1.1% this year and 1.5% next after contracting in 2016, a Bloomberg survey of 39 economists shows. Earlier, Economy Minister Maxim Oreshkin said that Russia's economy could …

Russian Central Bank#039s head fears of new ‘black swans’

Russian Central Bank's head fears of new ‘black swans’

The Central Bank of Russia is highly conservative in its forecasts because of risks of new ‘black swans’ appearance, the Chairperson of the Bank of Russia Elvira Nabiullina said. "The higher level of uncertainty in the …

Recovery of Russian banking sector may take several years

Recovery of Russian banking sector may take several years

Financial rehabilitation of Russian banking sector may take several years more, Chairperson of the Bank of Russia Elvira Nabiullina said. "The period of proactive recovery of the banking system will continue for …

 Russia lost $26 billion on oil and gas exports

Russia lost $26 billion on oil and gas exports

Russia is making less money on oil and gas exports, according to the data published today by the Federal Customs Service. In 2016, the revenues from oil and gas exports declined by 17.7% (compared to 2015) and amounted to $73.676 billion. …

Will Russia overtake Europe in 33 years?

Will Russia overtake Europe in 33 years?

The International consulting firm PricewaterhouseCoopers (PwC) presented the report titled 'The Long View: How will the global economic order change by 2050?', where its experts said that Russia will become the leading European …

Russia’s Central Bank: GDP declines in 2016

Russia’s Central Bank: GDP declines in 2016

Russia’s GDP reduction amounted to 0.2% in 2016, but dynamics turned positive in the fourth quarter of 2016, the Central Bank reported. "In 2016, GDP reduction amounted to 0.2%. In the fourth quarter, GDP turned …

Russia expects three more years of cheap oil prices

Russia expects three more years of cheap oil prices

Oil prices will be hovering around $40-60 per barrel in 2017-2019, the Russian Finance Ministry’s Main guidelines for 2017-2019 debt policy said. "The oil price dynamics will still be one of the key risks for the Russian …

Investors warm to Russia as bond fund inflows hit record

Investors warm to Russia as bond fund inflows hit record

Investors have warmed to Russian assets, welcoming the country in from the cold. Russian bond funds counted record inflows in the week to February 1 as higher crude prices and improving relations with the US prompted an investor rotation …

Russian finance ministry announces volume of currency purchase operations

Russian finance ministry announces volume of currency purchase operations

The Russian central bank will buy the equivalent of 6.3 billion rubles ($106 million at current market prices) a day on the Moscow Exchange this month to replenish the country's fiscal reserves, the Russian finance ministry said. …

Russian Central Bank keeps key rate unchanged

Russian Central Bank keeps key rate unchanged

The board of directors of Russia’s Central Bank decided to keep the key rate at 10% per annum at its first board meeting in 2017 on Friday. Inflation performance has been generally in line with the forecast, the regulator said in …

Russia Nears End of Recession as GDP Shrinks Less Than Forecast

Russia Nears End of Recession as GDP Shrinks Less Than Forecast

Higher oil prices may help boost expansion

Inflation in Moscow sets new historical minimum in 2016

Inflation in Moscow sets new historical minimum in 2016

Inflation in Moscow reached a new historic low of 7.8% by the end 2016, the press service of the Moscow department of economic policy and development. Over the past year the economy of Moscow has managed to successfully adapt to …

Russia Becomes One Big Money Magnet

Russia Becomes One Big Money Magnet

Moscow reported the most inflows of foreign portfolio money than any other global emerging market fund

American businesses is not interested in Russia

American businesses is not interested in Russia

Russia should improve economy in order to begin restoration of relations

Putin: Positive trend in Russian economy should be supported

Putin: Positive trend in Russian economy should be supported

Positive trend in the Russian economy is still unsteady, it should be supported, President Vladimir Putin said, TASS reports. "We know about positive trends that were marked in the end of 2016 (in economy) but at …

Russian economy needs revolutionary reforms

Russian economy needs revolutionary reforms

Kudrin does well to make the case for change in geopolitical terms

Should we wait for new nuclear disarmament?

Should we wait for new nuclear disarmament?

No talks between the US and Russia on reducing nuclear potentials are in progress at the moment, the Russian presidential spokesman …

Russian Finance Ministry proposes to create unified economic policy document

Russian Finance Ministry proposes to create unified economic policy document

Russia can create a unified document on economic policy, this initiative was proposed by Russian Finance Minister Anton Siluanov at the Gaidar forum. Siluanov made this proposal responding to the question of head of …

Is Russia planning to lift sanctions from the West?

Is Russia planning to lift sanctions from the West?

Russia may lift the sanctions against the West, the First Russian Deputy Prime Minister, Igor Shuvalov, said in the framework of the Gaidar Forum. "Perhaps it is time to understand that the sanctions or counter …

Financial officials discuss model of Russia#039s economy growth (VIDEO)

Financial officials discuss model of Russia's economy growth (VIDEO)

Видео

A panel discussion on 'the model of sustainable economic growth for Russia' is being held in the framework of the 8th Gaidar Forum in Moscow. It was opened by an address of the chairman of the Board of the Center for Strategic Research, …

Medvedev: we preparing plan of action to speed up Russia#039s economic growth

Medvedev: we preparing plan of action to speed up Russia's economic growth

The Russian government is drafting a plan of action to speed up economic growth in the country to the rates above the average global level, the Russian Prime Minister Dmitry Medvedev said speaking at the Gaidar …

Russia and Turkey establish economic cooperation

Russia and Turkey establish economic cooperation

Russia and Turkey are normalizing relations, the Russian Deputy Foreign Minister Alexey Meshkov told journalists on the sidelines of the Gaidar Forum. "We are developing constructive cooperation with Turkey. …

Russian government to deal with incomes of Russians

Russian government to deal with incomes of Russians

The main task of the Russian government at the moment is the restoration of incomes of the population, which strongly declined in recent years, the Russian Deputy Prime Minister Olga Golodets said at the Gaidar Forum today. …

8th Gaidar Forum starts in Moscow

8th Gaidar Forum starts in Moscow

Today, the 8th Gaidar Forum started at the Russian Presidential Academy of National Economy and Public Administration in Moscow, it will last until 14 January. The key theme of the forum  - 'Russia and the World: the …