Russian economy

Decline in poverty announced in Russia

The poverty rate has continued to decline in Russia, Russian Deputy Prime Minister Tatyana Golikova told a session of the Gaidar Forum in Moscow. According to the Federal State Statistics Service, the poverty rate has …

How much did 2018 affect Russian billionaires?

Total wealth of richest citizens of Russia in 2018 decreased by $5.915 billion, data of Bloomberg Billionaires Index (BBI) rating confirmed. Index was calculated based on value of shares of companies in which Russian billionaires own …

What happened in Russian economy in 2018?

Russian economy has finally stabilized in 2018, but it was never able to achieve substantial growth, Anatoly Aksakov, chairman of the State Duma Committee on Financial Market, Dmitry Piskulov, chairman of the …

Dollar and euro footstep away from 70 and 80 rubles

The dollar and euro exchange rates are getting closer to the psychological level of 70 and 80 rubles, respectively. The dollar exchange rate increased to 69.42 rubles at the Moscow Exchange from 68.77 rubles, as of 12:10 Moscow …

Putin sums up results of Russia's economic growth

Russian President Vladimir Putin said the economy grew 1.7% over the first 10 months of 2018, noting that the industrial output was growing at a quicker pace - 2.9%. Processing industries are growing at the level of …