Russian economy

Kremlin: international situation prevents Russia

The international situation, including the illegal sanctions policy towards Russia, creates challenges for the growth of the country's economy, Kremlin spokesman Dmitry Peskov said, commenting on chairman of the Russian …

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IMF improves forecast for Russia's growth

The International Monetary Fund (IMF) has upgraded the forecast for Russia's growth to 1.8% in 2019, according to the World Economic Outlook report released. At the same time, IMF expects Russia's inflation to stay at the level …

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Russia's actions to reduce dependence on dollar

Russian Finance Minister Anton Siluanov detailed the actions taken by the government to reduce Russian economy's dependence on the dollar. Siluanov noted that European companies are considering the idea of …

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Will Crimea become offshore zone?

Head of the State Duma’s Committee for Financial Markets Anatoly Aksakov proposed to set up an offshore zone on the Crimean peninsula. At the same time, he noted that it will not happen in the near future. Aksakov …

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Russia not to ban dollar use

Russia’s government doesn't plan to restrict dollar usage in the country, but intends to approve a plan to reduce dollar usage, as the Kremlin steps up efforts to cut dependence on the U.S. currency amid fears of new U.S. sanctions. …

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Baku hosting 9th Russia-Azerbaijan Interregional Forum

The 9th Russia-Azerbaijan Interregional Forum has opened in Baku today. The event is aimed at developing trade, economic and humanitarian ties between the regions of the two countries, being a platform for joint work of Russia and …

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Poverty reduces in Russia

The poverty has declined in Russia by 1.1 million people in the first six months of this year compared to the same period last year, Russia's Deputy Prime Minister for Social Policy Tatyana Golikova said. …

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Are Russian finances out of danger?

Russia's financial stability indicators are at a safe level, the Russian Central Bank said in its financial market risks review for August, "An unfavorable external background is formed in the face of expectations of U.S. …

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Russian government approves draft budget for 2019-2021

The Russian government approved Thursday a draft of the country's federal budget for the next three years, expecting a surplus during the period, Xinhua reported. "The surplus of the Russian budget in 2019 will be 1.8 percent …

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There are no risks of currency crisis in Russia

Analysts of Japanese financial company Nomura developed exchange-rate crisis index. They called it Damocles. According to Nomura's report, published on September 10, this index includes 30 emerging markets that are close to currency …

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Russian Central Bank cleans banking sector

Elvira Nabiullina, сhairman of the Russian Central Bank, said that overwhelming number of banks with weak credit history were removed from the market. "Overwhelming number of weak banks were removed from the …

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Price of Russian oil raised by 39%

Average price of Russia's Urals crude from January to August of 2018 raised by 39.2% compared to the same period of last year, amounting to $69.73 per barrel. In January-August of 2017, the average price of Urals amounted to …

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Putin explains retirement age reform (VIDEO)

Russian President Vladimir Putin said in his televised address today that the retirement age for women should be 60 rather than 63, according to the president's official address posted on the Kremlin website.  …

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