Russian economy

Russia runs budget surplus

The Russian government approved the draft amendment to the the bill on federal budget for 2018 and the planned period of 2019-2020. Information about this is published on the website of the Cabinet. "The draft law provides for …

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Russia's inflation outlook may be revised

Russia’s Central Bank plans to revise inflation outlook for 2018 in early June, the bank's First Deputy Chairperson Kseniya Yudaeva said. She noted that Russia's inflation has stabilized at the level …

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Moody's: Russian economy resilient to US sanctions

Rating agency Moody’s Investors Service said that Russia’s strong public and external finances would shield its economy from the impact of the latest US sanctions. However, according to the agency, the sanctions will be …

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Doesn't collapse of ruble bother Russians?

The All-Russian Public Opinion Research Center (VCIOM) has conducted a public opinion poll, according to its results, the increase in the dollar and euro exchange rates does not bother the majority of Russians (60%). Two-thirds of the …

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Russian economy ministry lowers GDP growth outlook

Russian gross domestic product (GDP) growth is seen at 1.3% year-on-year in February, Russian Economic Development Ministry said. The ministry also revised its estimate for January GDP growth to 1.7%year-on-year, versus a previous …

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Rusal shares plummet to new low

Russia's aluminium producer Rusal tumbled as much as 21% this morning in Hong Kong after the US promised further sanctions against Moscow for supporting the Syrian government. The Trump administration vowed to impose more sanctions …

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Trump: Russia needs US

Russia needs support of the United States, US President Donald Trump wrote on Twitter. "Russia needs us to help with their economy, something that would be very easy to do, and we need all nations to work together. …

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Putin stresses importance of competition in Russia

Russia's President Vladimir Putin called on all levels of the government to take measures to increase competition. "You know how formidable the challenges are our country is facing now. Their solutions require …

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