Russian economy

Russia cuts defense spending

Next year’s reduction in defense spending will not affect the programs for re-equipping the armed forces, Russian President Vladimir Putin said at a meeting with the leader of the United Russia party’s faction in the …

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What do Russian people need?

Russians believe that the most serious problems that the country faces now are connected with low salaries and living standards, the state of economy and the current social policy, a survey conducted by the Russian Public Opinion Research Center …

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Deflation in Russia to stay at 0,3-0,5% level in August

Ministry of Economic Development of Russia expects that country's deflation will stay at the level of 0,3-0,5% in August, while annual inflation will slow down to 3,3-3,6%, the Ministry of Economic Development notes in its report. …

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Russia refuses dollar debts

The role of the dollar in Russia's external debt has reached 60%, declining to a minimum since 2014, according to the Russian Central Bank's data, published today. A stable decline in the share of the dollar has been observed …

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Increased faith in Russia's business

Business confidence in Russia's economy has reached a maximum level over the past two years, according to the survey of the Ernst & Young (EY), multinational professional services firm headquartered in London. "The survey …

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Economic Development Ministry: sanctions help Russia

Western sanctions helped Russia pay attention to internal economic issues, with the country’s economy entering an active growth phase due to trade and economic policies, Russian Economic Development Minister Maxim Oreshkin …

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Is Russia worst country to be elderly?

Russia is No. 40 among 43 countries in the 2017 Global Retirement Index, published today by Natixis Global Asset Management, just above India, Greece and Brazil. According to data compiled by Natixis, several factors affected the …

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What are Russians afraid of?

Russian citizens have recently become more afraid of the potential for armed conflict and rising prices, according to the results of a public opinion poll, conducted by the All-Russian Public Opinion Research Center (VCIOM). "The …

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