Russian economy

Russia's labour market survived pandemic peak?

The Russian labor market has left behind the peak of the pandemic, Russia's Labor Minister Anton Kotyakov said. The minister noted that Russia’s unemployment rate stood at 6.1% in May, an increase from 5.8% recorded in April …

Medvedev: Russia hit by three economic shocks

Russia will not escape a general economic recession due to the coronavirus pandemic  and now our country is hit by three economic shocks, Deputy Chairman of the Russian Security Council Dmitry Medvedev said in his article published in …

Bloomberg predicts record dop in Russia's GDP

Russia's economy will contract 16% in the second quarter, according to Bloomberg Economics. That would be the worst quarterly performance since at least the early 1990s. Russia’s overall output shrunk by a quarter last …

Oreshkin names main problems of Russian economy

Economic Advisor to the President of the Russian Federation Maxim Oreshkin named the main problem of the Russian economy that right now is a priority for the authorities. "The president constantly repeats that the authorities, …

Forbes names Russia's richest businesman

Forbes magazine has compiled the rating of 200 richest Russian entrepreneurs, topping the list is head and beneficiary of Norilsk Nickel Vladimir Potanin with a fortune of $19.7 billion (up from the 6th place with $18.1 billion). …