Russian economy

Russia raises GDP growth outlook

The Russian Ministry of Economic Development and Trade has raised its forecast for the growth of the country’s economy in 2021, despite new administrative restrictions on business activity due to the third wave of the pandemic. …

Russia's economic growth increases by 3.7%

Russia’s gross domestic product (GDP) rose 10.9% year-on-year in May, the economy ministry said on Thursday, as the oil-dependent economy continued its recovery from the pandemic shock of 2020. In the first five months of 2020, …

Kremlin: Russia starts recovering after economic crisis

Russia demonstrates positive economic dynamics and starts recovering after the crisis, Kremlin Spokesman Dmitry Peskov said in an interview aired by the Rossiya-24 TV news channel on Tuesday. "The economy as such. Crisis is crisis. …

Russia among leaders in budget stimulation in G20

Russia is holding a leading position among the Group of Twenty (G20) countries in terms of budget stimulation, and the fiscal impetus in the country was 6.3% of GDP in 2020, Finance Minister Anton Siluanov said in the article posted in the …

Russia to cut dollar holdings from Wealth Fund

Russia will eliminate the dollar from its National Wellbeing Fund, shifting to euros, yuan and gold, Finance Minister Anton Siluanov said, as the Kremlin seeks to reduce exposure to U.S. assets amid threats of sanctions. "We can …