Russian economy

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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 …

United States to continue attack on Russian securities

The administration of US President Joe Biden does not exclude the possibility of tougher sanctions against Russian debt securities, according to sources familiar with the information. According to Bloomberg, the US is now studying the …

Kremlin claims there's no crisis in Russia

Russian presidential spokesman Dmitry Peskov assured that Russia is not facing any economic crisis. "No, there are no signs of crisis," Interfax cited him as saying Peskov recalled that the international …

Russian economy on the rebound, Putin says

Recovery trends in the Russian economy are becoming stronger but the revenue base of certain regions is still unstable, President Vladimir Putin said on Wednesday at a meeting with Cabinet members, TASS reports. …