Russian economy

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Russia sets new oil production record

Russia's 2019 oil output was seen at a record-high 560.2 million tonnes (11.25 million barrels per day), which is 0.8% higher than in 2018, the Central Dispatching Department of Fuel Energy Complex reported. Russia’s …

Russian billionaires gain leading wealth rebound

The 23 Russian billionaires on the Bloomberg Billionaires Index added $52.9 billion to their fortunes in 2019, the most in four years. The index is calculated basing on the share price of the companies, in which the billionaires have …

Peskov assesses year 2019 for Kremlin

The year 2019 has been that of hard work for the Kremlin, Russian Presidential Spokesman Dmitry Peskov said, noting that every year is filled with difficult and happy events.  "For the Kremlin, this has been …

Life gets better in Russia - VCIOM

Almost 80% of Russians are satisfied with their lives, according to the results of the poll conducted by the All-Russian Public Opinion Research Center (VCIOM). "As of now, 79% of respondents said that they are satisfied with …

Russia and Ukraine strike gas deal

The head of Gazprom, Alexei Miller, announced that, in accordance with the protocol on gas cooperation, Gazprom and Naftogaz will sign an agreement on the settlement of mutual claims under existing contracts. The head …

Putin on stability in Russia

Russian President Vladimir Putin said that macroeconomic stability is provided in Russia. "Macroeconomic stability is provided in Russia. Industrial production growth was 3% last year. Unemployment (4.6%) and …

U.S. urges to recognize Crimea as part of Russia

U.S. Professor Lyle Goldstein urged Washington urged Washington to "get over" Crimea's reunification with Russia. His article published in The National Interest magazine tells that Russia and Crimea have a common …

IMF: Russia’s macroeconomic situation is stable

Russia’s macroeconomic situation is stable, despite the sanctions and structural rigidities, according to International Monetary Fund (IMF) mission, led by James Roaf, which visited Russia to discuss recent …

Oreshikin sees inflation slowdown in Russia

Russia's inflation would be close to 3% by the end of the year, the county's Economic Development Minister Maxim Oreshkin said during the Russia Calling! business forum. "We see that this …