Russian economy

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Russia's secret of beating recession revealed

Russia has avoided economic recession, Russian President Vladimir Putin said at the closing ceremony of the BRICS Business Forum in Brazil. "We have been carrying out a balanced macroeconomic policy for …

Finance Ministry: Russia’s budget policy stable

Russia’s budget policy is stable and poses no inflation risks, Russian Deputy Finance Minister Vladimir Kolychev said at the S&P Global Ratings 2019. He noted that it will remain stable even if around 1 …

What are Russians afraid of in 2019?

Russians’ main fears remain social injustice, falling incomes and the possibility of being left without free medical aid, while international conflicts, job loss and rising crime are the least worry. These findings are the results of a …

Forbes names Russia's richest women

Head of Inteco Management Elena Baturina has topped the list of Russia’s richest women, according to Forbes Magazine. In 2019, her fortune is estimated at $1.2 bln. Owner of the online retailer …

World Bank: Russian economic growth forecast to 1%

The World Bank said it has lowered Russia’s economic growth forecasts for this year to 1% from 1.2%, revising down the country’s economic outlook for the fourth time so far this year. The World Bank’s revision of …

Russia’s Central Bank cuts key rate to 7%

The board of directors of Russia's Central Bank has cut its key rate today by 25 bp to 7.00% per annum. Commenting on the decision, the regulator's press service said that inflation slowdown is continuing, but inflation …