Russian economy

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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). …

S&P affirms Russia’s rating at BBB-

International rating agency S&P Global Ratings has affirmed Russia’s rating at the investment level of BBB- with a Stable outlook, the agency said. The agency noted that the credit rating on liabilities in the local currency …

Russia prepares plan to help economy amid coronavirus

Russia's government may announce new economic measures this week to help offset the dual impact of low oil prices and the coronavirus, the daily Vedomosti reported citing two federal officials. It is reported that Moscow is …

Mishustin: Russia did not initiate OPEC+ deal exit

Russia proposed to extend the OPEC+ agreement for a year, it was other countries that initiated leaving the deal, Russian Prime Minister Mikhail Mishustin said opening a government meeting. "We did not initiate the withdrawal from …

Russia capital investment increases

Russia’s capital investment in 2019 increased 1.7% in year-on-year terms to 19.3 trillion rubles ($294.1 billion), the Federal Statistics Service said today. According to the statistics service Rosstat, in the fourth quarter …

Putin on link between Russians' incomes and oil

Russia is trying to shield its economy from turbulence in global energy markets, but cutting the country's reliance on oil cannot happen at once, Russian President Vladimir Putin said. "We are gradually weaning …

Fox Business: How much money is Russia worth?

Russia has a nominal gross domestic product (GDP) of $1.64 trillion and purchasing power parity (PPP), or Russian GDP, of $4.21 trillion, according to a November report by Investopedia. As Fox Business wirtes in an …