Russian economy

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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 …

Russian Central Bank cut interest rate further

The board of directors of Russia's Central Bank has cut its key rate today by 25 bp to 6.00% per annum amid slowing inflation. Commenting on the decision, the regulator's press service said that inflation slowdown is continuing, …

S&P affirms Russia's sovereign rating  

The Standard & Poor's Global Ratings has left Russia's long-term foreign currency rating at “BBB-”, that is, at the bottom of the investment level. The relevant information was published in the agency’s …

Russia continues policy of gradual de-dollarization

Amid Washington's sanctions, Moscow pursues the policy of gradual de-dollarization of its economy and expansion of settlements in national currencies, Russian Foreign Minister Sergey Lavrov said. The minister …