crisis in Russia

"Russia able to withstand one more economic crisis"

Russia’s National Wealth Fund (NWF) will be able to withstand one more economic crisis amounting to the crisis of 2014, head of the Accounts Chamber and initiator of the Reserve Fund Alexey Kudrin said. "In …

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20th anniversary of Russia's 1998 default

Twenty years ago, on August 17, 1998, Russia announced a technical default on main types of sovereign debt securities to the amount about $72.7 million.  One of the main reasons of crisis was the oil price collapse to $9.1 per …

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Russian President approves state budget for 2017

Russian President Vladimir Putin signed the law on the Russia’s federal budget for 2017 and the planned period of 2018-2019. The document was posted on the official website of legal information. The budget law for …

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What will stop drop in real incomes of Russians?

Real incomes of Russians are falling more than volumes declining economy, the Government’s Deputy Prime Minister Olga Golodets said at the session titled 'Improving the welfare of the population as a driver of …

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Russian Central Bank slows down key rate reduction

The Board of Directors of the Russian Central Bank has decided to maintain its key rate at 10.5% per annum at the today's meeting. "The decision and further tight monetary policy will contribute to achieving the inflation …

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Medvedev: Russian economy still in negative zone

The decline in Russia’s key economic indicators has slowed down due to implementation of the government’s supportive measures, though they are still in the negative zone, the Russian Prime Minister Dmitry Medvedev …

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 Russians hope that government to help them during crisis

The All-Russian Public Opinion Research Center (VCIOM) has conducted a public opinion poll to find out the significance of material and financial reserves for Russian people. According to its findings, 66% of respondents did not save …

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