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Russian pensioner Matrena Orlova, 85 (AFP Photo / Danil Semyonov) 17.12.2008, 19:07

Russians spend less on food

As the economic crisis bites, Russians have started to prioritise spending, saving money on food and daily necessities.

13.12.2008, 07:05

Party season hit by cash drought

Preparations are already under way in homes and offices across Russia for the country’s biggest national holiday – New Year. But celebrations are expected to be muted this year as the financial crisis starts to be felt in the business communit

21.11.2008, 09:23

President meets magnates over dinner to discus financial crisis

President Dmitry Medvedev met Thursday evening with Russian corporate tycoons to discuss how the global financial crisis is affecting the real sector of the economy. The business leaders are looking for faster moves to keep business turning over through

11.12.2008, 06:35

Unemployment wave tipped as economy slows

Russia’s commodity-based economy is struggling as oil prices plunge 70% from record levels in July, and experts anticipate a sharp rise in unemployment early next year.

07.07.2010, 04:25 2 comments

Economic recession to bring down American Empire?

The US is overextended in multiple wars and its economy is continuing to falter; is the American Empire beginning to fall?

02.12.2009, 12:08 1 comment

Latvia grants $1,700 to poor countries

The Latvian parliament has approved its budget for 2010. One of the expense articles implies aid to “poor countries”, on which the country has generously allocated less than $2,000.

22.10.2010, 19:17 4 comments

Privatization agenda to shape new corporate landscape

The privatization agenda outlined by First deputy Prime Minister Igor Shuvalov, will seek to both shore up the government’s budget gap, and bring about major change in the Russian corporate market.

15.04.2009, 00:34

Creditors nations fret on U.S. budget

The U.S. budget deficit is raising concerns among creditors, with Russian Finance Minister, Aleksey Kudrin, expecting the recession to last 18 months with no progress on cutting the budget deficit for at least 3 years.

06.09.2010, 11:18 4 comments

Old light bulbs face the dimmer

Europe’s move to phase out 60 watt light bulbs next year after banning 75 watt bulbs last week is also the future direction for Russia, as energy efficiency starts to take on a day to day meaning.

16.03.2009, 23:22

41 the link between Oil and Rouble stability

The Rouble weakened against the Euro -Dollar basket during Monday trade as crude prices after OPEC's decision to maintain output. But a rebound in U.S. trade to a 2 month high has an upside for the Russian currency.

Rouble in the spotlight

Published: 18 December, 2008, 14:12


RT’s Spotlight has interviewed Aleksey Ulyukaev, Deputy Chairman of the Central Bank. He spoke to RT in detail about what will happen to the Russian currency in the near future.

 
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