Russia’s ultra rich take hammering with their global peers
Published: 25 June, 2009, 10:30
The wealth of the world's rich and ultra-rich population has dropped by 20 % to $33 trillion.
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Europe's largest refiner, Total, will help develop a gas field in Russia's Arctic, and build a liquified gas plant. It will also buy a 49% stake in a subsidiary of Russia's independent gas producer Novatek.
The North western town of Pikalyovo has come to symbolize the towns across Russia for which the collapse of a major industry or employer has meant dire straits for the whole community.
The push to make the Russian rouble a new regional reserve currency has picked up momentum with renewed calls by Russian President, Dmitry Medvedev, at the St Petersburg Forum and the BRIC meeting in Yekaterinburg.
01.06.2009, 22:02
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The international monetary fund has issued a new forecast for the Russian economy for this year. It's predicting a sharp contraction, but there's some good news amongst the grim statistics.
29.09.2009, 20:04
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Russia is preparing for a new wave of privatization according to Prime Minister Vladimir Putin. The move could help not only improve Russia’s budget outlook, but also its image.
22.01.2010, 17:03
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A sharp rebound in commodity prices has seen Fitch Ratings move Russia’s credit rating from negative to stable, as PwC says Russia could become the largest European economy in two decades.
11.05.2010, 13:59
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Business RT spoke with Chris Weafer, Chief Strategist at Uralsib about the decision by Eurozone nations to agree to a €750 billion bailout mechanism to protect the European currency.
25.06.2009, 10:46
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The economic crisis is changing the structure of Russia's population, boosting the number of poor and cutting the middle class. It's part of the World Bank’s forecast for this year - and it just got more gloomy.
07.05.2010, 15:36
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The US and Russia are gaining traction on an economic rebound, with China posting rudely healthy 1Q 2010 GDP growth. But its time for Europe to get ready for Recession - the sequel.
07.04.2010, 22:38
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Improving the investment climate, reforming financial infrastructure, and clarifying the tax regime - these tasks are on Moscow's "to do" list, as it bids to become a global financial center.
Published: 25 June, 2009, 10:30
The wealth of the world's rich and ultra-rich population has dropped by 20 % to $33 trillion.