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breakingnews
05.06.2009, 12:18
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Russian President Dmitry Medvedev delivered his keynote speech at the official opening of the St Petersburg economic forum, calling for an overhaul of the global financial system and rejecting protectionism.
21.06.2009, 08:37
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The time has come for Brazil, Russia, India and China to play a central role in a new global economy. That was the message of the debut summit of the so-called BRIC group, hosted in Yekaterinburg this week.
16.03.2010, 15:43
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Russian Deputy Economy Minister Andrey Klepach has forecast the Russian currency could appreciate by as much as 20% over the next three years.
04.06.2009, 12:30
Billions of dollars worth of deals are to be hammered out at an annual forum in Russia's second city. Foreign direct investment and global security will be key discussion points at the St. Petersburg Economic Forum.
25.10.2010, 08:32
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Despite the truce that G20 countries made this weekend agreeing not to devalue currencies to tackle financial imbalances, some fear the US has been long involved in a currency war.
31.10.2010, 08:21
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Russia and Vietnam have cemented their relations by signing a deal to construct Vietnam’s first ever nuclear power station.
21.10.2009, 16:20
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The Russian economy needs a modernization strategy to stop relying on raw materials to pull the country out of the current financial crisis, Dmitry Medvedev stated, speaking at a meeting with Russian business leaders.
09.10.2010, 01:25
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As the US economy teeters on the edge of decline and a possible double dip recession, emerging economies continue to grow at a quick click.
05.10.2009, 16:52
US economist and author Max Wolf says the American economy is a ticking time bomb, and there is no telling when it will go off. RT caught up with him in New York to talk about the subject in more detail.
08.09.2009, 22:22
4 comments
A new report from the United Nations recommends the role of the dollar as a reserve currency should be reduced. Instead, it proposes a new supranational currency.
Published: 06 June, 2009, 04:33
The World Economic Forum in St. Petersburg has started with a keynote speech from Dmitry Medvedev. He criticized the global economic system and put forward a number of solutions.
President Medvedev is right when he says that "No national currency should be appointed to the world’s reserve. The task of the Russian Federation is to make the Ruble a more attractive, convenient and reliable method of transaction for all those ready to use it.” The dominance of the US Dollar is no longer viable since this has dramatically increased the speculation and led to disastrous results thoughout the world markets and economies. There are other countries such as Russia, China, India and Brazil which have the potential to create a more stable and fairer economic system than the one sided, many times politiccally motivated one favouring the USA and western countries, which currently is operating. I also agree with his policy objective to diversify the Rrussian economy to ensure a succesfull, stable future for Russians. Innovation and technology are two areas that Russia could really excel and futher support the objective of a multipolar world.