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Russia and the global economy

Russia’s rich move money out
In 2008 Russia’s rich almost doubled their transfers abroad compared to the previous year with overall investment into foreign economies totaling $25.6 billion.

July 27, 2009 10:12

Steelmakers look to fire up a recovery
Russia's steelmakers have asked Vladimir Putin for help in bring the sector back from a slump. The Prime Minister has pledged to stimulate demand for steel and support on international markets.

July 24, 2009 23:07

Risk appetite brings Russian bonds into the limelight
Rouble stabilization is boosting investor appetite for risk and Russia’s bond market. In the first half of the year companies issued bonds worth $11 billion, with distressed company offerings also getting attention.

July 24, 2009 18:53

Dwindling reserves put focus on future outlays
Russia has spent a third of its Reserve Fund covering the budget deficit and it’s planning to spend the same amount again in the third quarter.

July 24, 2009 12:31

Steelmakers look for domestic boost
Russia's steel sector will seek Lower taxes, debt financing and a domestic demand boost from Prime Minister Putin at Friday's meeting in Magnitogorsk.

July 23, 2009 18:58

Bretton Woods anniversary brings focus back to waning dollar outlook
65 years ago the dollar became the world’s de facto reserve currency at the Bretton Woods conference in New Hampshire. On the anniversary, uncertainty about the Dollar’s capacity to continue in the role is increasing.

July 22, 2009 13:42

Car sales slump as producers look for fresh injection of foreign technology
Car sales in Russia have dropped 55% so far this year, leaving the Russian market only the 5th largest in Europe.

July 22, 2009 11:35

“The crisis was caused by the irresponsible policy of the US authorities”
The former chairman of Russia's Central Bank Viktor Gerashchenko spoke to RT about the causes of the world’s money troubles, a global reserve currency and international financial organizations.

August 04, 2010 03:16

Investing in networking: DST CEO, Yuri Milner
Digital Sky Technologies has made headlines with its buy in to global networking phenomenon, Facebook. Business RT spoke with the CEO of DST, Yuri Milner, about the potential of networking in Russia and abroad.

July 20, 2009 10:28

Consumer pessimism creates vicious circle for retailers
The economic downturn is seeing people spending less, but retailers are trying to pep turnover with significant discounts and sales.

July 18, 2009 13:09

Banks warned on excessively high deposit rates
Russian savers are enjoying high interest rates on bank deposits, while their global counterparts are getting virtually nothing. But the Central Bank is warning that, in some cases, this comes at a price.

July 18, 2009 12:42

German government renews backing for Magna - Sberbank Opel bid
German Chancellor, Angela Merkel, gave strong support for the Russian-Canadian bid for car maker Opel, when she hosted the Russian President in Munich, as the deal hangs in the balance.

July 17, 2009 12:58