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Russian economy

Russia faces growing aggression from global arms producers – Putin
Russia is facing increasing and aggressive resistance from other countries in the arms trade, Russian President Vladimir Putin said.

25.05.2015 15:48

1st national payment card to be launched in Dec – Russian Central Bank
Russia’s national payment card will come into operation by the end of the year, said Central Bank Deputy Chairman Olga Skorobogatova. It’s to ensure smooth electronic transactions in Russia hit by Western sanctions in 2014.

25.05.2015 07:54

China to boost investment in Russia by 150% in 5yrs – official
China may more than double its investment in the Russian economy to $10 billion within 5 years if conditions are favorable, said the Deputy Secretary-General of the China Overseas Development Association He Zhenwei.

20.05.2015 11:43

Russian regulator acting ‘adequately’ as economy stabilizes – IMF
The Central Bank of Russia is taking effective steps to stabilize the national currency and the economic situation as a whole, according to the Deputy Managing Director of the International Monetary Fund (IMF) Min Zhu.

19.05.2015 07:43

​‘Not worst-case scenario’: Russian economy not doing well, but not critical – Deputy PM
The Russian economy is still facing difficulties which, however, cannot be called a full-scale crisis, said first Deputy Prime Minister Igor Shuvalov.

15.05.2015 17:15

‘Quasi-state Kosovo West’s only ally in Balkans, SE Europe’
Albanians are just a proxy for Western intervention in the Balkan area where it is easy for the West, following its goals, to ignite the Balkan powder keg by playing off ancient ethnic discords, Sasha Knezev, Serbian-American author, told RT.

14.05.2015 03:36

​Russia’s economic difficulties cannot be called crisis – Putin
Russian economy has passed the toughest part and a collapse isn’t expected, as its strengthened fundamentals won’t undermine the country’s stability, said President Vladimir Putin.

28.04.2015 13:12

Ruble now ‘excessively’ strong - Russian Finance Minister
The Russian ruble has strengthened to a point where it is actually too strong, Russian Finance Minister Anton Siluanov said on Friday during a lecture in St. Petersburg.

24.04.2015 12:54

Putin urges to fill Russian market with domestic food quickly
Russian President Vladimir Putin has tasked the new Agriculture Minister Aleksandr Tkachyov with strengthening the sector and solving import substitution goal quickly. Western food imports have been banned following the US and EU anti-Russia sanctions.

22.04.2015 10:28

Rapid rise of the ruble is over – Bank of Russia
The ruble’s oil-spurred rally is over, the Russian Central Bank said on Wednesday. The ruble has gained 15 percent this year after losing about half its value in 2014.

22.04.2015 08:30

Russia faces toughest economic challenges in modern history – Medvedev
Russia has never faced so many challenges at once like now, including the crash of oil prices and severe Western economic sanctions. However, it adapted to a new economic reality and even managed to stabilize, Russian Prime Minister Dmitry Medvedev said.

21.04.2015 11:05

Ruble at 2-wk low against US Dollar, as Central Bank interferes
The Russian ruble fell for a third consecutive day, extending losses from Monday when the Central Bank announced it would raise the rate for foreign-currency loans to banks. The Bank is trying to curb the 15 percent the currency has gained this year.

21.04.2015 11:11