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Russian economy

​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

'Worst is over' - Putin on Russian economy
Russia’s economy has managed to overcome the worst, as the national currency has become much stronger than most analysts expected, and all the key indicators are improving, President Vladimir Putin said.

16.04.2015 08:46

Russia Iran oil-for-goods deal on – Kremlin
Russian President Vladimir Putin’s press secretary, Dmitry Peskov, confirmed the oil-for-goods deal between Moscow and Tehran is “absolutely” a reality and has begun.

14.04.2015 14:32

Asian market to guide European prices – Gazprom chief
The price of Russian gas in Europe will soon be influenced by the Asian gas market, Gazprom head Aleksey Miller has said.

13.04.2015 11:05

Ruble 'miracle' pushes 2015 gains to 15%
The Russian ruble continues its scorching ascent, improving 3% against the dollar and nearly 4% versus the euro, the best performance in over four months. The currency, on of the worst performers in 2014, is now the best in 2015.

10.04.2015 08:45

Russian celebrities ask Putin to help $18mn 'patriotic fast-food' rival to McDonald's - media
Celebrated Russian film maker Nikita Mikhalkov and his brother Andrey Konchalovsky have asked the Russian government for help with their new $18 million restaurant chain to rival McDonald’s and provide Russians with “an alternative to Western fast-food.”

09.04.2015 10:08

Ruble hits new 2015 record, resilient to sinking oil
The Russian ruble continues to hit new highs against the dollar and euro, passing 54 against the dollar on Wednesday, the strongest since mid-December, when a currency crisis blew out more than 30 percent of the ruble’s value in just two days.

08.04.2015 09:27