Russia plans for increased government spending, tighter monetary policy
Russia plans for increased government spending, tighter monetary policy Latest 3-year federal budget framework anticipates leap in military spending The Russian government last week approved a draft ...
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Inflationary pressures in Russia still on the rise
Russia Inflationary pressures in Russia still on the rise Retail sales and war-related industries drove output growth in October Russia’s ministry for economic development estimates that GDP grew by...
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Foreign bank lending to Russia has declined notably
Russia Foreign bank lending to Russia has declined notably The Bank for International Settlements (BIS) reports that the total lending of foreign banks to Russia at the end of 2017 amounted to $122 ...
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Russia and Belarus agree on deeper economic integration
Russia Russia and Belarus agree on deeper economic integration On September 9, the prime ministers of Russia and Belarus signed an agreement, blessed by presidents Vladimir Putin and Alexander Lukas...
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Russia’s foreign goods trade recovered; corporate capital outflow rose
Russia Russia’s foreign goods trade recovered; corporate capital outflow rose As expected, preliminary balance-of-payments figures from the Central Bank of Russia show that export revenues and impor...
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Costs to firms from regulatory practices discussed in Russia
Costs to firms from regulatory practices discussed in Russia Official inspections and Russia's new security-related laws were focal topics last year. Mikhail Abyzov, minister charged with improvi...
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Russia’s speedy economic recovery pushes up prices and wages
Russia Russia’s speedy economic recovery pushes up prices and wages The rapid economic recovery continued in May. Even if the pace of growth slowed or remained unchanged from previous months in many...
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Russia and OPEC agree to reduce oil output
Russia and OPEC agree to reduce oil output The Organization of Petroleum Exporting Countries, OPEC, announced on November 30 that it had reached agreement with its member countries on reducing crude ...
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Russia hopes to attract investment in the Arctic territory
Russia Russia hopes to attract investment in the Arctic territory Russia has recently approved new strategies framing its policy in the Arctic region. This is particularly topical as Russia is about...
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Fixed investment in Russia recovered in late 2020
Russia Fixed investment in Russia recovered in late 2020 Following a decline last spring, fixed investment was down by about 5 % y-o-y in real terms in both the second and third quarters. It re...
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Central Bank of Russia keeps key rate unchanged
Central Bank of Russia keeps key rate unchanged On February 12, the CBR decided to keep the key rate unchanged at 4.25 %. The decision was in line with the expectations of market analysts. The C...
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Presidents of Russia and Turkey try to repair economic relations
Presidents of Russia and Turkey try to repair economic relations Russia-Turkey relations cooled substantially last November after Turkey shot down a Russian fighter jet. Russia’s retaliatory measures...
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Russia’s disputes with neighbours complicate road transport
Russia’s disputes with neighbours complicate road transport With the closure of routes through Ukraine and Poland, Russian lorries have currently practically no land connection to Central Europe. Rus...
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High demand for Russia’s Deposit Insurance Agency funds
High demand for Russia’s Deposit Insurance Agency funds Some 838 banks currently participate in Russia’s deposit insurance scheme. The arrangement covers the deposits of a private individual up to 1....
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Covid-19 cases continue to rise in Russia, consumers increasingly cautious
Russia Covid-19 cases continue to rise in Russia, consumers increasingly cautious The number of confirmed coronavirus cases in Russia has climbed steadily since early September. In the first days of...
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Central Bank of Russia keeps its key rate unchanged
Russia Central Bank of Russia keeps its key rate unchanged At its meeting on October 23, the CBR decided to keep the key rate unchanged at 4.25 %. The decision was in line with market analyst e...
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Russia pension terms will tighten gradually for certain government workers
Russia pension terms will tighten gradually for certain government workers A recent change in the law affects those with official posts mainly in administration at federal, regional and municipal lev...
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Russia’s recession has slightly reduced income differences
Russia’s recession has slightly reduced income differences Rosstat reports a narrowing of income disparity a bit similar to that seen in the 2009 recession. Nominal incomes in 2015 per family member...
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Russia’s fixed investment structure continued to shift last year
Russia’s fixed investment structure continued to shift last year After declining 1.5 % in 2014, the volume of fixed capital investment in the Russian economy declined by over 8 % last year. Rosstat e...
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Russia charts near depletion of Reserve Fund next year
Russia charts near depletion of Reserve Fund next year Under the current federal budget draft, 90 % of the budget deficit will be financed with money from the state Reserve Fund. The finance ministry...
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