IMF expects the Russian economy to grow by 1.7 % this year
Russia IMF expects the Russian economy to grow by 1.7 % this year The IMF's latest World Economic Outlook sees Russian GDP growth slowing next year to 1.5 %, which is in line with the IMF's ...
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Rosneft completes sale of 15 % stake in Vankorneft to the Indian ONGC
Rosneft completes sale of 15 % stake in Vankorneft to the Indian ONGC The Indian state energy company ONGC Videsh this week acquired a 15 % stake in Rosneft subsidiary Vankorneft for $1.3 billion. Th...
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Yamal peninsula LNG production comes on stream
Yamal peninsula LNG production comes on stream Novatek's massive liquefied natural gas (LNG) project includes e.g. gas production, liquefaction plants and a harbour for shipping LNG. The first ph...
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Russian and ASEAN leaders meet in Sochi
Russian and ASEAN leaders meet in Sochi Russia has been a full dialog partner with the Association of Southeast Asian Nations (ASEAN) since 1996. Last week, the third joint summit was held in Sochi. ...
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Impacts of Eurasian Customs and Economic Unions on the Kazakhstan market become clear
Impacts of Eurasian Customs and Economic Unions on the Kazakhstan market become clear Even before Russia, Belarus and Kazakhstan established the Eurasian Customs Union (EACU) and unified their import...
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Growth in Finnish-Russian trade cooled in 1Q18
Russia Growth in Finnish-Russian trade cooled in 1Q18 Finnish goods exports to Russia in the first quarter remained at roughly the same level as in 1Q17. The export trend was in line with Russian go...
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Russian economic growth accelerated
Russia Russian economic growth accelerated Rosstat’s preliminary estimate puts third-quarter GDP growth at 1.7 % y-o-y, well above the 0.7 % rate for the first six months of this year. The...
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Russian economy began to contract in April
Russia Russian economy began to contract in April The impacts of Russia’s unprovoked attack on Ukraine are now beginning to emerge on a wider scale throughout the Russian economy. The scale of impac...
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Russian export earnings near all-time highs; capital outflows increase
Russia Russian export earnings near all-time highs; capital outflows increase Preliminary balance-of-payments figures from the Central Bank of Russia show that the value of Russia’s exports of goods...
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Russian central bank keeps key rate unchanged
Russia,economy Russian central bank keeps key rate unchanged Last Friday (July 28), the governing board of the Central Bank of Russia decided to hold its key rate at 9 %. The board noted that inflat...
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The ruble continues to appreciate
Russia The ruble continues to appreciate The ruble’s official exchange rate dropped sharply after Russia invaded Ukraine, falling as low as 120 rubles to the dollar at one point. Since then, the rub...
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Effects of the coronavirus on the Russian economy remain limited for now
Russia Effects of the coronavirus on the Russian economy remain limited for now As there is still large uncertainty on the duration and extent of the coronavirus epidemic, the potential impact on th...
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G7 countries move to reduce Russian export earnings
Russia G7 countries move to reduce Russian export earnings At the G7 summit held in late June, much of the discussion focused on dealing with Russia’s war in Ukraine and the knock-on effects to the ...
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Recent restrictions on Russian trade add to challenges facing Ukraine’s new leadership
Russia Recent restrictions on Russian trade add to challenges facing Ukraine’s new leadership The serious issues in Russia-Ukraine relations since the annexation of Crimea have been amplified by the...
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Ruble struggles and Russian share prices slide as US adds sanctions, oil prices fall and emerging markets face problems
Russia Ruble struggles and Russian share prices slide as US adds sanctions, oil prices fall and emerging markets face problems Since the end of July, the Russian ruble has lost about 6 % of its valu...
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Latest BOFIT forecast sees Russian economy contracting by 4 % this year and imports falling by 25 %
Russia Latest BOFIT forecast sees Russian economy contracting by 4 % this year and imports falling by 25 % While Ukraine bears the heaviest humanitarian and economic losses from Russia’s b...
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Number of confirmed covid-19 cases continues to grow; only moderate tightening of restrictions
Russia Number of confirmed covid-19 cases continues to grow; only moderate tightening of restrictions The daily number of new confirmed cases of covid-19 in Russia has exceeded 25,000 for the past t...
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Russian population declines slightly in 2018 as immigration flows drop considerably
Russia Russian population declines slightly in 2018 as immigration flows drop considerably According to Rosstat, Russia’s population was 146.8 million at the end of the year. However, the figure inc...
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CBR opens representative office in Beijing
CBR opens representative office in Beijing The Central Bank of Russia opened its first overseas office last week in Beijing, making it the 13th representative office of a foreign central bank in that...
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Exports of Russian military technology hold steady
Exports of Russian military technology hold steady Russia’s Federal Service for Military-Technical Cooperation (FSMTC) reports the value of military technology exports last year amounted to $15.5 bi...
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