Support The Moscow Times!

GDP Growth Promising

Russia's gross domestic product grew 3.2 percent in March year on year, while in the whole of the first quarter the economy grew 4 percent, Economic Development Minister Elvira Nabiullina said Monday.

"The [growth] rate does not look high, but a change of the nature of economic expansion stands behind the numbers," Nabiullina told a meeting at the ministry. "The phase of post-crisis recovery growth is over, accumulation of inventories has stopped."

In February, the economy grew 4.8 percent year on year.

(Reuters)

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.