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Articles with tag "Economy"

Crude Price

Russian Budget Sees Lowest Break-Even Oil Price in Over a Decade

President Vladimir Putin is not taking any chances as he sticks to a tight fiscal policy.
Long Read

Long Read: 20 Years of Russia's Economy Under Putin, in Numbers

Ben Aris and Ivan Tkachev explore how Russia has been transformed under Putin's leadership by going through the numbers.
Big lender

17 Countries Owe Russia $27Bln – Reports

Another $13 billion of Russia's lending overseas is unaccounted for.
Growth Slows

Russian Industrial Output Below Expectations at 2.8% Growth in July

Industry has been showing uneven and disappointing dynamics in the beginning of 2019.
Adviser Gone

Putin’s Iconoclastic Economics Guru to Lose Kremlin Post

The economist known for challenging Russia’s tight-money policies is leaving the Kremlin after seven years.
opinion
Sergey Guriyev

20 Years of Vladimir Putin: The Transformation of the Economy

EBRD Chief Economist Sergey Guriev on the two decade achievements and challenges of Putin's economy.
debt trap

Relentless Rise of Consumer Debt in Russia Fuels Bubble Fears For Some

After five years of shrinking real incomes many Russians are borrowing to make ends meet.
Ignorance is bliss

Russia Dodges Bad Data With Less Frequent Publications

At least three state-backed agencies started publishing data less frequently when it reflected a poor economy and lagging public opinion.
Sluggish Growth

Russia Records Slightly Improved but Still Weak GDP Growth of 0.9%

Economists speculate that the pick up was due to an improvement in industry and an easing pace of contraction in the wholesale trade sector.
Income inequality

14% of Russians Are Considered Middle Class – Official Data

The analysis categorized those who are able to afford a mortgage and a car lease and have some cash leftover afterward as being middle class.
central bank

Net Capital Outflow from Russia Increases by 1.6 Times to $28Bln

The outflow was mainly due to banks' operations, which have steadily been paying down external liabilities and building up their foreign assets.
Investment Rating

Fitch Upgrades Russia’s Rating, Returning It to 2014 Level

The rating agency cited Russia’s strengthened policy mix, low external debt and robust fiscal health as reasons for the upgrade.
economic stagnation

Now It’s Trump’s Fault That Putin’s Economy Just Won’t Grow

The U.S. president’s trade war with China has weighed on the global economy.
buffer zones

Russia’s Top Borrowers Join Calls to Let Banks Use Domestic Ratings

There is a movement to allow Russian agencies to set banks’ capital buffers, which the central bank is resisting.
Vulnerable population

1 in 4 Russian Children Live Below Poverty Line, Official Data Says

“They will feel deprivation ... at every stage of their life,” one economist said.
Help wanted

Russia’s Workforce Shrinks for Third Year Straight, Research Says

“The labor force reduction has been happening since 2016 but the process has now accelerated,” researchers wrote.
Lost Growth

Impact of Sanctions on Russia's GDP Less Severe Than Low Oil Prices - IMF

The fall in oil prices cost the country on average $48.75 billion in lost economic growth per year.
Twice as Nice

Russia's National Welfare Fund Doubled in July to $124 Billion

The sudden rise was caused by the Minstry of Finance adding cash it siphons off from oil revenues.
de-dollarization

Putin’s Pledge to Ditch the Dollar Is Slowly Becoming a Reality

The Russian president wants to lower the economy’s vulnerability to U.S. sanctions.
opinion
Leonid Bershidsky

Putin Can’t Afford to Speed Up Russia’s Economy

The Russian president would rather sit on his hands than risk disturbing the fragile political balance that ensures his power.
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