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INVESTMENT DROUGHT

Russia Sees Lowest Foreign Investment Since 1994

FDI was down 95% in 2020 amid the economic fallout of the pandemic.

Russian Car Industry 'Survived' 2020 Despite Pandemic

Russia saw new car sales decrease by 9.1% in 2020.

Russian Ruble Is World’s Most Undervalued Currency on Big Mac Index

The ruble’s slump in 2020 means Russia now has the cheapest Big Macs in the world, according to The Economist.

Pandemic Pushes Russia’s Gold Reserves Above U.S. Dollars For First Ever Time

Moscow has shifted its international reserves away from the U.S. currency over recent years.

Most Small Businesses Still Struggling, Warns Top Business Lobby

Small companies twice as likely to be hit by pandemic.

2021 LOOK AHEAD

Russia in 2021: Will the Economy Recover?

Russia’s economy is handling the coronavirus better than most. But austerity, bruised businesses and cautious consumers set the stage for a slow recovery...

PESSIMISTIC OUTLOOK

Russians’ Economic Optimism at Two-Decade Low – Poll

A Gallup poll found that only 6% of Russian respondents expect 2021 to be a year of prosperity.

2021 LOOK AHEAD

Russia in 2021: A Corporate Reckoning?

The pandemic exposed deep divides in Russia’s corporate world. How will the recovery play out?

Political Theater

Putin Urges Food Price Cap As Russian Economy Falters

The Kremlin has shunned a second lockdown. But the pandemic is still causing financial headaches.

Russian Spending Down 40% on Black Friday

Retail outlook darkens, as online boost fails to compensate for in-store slump.

Russia Should Extend Coronavirus Crisis Support – IMF

Its economy fared better than most but headwinds remain and recovery could be weak, the organization warned.

Russia Records 3.6% GDP Fall in Third Quarter

Economic slowdown moderated over summer months, official statistics show, but second wave has put the economy back under pressure.

Russia’s Ingushetia Region on Brink of Bankruptcy

The North Caucasus region is deep in the red. It could be the first domino to fall in a looming regional debt crisis.

Curfew Darkens Outlook for Moscow’s Night Spots

Amid weak support, some nightclubs are switching to day-time opening hours to keep business going.

MARKET RECOVERY

Russian Markets Rally as Counting Continues in U.S. Presidential Election

Despite a likely Biden victory and possible sanctions, the ruble also stands higher.

CORONAVIRUS RECESSION

Fresh Data Shows Russian Economy Suffering Broad Slowdown

Business surveys show activity in both services and manufacturing is in decline.

RETAIL SLOWDOWN

No Lockdown, But Russia's Shoppers Start Self-Isolating

Consumer spending has dropped to levels not seen since the first wave.

Russian Ruble Ends Painful Week in Red, All Eyes on U.S. Vote

Russian stock market at six-month low as analysts say ruble has been heavily “oversold.”

Russian Regions Face Looming Debt Crisis

As the second wave hits Russia’s regions hard, the costs are mounting for their fragile finances.

CORONAVIRUS RECESSION

Russia’s Economic Recovery Cooled Before Second Wave Struck

The impact is forecast to be weaker than the spring outbreak, but authorities have less options to support the economy this time.

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