Articles with tag "Economy"

Empty pockets

A Majority of Russian Families Have No Savings, Poll Says

Western sanctions and dropping oil prices have hit Russian consumers' savings accounts.
Price tag

Russia Loses $30Bln a Year in Post-Crimea Investment Climate – Economist

Up to $300 billion has been lost since Russia annexed Crimea from Ukraine in 2014, economist Sergei Guriev said.
Green growth

Abramovich Partner’s Marijuana Business Returns Him to Forbes’ Richest Russians List

Roman Abramovich's associate Andrei Bloch reportedly owns a 28-percent stake in a U.S. cannabis company.
Online growth

Internet Added $60Bln to Russia’s Economy in 2018, Study Says

E-commerce accounts for about half of Russia’s 3.9 trillion ruble internet economy.
Wealth inequality

Richest 3% Russians Hold 90% of Country’s Financial Assets – Study

Conversely, the poorest 20 percent of Russians owned 6 percent of all financial assets.
Economic pessimism

Half of Russians Say They’ll Never Live to See a Decent Salary – Survey

On average, Russians named 66,000 rubles ($1,000) as a decent monthly salary.
opinion
Ben Aris for bne IntelliNews

Russia’s Consumers Still Glum but Businesses Becoming Optimistic for 2019

Russia proved to be a tale of two cities as 2019 got under way.
red noticed

Russia Asks Interpol to Arrest Kremlin Critic Bill Browder Again

Browder has become one of the most vociferous Western critics of Kremlin chief Vladimir Putin.
opinion
Bruno Maçães

Russia’s New Gold Rush Could Shake Up the International Monetary System

Russia and China might be considering a gold-backed digital currency.
winding down

Ford Sells Russian Car Stocks, Discounts Cars at 10-20%

Ford will close two assembly plants and one factory because the passenger vehicle market in Russia is no longer profitable.
Head-scratcher

Official Poll Shows Russians Too Poor to Afford Shoes, Puzzling Kremlin

“Why shoes? Why one-third? Where are these figures from?” Kremlin spokesman Dmitry Peskov said of the official survey.
Bourgeois billionaires

Russian Billionaires Grew $20B Richer in 2019 – Bloomberg

An estimated 89 percent of Russia’s wealth is owned by its richest 10 percent.
numbers rethink

Russia Revises Up 2018 Growth Data in Boost for Putin Target

Last year's results are just the latest positive surprise from an agency that went through a management shake-up after officials criticized its data.
Worth it

Russia’s Lumber, Wildlife, Water Resources Valued at $94Bln

The Russian economy relies heavily on its own natural resources.
Budget-friendly

Moscow Nose-Dives in Global Living Cost Rankings

The ranking change does not necessarily mean the cost of living automatically gets cheaper for people living there, one expert said.
Self worth

Russia's Natural Resources Valued at 60% of GDP

This is the first time Russia has officially estimated their value.
Cash evacuation

Russia Lost $750B to Capital Flight Since 1994 – Bloomberg

Some economists predict the trend will slow down in 2019.
Legacy revisited

Troika Laundering Claims Put Founder Vardanyan's Legacy in Focus

His public image as a businessman and philanthropist, carefully crafted over the years, is now under threat.
opinion
Leonid Bershidsky

Putin Turns Swathes of Russia Into Flyover Country

A major part of the country will be treated as a social and economic liability.
Billionaires club

98 Russian Billionaires Hold More Wealth Than Russians’ Combined Savings

The Russian billionaires’ total wealth topped Russian citizens’ bank deposits, which totaled 27.7 trillion rubles ($420.7 billion).
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