Articles with tag "Economy"

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).
Central Bank

Russia May Be Done Raising Rates After 2018 Hikes, Central Banker Says

Russia's central bank will not need to raise interest rates further if it considers the impact of its two rate increases last year to be enough
opinion
Leonid Bershidsky

The Troika Laundromat Shows How Not to Combat Money Laundering

Focus on shady transactions, not the banks themselves.
money matters

8 Russians Named Among World’s 100 Richest Billionaires — Forbes

The richest Russian on the list was Leonid Mikhelson, who came in 32nd place overall.
opinion
William Courtney

Investing in Russia’s Future

The arrest of Michael Calvey might help focus minds on the value of foreign investment and reform for Russia’s economic future.
Face value

CCTV Cameras Are Tracking Down Debtors in Moscow, Official Says

Some 1,500 photographs of debtors have been uploaded into the facial-recognition system so far.
hidden money

Russia’s Black Market Totaled 20% of GDP in 2018 – Reports

The shadow economy last year was bigger than Russia's total federal budget spending allocated for 2019.
opinion
Anna Andrianova

Putin Prepares for New Cold War with Tight Economic Policies

Now Russia is growing again despite adopting one of the most tightfisted budgets of any major economy.
Domestic pivot

The Highlights of Putin’s Federal Assembly Address

Putin gave a speech to 2,000 senior government officials on Wednesday.
Kudrin's take

Detention of Investor Is an 'Emergency' for Russian Economy, Kudrin Says

Michael Calvey was detained on Thursday after accusations of embezzlement.
opinion
Leonid Bershidsky

Why Russia Can Afford to Jail U.S. Investors

Michael Calvey had become a legend in the Russian market, in part because of his reputed aversion to any kind of foul play.
Baring Vostok

Kremlin Says Investor Arrest Won't Hurt Business Climate

Analysts are disturbed by the arrest of Michael Calvey.
Crunch Time

In Search of Better Quality of Life, Russians Lean on Credit

Personal loans in Russia have grown by 46 percent over the past year.
Spooked

Russian Markets Waver at Prospect of Tough New U.S. Sanctions

The threat of new U.S. sanctions rocked Russian markets on Thursday.
news

Expect Slower GDP Growth in 2019, Russia’s Economic Ministry Says

The growth rate last year was attributed to a tenfold increase in construction figures.
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