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Articles with tag "Economy"

Round Two

Ruble Rocked by Rumors of Tough New Sanctions

U.S., U.K. could target oligarchs or use the “nuclear option” of blocking Russian bonds, Bloomberg reported.
ECONOMIC CYCLE

Has Russia Beaten Boom and Bust?

Russia has won plaudits for its macroeconomic handling of the coronavirus. Can other countries learn from its success?
‘DIFFERENT DATA’

Kremlin Rejects Research Showing Falling Incomes

Russians’ wallets have not been hit harder by the pandemic than those in other countries, the Kremlin claims.
HARD TIMES

Russia’s Small Businesses Are Suffering Despite Easing of Coronavirus Restrictions 

One in ten firms is preparing to close, warns the Kremlin’s business envoy.
BORROWING BINGE

Russia’s Government Debt Rose 40% in 2020

Frugality through the pandemic means Moscow still boasts one of the lowest debt levels in the world.
RAINY DAY FUNDS

Russian Household Savings Doubled During Pandemic

Economists say that mirrors a global trend, but could be a point of concern for the Russian economy.
SLOW AND STEADY

Russia's Growth Too Slow to Catch Advanced Economies – IMF

Lower oil prices and sanctions mean Russia will struggle to make up the difference with richer peers.
coronavirus recession

Russia's Economy Shrunk by 3.1% in 2020

President Vladimir Putin had hoped 2020 would present an opportunity to revive a stagnating economy.
CORONAVIRUS CRISIS

Pandemic Pushed Russians’ Household Finances to Decade Low

But Russia’s wider economy was one of the best performers last year.
FIXED PRICE

Russia's Food Price Cap Could Lead to Shortages

Government body flags “systemic risks” of capping prices of agricultural goods.
INVESTMENT DROUGHT

Russia Sees Lowest Foreign Investment Since 1994

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

Russian Car Industry 'Survived' 2020 Despite Pandemic

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

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.
GOLD BUG

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.
SLOW RECOVERY

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.
STAYING HOME

Russian Spending Down 40% on Black Friday

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