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Articles with tag "Economy"
opec+ alliance
Russia to Cut Oil Output by 471,000 Bpd in 2Q24
Deputy Prime Minister Alexander Novak said Moscow will reduce its output by 350,000 bpd in April, 400,000 bpd in May and 471,000 bpd in June.
holding steady
Russia’s Central Bank Holds Rates Amid High Inflation
Prices rose by 7.4% on an annual basis in January, Russia's federal statistics office said earlier this week — well ahead of the Central Bank's official...
2 Min read
rising prices
Russia’s High Inflation Persists in January Data
The Kremlin's sweeping militarization of the economy has helped confound predictions that the campaign could trigger an economic collapse, but has led...
2 Min read
consumer prices
Russian Inflation Unexpectedly Slows in December
The Kremlin hopes to present the economy as an area of strength ahead of presidential elections this March.
1 Min read
pivot east
Russia Says Redirected Most Oil Exports to China, India
Western sanctions including a European Union embargo on its seaborne oil deliveries have forced Russia to direct its exports to other markets.
2 Min read
tmt lecture series
Impact from Russian Sanctions on the Global Economy and Energy Industry
Dmitry Zhdannikov explains how Russia's invasion of Ukraine and Western sanctions on Moscow have resulted in a major shift in global energy flows and political...
1 Min read
frozen funds
Germany Says Moving To Seize 720Mln Euros in Russian Assets
Der Spiegel identified the Russian bank as a unit of the Moscow stock exchange and said it had parked the funds at the German subsidiary of JP Morgan Chase...
2 Min read
scrambled shoppers
Rising Egg Prices Show Cracks in Sanctions-Hit Russian Economy
In a scene reminiscent of the Soviet Union, videos showed people queueing in the snow in the hope of getting cheaper-priced eggs at an agricultural fair...
2 Min read
opinion
Anders Aslund
Why the Russian Economy’s Luck is Running Out
The positive economic figures from 2022 are exceptional. Sanctions and high capital flight are showing Russia's true economic weakness.
5 Min read
contraction over
Russian Economy Expands for Second Quarter Running
The economy expanded by 5.5% year-on-year in the third quarter after contracting in the same period last year, according to the state statistics agency...
2 Min read
rising prices
Russia Inflation Accelerates to 6.7%
Rising prices have caused concern for the Kremlin and Russia's Central Bank, which has raised interest rates to 15% in a bid to battle inflation.
2 Min read
hard exit
Russia Introduces New Currency Controls for Exiting Companies to Prop Up Ruble – FT
The new restrictions add to existing rules requiring foreign companies that seek to leave the country to sell their Russian assets at a discount and pay...
2 Min read
'above expecations'
Russia Raises Interest Rates to 15% on Inflation Fears
“Current inflationary pressures have significantly increased to a level above the Bank of Russia’s expectations,” the Central Bank said.
2 Min read
opinion
Alexei Gusev
Ukraine War Is a Financial Boon for Small-Town Russia, But Can It Last?
More and more people are demanding explanations from local officials. And they’re not satisfied with answers that claim all decisions are taken in Moscow...
4 Min read
sour prediction
IMF Lowers Russia’s 2024 GDP Growth Forecast
The updated growth forecast placed Russia at the bottom of the IMF's list of major emerging markets and developing economies.
1 Min read
100 per dollar
Ruble Falls Further But Putin Says Economy 'Stable'
The Russian currency fell by as much as 101.46 rubles to the dollar in morning exchanges before paring down some losses.
1 Min read
export limits
Putin Urges Action Over Fuel Price Rise
Russia's government announced last week it was temporarily limiting exports of petrol and diesel fuel to "stabilize" the domestic market, amid reports...
1 Min read
key rate
Russia Raises Interest Rates to 13% Amid Inflation Concerns
The move is the second rate hike in two months following an emergency meeting in August held after the Russian ruble fell below 100 against the U.S. dollar...
3 Min read
Feature
Falling Ruble Dents Russia’s Image Among Central Asian Migrant Workers
The Russian economy relies on millions of migrant workers. A weak currency has many looking elsewhere for opportunities.
5 Min read
currency cut-off
Binance Restricts Russian Clients to Ruble Transactions
Binance’s restrictions follow reports on a U.S. Justice Department investigation into the company's possible violation of sanctions against Russia....
2 Min read
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