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Articles with tag "Economy"

PRICE CONCERNS

Russia Raises Interest Rates Again as Inflation Persists

Central Bank hikes rates to 5.5% and says inflation will remain elevated for at least another 12 months.
INEQUALITY

Russia’s 500 Super Rich Wealthier Than Poorest 99.8% – Report

Pandemic boosted fortunes of country’s wealthiest, while knocking living standards of the poorest.
GAINING GROUND

Ruble Hits 10-Month High as Economy Strengthens

The Russian currency is booking gains ahead of an expected interest rate hike and closely watched presidential summit in Geneva next week.
Emission Cuts

Russia Passes First Law to Limit Greenhouse Gas Emissions

Russia’s economy must be deeply restructured to catch up with global climate change reforms, Putin’s climate change envoy says.
SPIEF DEBATE

Russia’s Inflation Surge Is Not Temporary, Will Hurt Economy, Central Bank Warns

At ‘Russia’s Davos,’ Russia’s top economic policymakers debate how to tame price rises.
RAINY DAY FUNDS

Russia’s Currency Reserves Hit Record $600Bln

As oil prices have recovered, Moscow’s international reserves have continued climbing.
SOCIAL SUPPORT

World Bank Urges Russia to Adopt Guaranteed Minimum Income to Slash Poverty

Russia spends $30 billion on social welfare, but only 10% goes to the extremely poor.
BOUNCING BACK

Russia’s Economy Almost Hits Pre-Coronavirus Levels

GDP was down just 1% in the first quarter of 2021 compared to last year.
TIGHTENING UP

Russia Hikes Interest Rates in Battle to Tame Inflation

The regulator raised interest rates to 5% in a meeting Friday.
STATE OF THE NATION

Putin Announces New Cash Handouts, Familiar Policies in Pre-Election Pitch

Bonuses for families were top of the agenda in a state of the nation address focused on Russia’s domestic problems.
OUTFLOW

Sanctions Threat Pushes Foreign Share of Russian Debt to 6-Year Low

International investors hold less than 20% of Russia’s government debt for the first time in six years.
PANDEMIC WINNER

Goldman Sachs Russian Unit Sees Record Business Throughout Pandemic

Market volatility and multi-million dollar corporate deals push investment bank profits to new high.
ON THIS DAY

One Year On: How Russia’s Coronavirus Lockdown Hit the Economy

Russia avoided mass unemployment and a sharp fall in GDP but has one of the world’s highest excess death tolls.
‘NET POSITIVE’

Could Russia Benefit From the Suez Canal Blockage?

The Kremlin wants to use the grounding of the Ever Given ship to promote its Northern Sea Route and counter European concerns over Nord Stream 2.
PAYBACK

Russians’ Debt Burden Hits Record High – Central Bank

The average Russian borrower is spending more of their income repaying debt than ever before.
BIG SPENDER

Russian Government Spending Sets Post-Soviet Record

Pandemic response took state spending to its highest ever level in real terms.
PRESSURE POINT

‘We Need Our Government’: Surging Food Prices Put Kremlin on Edge

Food prices are rising fast in Russia and the government has rolled out temporary price caps, but discontent is simmering.
pinching kopecks

Russians See Rising Prices as Country’s Biggest Problem – Poll

Several months of inflation have driven up prices for basic commodities like sugar, sunflower oil and pasta.
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?
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