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Articles with tag "Economy"

stagnating economy

IMF Cuts Forecast for Russian 2019 GDP Growth to 1.2%, Calls for Reforms

The fund said the state's footprint needs to be reduced in favor of the private sector.
alarm signals

Kremlin’s Growth Hopes Face New Headwinds as Economy Sputters

Government officials have been insisting that the economy will perk up, but economists say that optimism may have been premature.
opinion
Andrei Kolesnikov

Why Government Economists Are Getting Nervous in Russia

The state has no intention of abandoning its strict control over the economy but has not been able to deliver results.
Industry debts

Putin's Huge Military Buildup Leaves Industry With Debt Hangover

The loan portfolio is more than 2 trillion rubles, costing as much in annual payments as the entire industry earns in profits.
Card declined

Visa and Mastercard May Soon Exit Russia Under Draft Law — Reports

If passed, the law would prohibit international payment systems from refusing to process transactions in compliance with sanctions.
anti-dumping

Russia Goes to WTO With Complaint About U.S. Steel Dumping Duties

The Russian complaint listed eight U.S. announcements between 1999 and 2019 that Russia said broke WTO rules.
High earnings

Russia's 100 Richest Officials Earned $1.1Bln Last Year – Forbes

Five women made it into Forbes' ranking of the top 100 earners in Russia's government.
big money

Arctic's Biggest Air Polluter Distributes $3.7Bln Cash Dividends to Owners

Nornickel has tripled payouts to its shareholders over the last three years.
Slow sales

Russian Car Market Keeps Declining in June, No Growth Seen in 2019

Recent reports also claimed that Russian car market could be shrinking faster than industry data suggests.
Economic policy

Russians Do Without as Government Squirrels Away $100 Billion

A weaker ruble benefits Russia’s export sector but hurts consumers by pushing up the price of imported goods, including food.
opinion
Leonid Bershidsky

Putin’s Big Bet on Gold Is Paying Off

Russia has been the biggest sovereign gold bug for years. Now others are following in its footsteps.
Economic crisis

Russia’s Middle Class Is Shrinking – Bank Report

"The middle class has become the biggest victim of the slowing economy."
work harder

Putin Tells Russians: Increase Productivity to Raise Standard of Living

Putin acknowledged that falling real incomes have made it harder for Russians to make ends meet.
Kudrin's warning

Top Russian Official Predicts Protest ‘Explosion’ if Economy Doesn’t Improve

Falling living standards and widespread poverty may spark the protests, Kudrin said.
sluggish growth

Fitch Cuts Its Russia Growth Forecast for 2019 to 1.2%

The cut follows similar action from the World Bank and was prompted by weak first quarter economic performance.
opinion
Filipp Sterkin

Putin’s Economy Does Not Grow by Decree

The International Economic Forum in St. Petersburg was not held in vain — it demonstrated clearly why the Russian economy is not developing. It boiled...
financial crimes

Europol Points to Russian Money as Biggest Laundering Threat

"There are billions of [dollars of] criminal money that are being taken out of the Russian economy," Europol said.
High-level connections

American Banker and Putin Ally Dealt in Access and Assets, Emails Reveal

The emails show the role of Western bankers in the days of Moscow's 2007 economic boom.
Unsavory tradition

Russia’s Top Auditor Kudrin Blasts Corruption in Legal System

“There are no stable rules, there’s no impartiality in … the arbitration of problematic disputes,” Kudrin said.
Slow outlook

World Bank Cuts Russia's 2019 Economic Forecast

The institution has downgraded its forecast of Russia’s growth at least two other times in 2019.
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