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Russian economy

News

Russians go to polls in parliamentary election

Russians are going to the polls in a parliamentary election, expected to give the ruling United Russia party even greater dominance of the lower house.

Russians are going to the polls in a parliamentary election, expected to give the ruling United Russia party even greater dominance of the lower house.

Business

Russian key interest rate unchanged

Russia's central bank has kept it key interest rate unchanged at 10.5 percent even as inflation falls.

Russia's central bank has kept it key interest rate unchanged at 10.5 percent even as inflation falls.

Business

Rosneft's quarterly net profit falls 75 percent

Rosneft's quarterly net profit fell by 75 percent as crude oil prices declined, but Russia's top oil producer also blamed heavy investment in the period.

Rosneft's quarterly net profit fell by 75 percent as crude oil prices declined, but Russia's top oil producer also blamed heavy investment in the period.

Business

Russian interest rates on hold, inflation outlook uncertain

Russia's central bank has left its main lending rate at 11 percent and signalled that it is not looking at cuts to the cost of borrowing anytime soon as it focuses on keeping inflation under control.

Russia's central bank has left its main lending rate at 11 percent and signalled that it is not looking at cuts to the cost of borrowing anytime soon as it focuses on keeping inflation under control.

Business

Avtovaz boss Bo Andersson is out following sales slump

Russian car ,manufacturer Avtovaz has dumped its chief executive Bo Andersson after the Lada maker reported a record loss following slumping sales.

Russian car ,manufacturer Avtovaz has dumped its chief executive Bo Andersson after the Lada maker reported a record loss following slumping sales.

News

Moscow authorities defend bulldozing of small businesses

The authorities in Moscow have defended their right to demolish small businesses they say are illegal and unsafe. Last week they sent bulldozers to

The authorities in Moscow have defended their right to demolish small businesses they say are illegal and unsafe. Last week they sent bulldozers to

Business

To Russia with cash: Chinese tourists offset fall in Western visitors

Russia is enjoying a tourism boom of Chinese visitors who have become the largest group of foreign visitors with numbers more than doubling last year compared with 2014.

Russia is enjoying a tourism boom of Chinese visitors who have become the largest group of foreign visitors with numbers more than doubling last year compared with 2014.

Business

Russian recession set to deepen says central bank

Russia's economy is set to dip deeper into recession according to the latest central bank forecasts as the Kremlin looks at selling stakes in state owned companies.

Russia's economy is set to dip deeper into recession according to the latest central bank forecasts as the Kremlin looks at selling stakes in state owned companies.

Business

Russia economy shrank 3.7% in 2015, inflation up 13%, retail sales fall 10%

Russia's economy contracted by 3.7 percent in 2015 according to the government statistics service in Moscow. They said retail sales fell by 10 percent and capital investment by 8.4 percent.

Russia's economy contracted by 3.7 percent in 2015 according to the government statistics service in Moscow. They said retail sales fell by 10 percent and capital investment by 8.4 percent.

Business

Rouble hits new lows, Kremlin unruffled

The rouble slumped to new record lows on Thursday, threatening more hardship for ordinary Russians, but the Kremlin denied the currency was collapsing.

The rouble slumped to new record lows on Thursday, threatening more hardship for ordinary Russians, but the Kremlin denied the currency was collapsing.

News

Russia enforces stricter currency exchange rules

Russia has put into force measures to keep a closer eye on exchanges from rubles to foreign currency. The Russian Central Bank has decreed that

Russia has put into force measures to keep a closer eye on exchanges from rubles to foreign currency. The Russian Central Bank has decreed that

Business

Iran boosts gas export capacity with eye on post-sanctions era

The Russian President Vladimir Putin on his first visit to Iran in eight years has held talks with Supreme Leader Ali Khamenei. Ostensibly for a

The Russian President Vladimir Putin on his first visit to Iran in eight years has held talks with Supreme Leader Ali Khamenei. Ostensibly for a

Business

Russia cuts interest rates

Russia’s central bank has cut its main lending rate by one percent as inflation slows and the economy struggles. After a scheduled monetary policy

Russia’s central bank has cut its main lending rate by one percent as inflation slows and the economy struggles. After a scheduled monetary policy

Business

Sberbank defies forecasts for profitable Q1

Sanctions-hit Russian bank Sberbank has reported better-than-expected profits, even if they are 58% down on the previous year. Sberbank made a Q1

Sanctions-hit Russian bank Sberbank has reported better-than-expected profits, even if they are 58% down on the previous year. Sberbank made a Q1

Business

Putin calls for Russian businesses to fill the sanctions gap

Russian President Vladimir Putin, hosting a business forum in Moscow, has told domestic industries they should expand before western sanctions are

Russian President Vladimir Putin, hosting a business forum in Moscow, has told domestic industries they should expand before western sanctions are

Business

Rouble slides as Russia buys foreign exchange

With the rouble at a six-month high Russia’s central bank has resumed buying foreign currency, a sign the government thinks it’s high

With the rouble at a six-month high Russia’s central bank has resumed buying foreign currency, a sign the government thinks it’s high

News

Putin swats down Russian worries on annual televised call-in

Concerning everything Russians want to know about their president’s worldview, once a year, Vladimir Putin accepts their questions, sent through a

Concerning everything Russians want to know about their president’s worldview, once a year, Vladimir Putin accepts their questions, sent through a

Business

Russia to cut its deficit woes by dipping into its savings

Russia will dip into its emergency reserve fund to the tune of more than 50 billion dollars to stop its deficit, hit by falling oil prices and a

Russia will dip into its emergency reserve fund to the tune of more than 50 billion dollars to stop its deficit, hit by falling oil prices and a