Russian economy | Zee News

Advertisement

NewsRussian economy

Russian economy News

Russia-Ukraine war

04 Mar 2022

Russia-Ukraine War: What are the latest sanctions against Moscow?

The White House has announced additional financial sanctions Thursday aimed at people in President Vladimir Putin's inner circle, and the State Department said it was imposing travel bans on 19 Russian oligarchs and dozens of their family members and associates.

Russian economy

06 Jul 2020

Russian economy faces deep recession amid global pandemic and oil crisis: WB

The decline of Russian economic growth is further exacerbated by plummeting crude oil prices that dropped 53 per cent between January and May.In 2020, overall household consumption is expected to shrink by 4.9 per cent and gross fixed capital investment by 8 per cent.

06 Jun 2018

Putin says lifting sanctions on Moscow will benefit all

Russian President Vladimir Putin says Western sanctions against Russia haven't worked and both Moscow and the West would benefit from lifting them.

20 Jan 2016

Ruble hits all-time low, past 80.1 against dollar

The ruble hit a historic low on Wednesday as the dollar climbed past the 80.1 rubles level for the first time, exceeding the levels seen during the dramatic plunge of the Russian currency in December 2014.

23 Nov 2015

Russia says recession over but economic pain goes on

An end to Russia's recession would imply an increase in GDP in the third quarter over the second, but Ulyukaev offered no quarter-on-quarter figures.

12 Nov 2015

Russian crisis-hit economy slumped 4.1% in third quarter

Russia's economy shrank 4.1 percent in the third quarter this year, official statistics showed today, as a recession caused by low oil prices and Western sanctions over Ukraine continued to take its toll.

28 Jul 2015

Russian economy to see positive growth in 2016

Russia is expected to see a positive growth of 2.3 percent in its economy next year, a leading Russian official has said.

01 Jun 2015

World Bank improves outlook of Russia`s battered economy

The World Bank on Monday said it saw some improvement in Russia`s battered economy, predicting it would shrink by 2.7 percent this year and return to growth of 0.7 percent in 2016.

International Monetary Fund

21 May 2015

IMF sees less pessimistic outlook for Russian economy

The International Monetary Fund on Thursday announced a less pessimistic forecast for Russia`s economy, predicting no more than 3.4 percent contraction in 2015 and emergence from recession in 2016.

28 Apr 2015

Vladimir Putin says Russian economy not in crisis

Russian President Vladimir Putin said Tuesday the country's economy was not in crisis and that the worst was over, as the central bank is set to meet this week to decide whether to lower the interest rate following the ruble's rebound.

16 Apr 2015

Vladamir Putin says worst is over for Russian economy

President Vladimir Putin said Thursday the worst was over for Russia`s crisis-hit economy as he shrugged off widespread concerns over the impact of the Ukraine crisis in his annual phone-in.

04 Mar 2015

Inflation-hit Russia sees fruit, veg prices jump 22% in January

Inflation-weary Russians saw the price of fruit and vegetables increase by 22 percent in January, the government said Wednesday, increasing pressure on households already reeling from an economic crisis.

28 Jan 2015

Russia unveils $35 billion anti-crisis plan, silent on cuts to pay for it

Russia announced a $35 billion "anti-crisis" spending plan on Wednesday to bail out an economy battered by Western sanctions and falling oil prices, but gave few details of the deep cuts it said would be enacted this year to pay for it.

27 Jan 2015

Russia attacks 'politically motivated' downgrade to junk rating

Moscow said S&P`s downgrade to `BB+` was motivated by the West`s current standoff with Russia over Ukraine.

Russian government

22 Jan 2015

Russian govt preparing 18bn euro anti-crisis plan: deputy PM

The Russian government is preparing to launch an "anti-crisis programme" to tackle the country's stalled economy at the cost of 1.375 trillion rubles (USD 21 billion), deputy prime minister Igor Shuvalov said.

19 Jan 2015

Oil price plunge drags down Russian economy: EBRD bank

Russia`s battered economy will shrink by a far worse-than-expected 4.8 percent this year, as plunging oil prices add to fallout from the Ukraine crisis, the EBRD development bank forecast Monday.

Russian state bank

30 Dec 2014

Sanction-hit Russian state bank VTB receives $1.8 bn aid

Russia`s second largest bank VTB said Tuesday it has received 100 billion rubles ($1.8 billion) from the country`s national welfare fund, part of a plan to recapitalise the banking system hit by the falling ruble and Western sanctions.

29 Dec 2014

Russian economy suffers first major contraction since 2009

Russia's economy shrank sharply in November and the rouble resumed its slide on Monday as Western sanctions and a slump in oil prices combined to inflict the first contraction in GDP since the global financial crisis.

Russian economy

26 Dec 2014

Russian economy could shrink 4% next year: Minister

Finance Minister Anton Siluanov said on Friday Russia`s economy could suffer a 4-percent contraction next year and see a budget deficit of 3 percent.

18 Dec 2014

Russian economy to rebound in two years at latest: Putin

President Vladimir Putin on Thursday sought to allay fears over the worst financial crisis of his 15-year-rule, saying the Russian economy would rebound in two years at most.

Loading...