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.

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.

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.

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.

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.

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.

Obama rules out military conflict between US, Russia

Washington: President Barack Obama has said that the US policy of imposing tough sanctions on Russia after its actions in Ukraine has badly hit the Russian economy, but he ruled out a war between the two countries amidst growing tension between them.

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.

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 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.

Kerry accuses pro-Russia rebels of `blatant Ukraine land grab`

US Secretary of State John Kerry accused pro-Russian separatists on Wednesday of attempting "a blatant land grab" in fresh fighting in eastern Ukraine.

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.

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.

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 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.

Ex-minister Kudrin warns of "full-fledged crisis" in Russia

Russia`s government has pushed the country into an economic crisis by not tackling its financial problems fast enough, former finance minister Alexei Kudrin said on Monday, as evidence mounted of trouble spreading through the economy.

Putin says his grip on power is firm, economy will rebound

President Vladimir Putin vowed Thursday that Russia would rapidly recover from its financial crisis and said his grip on power was firm, even as new Western sanctions and a run on the ruble pile on the pressure.

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.

Ruble steady in Asia after Russia measures to halt collapse

The struggling Russian unit was at 61.59 to the dollar after plunging to 80 earlier in the week, and at 74.21 against the euro after previously hitting 100.

Russian economy faces 5% contraction: IIF economist

The sharp fall in oil prices and Western sanctions could combine to drive a five percent contraction of the Russian economy next year, an economist warned Wednesday.