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Obama expands sanctions, threatens Russian economy

Last Updated: Thursday, March 20, 2014, 22:00

US President Barack Obama imposed sanctions on more Russian officials and a bank Thursday and threatened to target the broader Russian economy if Moscow escalates its actions against Ukraine.

IMF downgrades Russian economy outlook

Last Updated: Wednesday, June 19, 2013, 13:06

The International Monetary Fund (IMF) has lowered its forecast of Russian GDP growth in 2013 from 3.4 percent to 2.5 percent, head of the IMF mission said.

Russia to take $40 mn loan from World Bank

Last Updated: Wednesday, May 08, 2013, 09:23

The loan is part of the USD 121.26 million Forest Fire Response Project in Russia being co-financed by the Russian government.

Russia bans foreign banks from opening branches

Last Updated: Saturday, March 16, 2013, 10:42

The bill was adopted by the State Duma Feb 22 and approved by the Federation Council March 6.

WEF: Pat for developing world; rich nations asked not to relax

Last Updated: Saturday, January 26, 2013, 20:57

Rising unemployment levels and poverty eradication also emerged as key talking points at the World Economic Forum (WEF) gathering in this snow-clad town.

WEF: Job creation, reforms big challenges for world leaders

Last Updated: Thursday, January 24, 2013, 23:08

Pushing reformist measures to bolster investments and generating more job opportunities have emerged as the top challenges for global leaders gathered at the World Economic Forum as they deliberated on ways to boost sagging economic growth.

Critical challenges face Russian economy: WEF

Last Updated: Wednesday, January 23, 2013, 16:18

Russia is at a critical turning point in terms of economic, social and political development and faces crucial challenges for long term growth through 2030, says a World Economic Forum report.

Russia ready for possible economic meltdown: Putin

Last Updated: Thursday, August 16, 2012, 19:58

The Russian economy is prepared for a possible economic meltdown as a result of the slowing of global growth and the escalating eurozone debt crisis, President Vladimir Putin said Thursday.

Russia's capital outflow reaches $8 bn

Last Updated: Tuesday, May 15, 2012, 12:25

Net capital outflow from Russia amounted to some USD 8 billion in April, authorities said.

Russia among best performing economies: Putin

Last Updated: Thursday, January 12, 2012, 21:04

Russia's growth ticked up to 4.2 percent in 2011 from 4.0 percent in 2010, making it one of the three best performing major economies in the world, Prime Minister Vladimir Putin said on Thursday.

S&P confirms Russia ratings, concerned on succession

Last Updated: Wednesday, August 31, 2011, 20:09

Standard and Poor's Wednesday affirmed Russia's credit ratings and kept a stable outlook, noting the government still enjoyed relatively low debt but expressing concern over political uncertainty.