Russia’s Economic Development Minister Maxim Reshetnikov has ruled out the possibility of a sovereign default in Russia similar to the one the authorities announced in 1998, Lenta.ru reported.
During an interview on Russia’s Channel One, Reshetnikov answered "No" to a question if there is at least a minimal probability of...
The losses for Russia’s economic sectors which are worst-hit by the coronavirus pandemic could reach 17.9 trillion rubles ($239 billion), while up to 15.5 million people could lose their jobs, a new macroeconomic study by the National Rating Agency (NRA) says, according to Izvestia.
The crisis will deal a heavy...
Russian venture investments amounted to at least $868 million in 2019 (excluding exits), up 13% year-on-year, EWDN.com wrote citing a yearly report from DSight, a business intelligence agency focusing on the Russian venture market.
Although this performance remains very modest by international comparison (USA: $136 billion, UK: $14.3 billion, Germany:...
Forbes magazine has compiled its latest list of Russia’s 200 richest entrepreneurs, 102 of whom were billionaires at the end of 2019.
The aggregate fortune of the 200 richest Russian businessmen dropped by $40 billion last year to $456 billion, according to the rating.
The owner and CEO of metals and...
The Bank of Russia has received four applications from banks interested in the purchase of the Asian-Pacific Bank, which the regulator rescued in 2018 as part of its Banking Sector Consolidation Fund, RBC reported citing a statement from the central bank.
"The Bank of Russia announced the completion of receiving...
Data from the Bank of Russia shows that major Russian banks and foreign investors could help Moscow raise funds to finance its response to the coronavirus outbreak, the regulator has said, according to TASS.
On Wednesday, the finance ministry sold 97 billion rubles ($1.29 billion) worth of OFZ treasury bonds,...
Russian President Vladimir Putin on Wednesday announced a new package of measures to support businesses hit by the economic fallout of the coronavirus pandemic, Reuters reports.
In his fourth televised address in as many weeks about the outbreak, Putin promised direct financial support to businesses hit hardest by the nationwide...
The opinion of Russian citizens toward President Vladimir Putin has become more negative for a third consecutive year as he pursues constitutional changes that will allow him to extend his rule through 2036, according to a survey published by independent pollster Levada Center on Tuesday.
The share of respondents who...
A group of liberal economists has called on the Russian government to dramatically boost its economic relief measures amid the coronavirus crisis by letting the Bank of Russia increase the money supply and handing over large cash payments to Russian citizens.
In an article published by Liberal.ru, the experts argue...
Real incomes of Russian citizens could drop by 12% in 2020 and the unemployment rate may grow to 12.1%, the Center for Strategic Research (CSR) says in its weekly monitoring of the business environment in the country, according to Finmarket.
The sharp devaluation of the ruble, the coronavirus crisis, and...
