President Vladimir Putin has signed a law prolonging counter-sanctions against Western countries that have imposed measures on Russia. Restrictions will be in force until the end of next year, TASS news agency reports.
The move comes after the European Union extended last week its own sanctions against Russia, imposed in...
Well-known Russian entrepreneur David Yakobashvili told Russian media on Monday that he doesn’t plan to return to the country after security services searched his art gallery, though he later denied this was the reason for his staying away, the BBC in Russian reported.
Earlier this month, Russia’s Federal Security Service...
As anti-Russian and anti-government protests continue in Georgia’s capital Tbilisi, Moscow’s decision to suspend flights with the Caucasus neighbor and the closing of the door for Russian tourists will hurt the Georgian economy, analysts told Kommersant.
The new crisis in Russian-Georgian relations could undermine Georgia’s economy, according to Georgian experts...
Russia’s economy is growing, albeit slow, and the country’s labor force is continuing to decline, VTB Capital said in a note following the release of state statistics for May, according to Intellinews.
Real wages have been stagnating for almost six years now and real wages growth decelerated again from +3.1% y/y...
Western economic restrictions have deprived the Russian economy of $50 billion, but the European Union has been hit harder, losing $240 billion since 2014, Russian President Vladimir Putin said, RT reported.
Other countries also felt the impact of anti-Russian sanctions, Putin said as he answered citizens’ questions during the annual...
In the first quarter of 2019, money transfers from Russia to Uzbekistan reached $818 million, the Central Bank of Russia stated, Qazaq Times reports.
A total of $340 million was sent to Uzbekistan by Russian citizens, and $478 million - by citizens of Uzbekistan and citizens from other countries. The...
Russian gross domestic product (GDP) growth slowed to 0.2% in May from a revised rate of 1.7% in the previous month, the Russian Economy Ministry said on Friday, according to Gazeta.ru.
The Bank of Russia said this month it had lowered its 2019 GDP forecast to 1.0-1.5% from 1.2-1.7%.
Russia’s economy...
An April 4 decree from the Russian government allowed a subsidiary of Russian state-owned technology firm Rostec to not disclose its owners, directors or other key corporate information in its latest quarterly earnings report, according to the Kharon Brief.
The company, called Production Association Urals Optical & Mechanical Plant...
Investors in Russian companies are getting ready for record payouts as the beginning of the dividend season begins, as the percentage of profits that companies are sharing with their shareholders is at an all-time high both in terms of dividend yields and the amount of cash they are handing...
The leaders of the European Union have agreed to prolong economic sanctions against Russia for another six months over its continued destabilization of Ukraine, the European Council said, according to Reuters.
The EU's economic sanctions against Moscow over Ukraine include curbs on Russian energy, defense, and financial sectors and are...
