Monday, August 8, 2022
Russia’s economy is seeing consumption begin to increase off the back of low inflation, Russian central bank Governor Elvira Nabiullina said on Wednesday, according to Reuters. Russia’s economy ministry said on Monday it expects inflation to stay below the central bank’s target of 4 percent, if there are no weather-related...
The number of Russian tourists traveling to Gulf countries is expected to increase by 38 percent by 2020, new data published by Arabian Travel Market 2018 reveals. The study underlines the importance of Russian tourists to the Gulf, saying their presence will be a "significant boost to the regional tourism...
The President of Kazakhstan Nursultan Nazarbayev is in the U.S. where he met on Tuesday with U.S. President Donald Trump. The main purpose of his visit is a speech at the United Nations where Kazakhstan holds the Presidency of the Security Council for January, RFE/RL reports. Nazarbayev, the leader of...
After the March presidential election, the new Russian government should invest more in education and healthcare to help spur economic growth, the World Bank’s chief executive officer said on Tuesday. “What we agree is that the new political cycle opens opportunities for new policy ideas to be brought forward,” World...
Top Russian businessmen are becoming anxious as the U.S. administration is applying finishing touches to a new set of economic and travel sanctions against Moscow, Radio Free Europe/Radio Liberty reports. The punitive measures are expected to target an expanded list of secondary companies as well as Kremlin-connected insiders and business leaders. In...
The Russian rouble hit a 7-1/2 month high on Monday, helped by a weaker U.S. dollar, local month-end tax payments and higher oil prices. At 0751 GMT, the rouble was 0.54 percent stronger against the dollar at 56.33, a level that hadn’t been seen since early June of 2017, and...
Russian Deputy Foreign Minister Sergei Ryabkov said on Saturday that a new round of U.S. sanctions expected against Moscow is an attempt to influence Russia’s domestic affairs ahead of this year’s presidential elections, Reuters reported. As part of a long-standing rift in which Washington accuses Moscow of alleged meddling in the...
After experiencing its longest economic recession this century, Russia may have also noted its shortest recovery, Bloomberg reports. According to the U.S. bank JPMorgan Chase, Russia has ended 2017 with two consecutive quarters of decline or a technical recession, which is a surprising cooling that stretches from troubled consumer spending to...
Trade turnover between Russia and China increased by 20.8 percent last year. In that way, the trade rose to 84 billion dollars, figures released by the Chinese customs authority show. According to the estimates of the General Administration of Customs, Chinese export to Russia rose 14.8 percent to 42.9...
Russian President Vladimir Putin said that the Russian economy has recovered and is growing. After the recession of 2015 and 2016, the Russian GDP also grew last year, Russia Today reports. “The positive dynamic in the Russian economy goes on. We have a lower than expected budget deficit; our gold and...

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