Russian President Vladimir Putin has extended the nationwide ‘vacation period’ until May 11, and said the government plans to slowly reopen the economy after that, The Moscow Times reports.
The coronavirus pandemic continues to cause havoc in the country, with 6,411 confirmed new coronavirus infections Tuesday, bringing the country’s official...
International rating agency Moody’s expects that Russia’s national GDP will decline by 5.5% in 2020 but will grow by 2.2% in 2021, the agency said on Tuesday, according to TASS.
The rating agency lowered the outlook for Russian GDP growth to 0.5% on March 25 on the back of falling...
Russia has increased its production of liquefied natural gas (LNG) by over 17 percent in the first two months of 2020 despite the difficult market situation, Energy Minister Alexander Novak has said, according to RIA Novosti.
"Over the past year, LNG production has increased by over 50 percent compared to...
The economic crisis following the coronavirus pandemic may be worse than the global financial crisis of 2008-2009 and the state needs to quickly respond to the changing situation, the Deputy Chairman of the Russian Security Council Dmitry Medvedev said at a meeting of the presidium of the party’s general...
Russian oil producer Tatneft has cut its output by around a fifth this month, before a global supply deal takes effect in May, because storage capacity is full and European demand is weak, according to sources and data seen by Reuters.
Facing an historic oversupply, Russia and a number of...
The Russian government is doing its utmost to support all groups of the country’s population, without distinguishing any privileged class, Russian presidential spokesman Dmitry Peskov told the media on Tuesday, according to TASS.
"No, there is no such plan and there should not be any. There are measures to support...
Russia's retail sales rose more than expected in March spurred by panic buying ahead of the lockdown to stem the coronavirus outbreak and as the ruble's plunge boosted demand for imported goods before shelf prices increased, Reuters reported.
Retail sales, the gauge for consumer demand, Russia's key economic growth driver,...
There are no reasons for oil prices to return to high levels but the new OPEC+ oil production cut deal can make fluctuations smoother, press secretary of the Russian President Dmitry Peskov said on Monday in an interview with the Rossiya-24 TV Channel.
"There is no occasion to expect the...
The Russian government reported 87,147 cases on Monday, which is almost 4,000 more than China’s official toll of 83,912. Almost 6,200 new infections were registered in the past 24 hours, making Russia the country with the second-biggest number of cases, Vedomosti reports.
The actual number of infections in both countries...
