Monday, August 19, 2019
The extraction of raw materials and their processing remains a key driver of Russia’s economy despite the government’s efforts to diversify and boost hi-tech industries, Nezavisimaya Gazeta writes. An analysis of Russia’s GDP over the past five years carried out by the Center of Development Institute at the Higher...
Economic ties between India and Russia in priority sectors should deepen and diversify to meet the bilateral trade target of $30 billion by 2025, India’s commerce ministry said on Tuesday, according to Regnum. This was emphasized by Russia's Deputy Prime Minister Yuri Trutnev and Commerce and Industry Minister Piyush Goyal...
The price of gold is set to skyrocket in the next months amid an escalating U.S.-China trade war, and Russia, which has been stockpiling the precious metal, is set to profit, RFE/RL reports. While upgrading Russia’s debt rating, credit rating agency Fitch said last week that the country “will continue...
Economic growth in Russia picked up to 0.9% in the second quarter of 2019 in year-on-year terms from 0.5% in the first three months of the year, preliminary data by the Federal Statistics Service (Rosstat) revealed on Monday, according to Reuters. The Russian central bank said in late July it...
The five largest sports betting operators in Russia nearly doubled their revenue last year on the back of the FIFA World Cup being played in their back yard, CalvinAyre.com reported. The country’s five biggest bookmakers hit 110 billion rubles ($1.7billion) in total revenue last year, up more than 86% from...
The Russian economy is very likely to experience monthly deflation in August, but consumer prices will be up 4.4-4.5% in year-on-year terms, the economy ministry said on Wednesday, according to Reuters. Deflation may come at 0.2-0.0% due to falling prices for vegetables and fruit, the ministry said. Annual inflation in Russia...
Тhe International Monetary Fund (IMF) says in its latest report on Russia that low oil prices have had a more serious impact on the country’s economy than sanctions, Gazeta.ru reports.  Western sanctions imposed on Russia slowed the growth of the Russian economy by an average of 0.2 percentage points per...
A prominent Moldovan businessman and ex-leader of Moldova’s ruling-turned-opposition Democratic Party, Vladimir Plahotniuc, has been charged in absentia of setting up and participating in a criminal group, Interfax reports. Judge Anatoly Belyakov of the Tverskoy court in Russia’s capital on Monday ruled to "satisfy the investigator’s motion and place Plahotniuc...
The ruble proved resilient to other emerging-market assets collapsing on Monday, after the latest round of U.S. sanctions proved less severe than investors feared, Bloomberg reports. While developing-nation assets tumbled on Monday as the U.S.-China trade war escalated, the ruble climbed for the first time in seven sessions and bonds...
The United States formally withdrew from the Intermediate-Range Nuclear Forces Treaty with Russia Friday, as the U.S. military prepares to test a new non-nuclear mobile-launched cruise missile developed specifically to challenge Moscow in Europe, according to a senior defense official, CNN reported. Washington’s withdrawal puts an end to a landmark...