Monday, 21.01.2019
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...
A bill on the legalization of private military companies will be submitted to the Russian parliament in the following weeks, Russia Today reported. In recent months, the military contractors have become known as private armies and their activity has been in the spotlight after the expansion of the Donbass conflict...
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...
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...
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...
Russia and Ukraine began the next round in their legal battle over a politically charged $3 billion Eurobond on Monday, Tass agency reported. The Court of Appeal in London is considering Ukraine's appeal against the decision of the High Court of London, which obliges Russia to pay $3 billion of the...
The list of 114 Russian politicians and 96 "oligarchs" the Trump administration released on Monday contains what Washington calls “people linked to Russian President Vladimir Putin”, a wide formulation used by the U.S. to include the whole Russian government, along with the most prominent Russian businessmen, on the list. On...
In line with UN Security Council resolution adopted last December, Russia has started to deport North Korean workers, Moscow’s ambassador to North Korea Alexander Matsegora told Russian journalists in New York. "Many governors have started to deport Koreans in order to report early implementation ," he said, adding that the...
The Bank of Russia said on Friday the deal between top oil-producing countries on production cuts, aimed at shoring up prices, may hit Russia’s economy in 2018, Reuters reported. OPEC and non-OPEC countries, including Russia, recently agreed to a joint restriction on crude supply for a second year, to reduce...
Russian President Vladimir Putin said he believes blockchain technology is the wave of the future, making it paramount that his country enters the race as early as possible, Bitcoinist reports. Putin spoke about the future of blockchain technology with Herman Gref, the head of Sberbank, Russia’s largest financial institution. The...