Friday, 24.05.2019
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...
An alleged Russian “front man” for Equatorial Guinea’s kleptocratic ruling Obiang family counts two notable Ukrainian businessmen among his associates, El Pais reported. One of the businessmen is a former security official who was once imprisoned for smuggling missiles to Iran, while the other is an arms dealer with business...
U.S. and Russian officials are looking for a way to postpone a planned summit between Donald Trump and Vladimir Putin, amid growing tensions between the two countries, Kommersant reported. A source close to the State Department told Moscow daily Kommersant that preparations for the meeting could begin this Friday after...
The ruble swung between gains and losses as investors braced for the announcement of new U.S. sanctions aimed at punishing the Kremlin for its backing of Syrian leader Bashar al-Assad, Reuters reported. Volatility on the Russian market has soared since Washington imposed fresh sanctions against Moscow on April 6, targeting major...
Nine out of 10 managers from large Russian companies highlighted the mounting government involvement in the economy as a negative trend, a poll conducted by global consultancy The Adizes Institute has shown. According to the survey conducted on request of media outlet RBC, the bulk of respondents consider the state’s...
As a slew of Western economic sanctions hits Russia’s economy, the government was forced to decrease military spending, which fell sharply in 2017 for the first time since 1998, a closely followed review said Wednesday. According to AFP, Russia's military expense last year came in at $66.3 billion (54.9 billion...