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Articles with tag "Economy"
military spending
World Bank Upgrades Russia to ‘High-Income’ Country
“Economic activity in Russia was influenced by a large increase in military-related activity in 2023,” the World Bank said.
overheated economy
Russian Inflation Rises Once Again in May
Increases in government expenditure have supported Russia's economy but also triggered surging prices and labor shortages.
1 Min read
plugging the shortfall
Russia Is Preparing New Tax Hikes. Here’s Why.
As military spending soars, the Finance Ministry seeks to move away from the flat income tax that was long a cornerstone of Putin’s economic policy.
5 Min read
opinion
Ekaterina Kurbangaleeva
Russia's Soaring Wartime Salaries Are Bolstering Working-Class Support for Putin
Many formerly badly paid Russian blue-collar workers have seen their salaries skyrocket since the full-scale invasion of Ukraine, far outpacing inflation...
5 Min read
militarized economy
Military Spending Pushes Russian Economic Growth Up
Putin denied that Russia's vast military spending — which he said had passed 8% of GDP — had hit unsustainable levels.
2 Min read
opinion
Nick Trickett
Russia’s New Defense Minister Faces Thankless Economic Task
There is no viable way to sustain a system that destroys future growth by throwing young lives and resources into grisly and unproductive ends.
5 Min read
'good trend'
Russians Returning From Abroad Help Boost Kremlin’s War Economy – Bloomberg
The returnees contributed between one-fifth and one-third of Russia’s 3.6% GDP growth in 2023, according to Bloomberg’s estimates.
2 Min read
wobbling currency
Russia Holds Rates After Putin Urges Caution
Speaking to business leaders on Thursday, Putin had stressed the need to be "careful" over when to start cutting rates.
2 Min read
improved outlook
IMF Raises Russia’s Growth Forecast for 2024
Russia’s economy is expected to grow 3.2% this year, up from the previous forecast of 2.6% issued in January.
1 Min read
six more months
Russia Extends Curbs on Money Transfers Abroad
The restrictions will be in effect between April 1 and Sep. 30, Russia's Central Bank said.
1 Min read
under pressure
Russia's Central Bank Keeps Rates at 16% Amid Stubborn Inflation
"Over the medium term, the balance of inflation risks is still tilted to the upside," the regulator said in a statement.
2 Min read
opec+ alliance
Russia to Cut Oil Output by 471,000 Bpd in 2Q24
Deputy Prime Minister Alexander Novak said Moscow will reduce its output by 350,000 bpd in April, 400,000 bpd in May and 471,000 bpd in June.
2 Min read
holding steady
Russia’s Central Bank Holds Rates Amid High Inflation
Prices rose by 7.4% on an annual basis in January, Russia's federal statistics office said earlier this week — well ahead of the Central Bank's official...
2 Min read
rising prices
Russia’s High Inflation Persists in January Data
The Kremlin's sweeping militarization of the economy has helped confound predictions that the campaign could trigger an economic collapse, but has led...
2 Min read
consumer prices
Russian Inflation Unexpectedly Slows in December
The Kremlin hopes to present the economy as an area of strength ahead of presidential elections this March.
1 Min read
pivot east
Russia Says Redirected Most Oil Exports to China, India
Western sanctions including a European Union embargo on its seaborne oil deliveries have forced Russia to direct its exports to other markets.
2 Min read
tmt lecture series
Impact from Russian Sanctions on the Global Economy and Energy Industry
Dmitry Zhdannikov explains how Russia's invasion of Ukraine and Western sanctions on Moscow have resulted in a major shift in global energy flows and political...
1 Min read
frozen funds
Germany Says Moving To Seize 720Mln Euros in Russian Assets
Der Spiegel identified the Russian bank as a unit of the Moscow stock exchange and said it had parked the funds at the German subsidiary of JP Morgan Chase...
2 Min read
scrambled shoppers
Rising Egg Prices Show Cracks in Sanctions-Hit Russian Economy
In a scene reminiscent of the Soviet Union, videos showed people queueing in the snow in the hope of getting cheaper-priced eggs at an agricultural fair...
2 Min read
opinion
Anders Aslund
Why the Russian Economy’s Luck is Running Out
The positive economic figures from 2022 are exceptional. Sanctions and high capital flight are showing Russia's true economic weakness.
5 Min read
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