Russian economy news
Visit RT to read the latest news on the economy of Russia. Do not miss the latest updates on the news about the Russian petro-economy. Find all the latest news about the priorities for the economy of Russia, including GDP, trade activity, export and import, reforms in key sectors, business, sanctions, Oil War, and more. Check out RT for stories on President Vladimir Putin, Prime Minister Mikhail Mishustin, Economic Development minister Maksim Reshetnikov, Central Bank Governor Elvira Nabiullina, and so on. Get today’s news about Russia's economic shock amid the novel coronavirus pandemia. Turn to RT for today's news on how political and social changes affect the Russian economy. Check out RT for the latest stories on Russia’s economic policy and more. Stay with RT to be updated on severe economic consequences for Russia amid the CoVid-19 pandemia news that has gone viral in the media in recent months. Read experts’ and analysts’ opinions on news about the Russian economy being paralysed due to the outbreak of the virus, as well as the situation in the world in general.
- Putin calls for global effort to stabilize energy market as coronavirus crushes demand
Energy markets in Russia elsewhere in the world have experienced some serious shocks in recent months, Russian President Vladimir Putin has said. He called for a global effort to balance the energy market. - Coronavirus to shrink Russian economy by over 5% this year – Moody’sInternational rating agency Moody’s expects Russia’s gross domestic product (GDP) to drop by 5.5 percent in 2020 as the pandemic has resulted in the near-shutdown of the global economy.
- Russia to present initiatives on pandemic effects mitigation to BRICS states – LavrovMoscow will propose a number of initiatives to mitigate the consequences of the pandemic, including in social and economic spheres, to the BRICS bloc member nations, Russian Foreign Minister Sergey Lavrov said on Tuesday. He made the statement...
- Do Russian grain export limits threaten global food security?With the coronavirus crisis already triggering concerns over food security, some saw the depletion of Russian export quotas for grain as a new and alarming signal.
- Handing out free cash to citizens as part of coronavirus relief will lead to hyperinflation in Russia – Central BankDistributing money to people as part of coronavirus relief measures could be catastrophic in terms of inflation, according to the Bank of Russia Governor Elvira Nabiullina.
- Russia cuts key interest rate amid coronavirus lockdown & plunging oil pricesThe Bank of Russia slashed its interest rate by 50 basis points on Friday, for the first time since October 2019, to 5.5 percent. The regulator said that further reductions may follow soon.
- Russia has enough reserves to protect its people amid coronavirus pandemic – PutinRussia has everything it needs to cope with the coronavirus crisis, including a “healthy economy” and vast reserves, the country’s President Vladimir Putin has said.
- Holiday week, financial support for Covid-19 victims & taxes for rich: Putin lays out emergency virus planRussians will get a week of paid leave, with a boost to benefits for those most in need, while the wealthiest will have to pay more taxes. All among the measures announced by Vladimir Putin to deal with the effects of coronavirus.
- Putin calls for 15% tax on offshore funds as part of plan to stabilize Russian economyRussian President Vladimir Putin outlined a range of measures on Wednesday to tackle the economic impact of the Covid-19 outbreak. They included making sure that everyone pays their fair share of taxes.
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