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Russian economy

Russia keeps stockpiling gold & foreign currency
Russian foreign exchange holdings grew by 0.7% over the week ending December 24, reaching $630.5 billion, according to the latest data from the central bank. Russia holds the world’s fifth-largest forex reserves.
Dec 31, 2021 10:01
Covid can’t hold back Russian economy – Putin
The Russian economy has proven to be better prepared for shocks related to the Covid-19 pandemic than other nations, President Vladimir Putin said on Thursday during his annual end-of-year press conference in Moscow.
Dec 23, 2021 12:44
Russia saving gold & kopeks for rainy day
Russia’s forex reserves have surged $2.7 billion in the week through December 10, with total holdings amounting to $622.8 billion, according to data revealed by the country’s Central Bank.
Dec 19, 2021 09:34
S&P maintains Russia’s stable economic outlook despite sanctions and pandemic
Rating agency Standard & Poors (S&P) has confirmed Russia’s foreign currency sovereign credit rating at BBB-/A-3, giving it a stable outlook.
Jul 19, 2021 11:28
Russia’s sovereign wealth fund cuts US dollar reserves to ZERO
Russia has eliminated US currency from its National Wealth Fund while boosting the share of the euro, the Chinese yuan and gold, the country’s Finance Ministry announced on Tuesday.
Jul 7, 2021 10:06
Russia to boost coal production & sales, will be world’s top exporter within decade
The world’s largest coal-producing country, Russia, plans to increase its output and exports over the next 15 years. Russia’s share of the global coal export market is projected to expand to 25 percent from the current 11 percent.
May 2, 2020 05:40
China boosts oil imports from Russia, while slashing purchases from Saudi Arabia
Shipments of Russian crude oil to China increased more than 30 percent in March compared to a year earlier while Saudi imports of the commodity sank, Reuters reported, citing Chinese customs data.
Apr 26, 2020 12:36

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