Russian economy news
Follow RT for the economy of Russia, which is a mixed economy and multi-layered industrial-agricultural economic complex, based on the socio-economic development of the state. Get details and information on the formation and development of the Russian economy. Russia’s geography is a very important element of the country’s economic activities, as reportedly Russia has more than 30 percent of the world’s natural resources. Visit RT.com for news and information about natural resources in Russia. Russia’s economy is based on the energy sector: oil, natural gas, etc. Russia is considered the world’s largest exporter of natural gas and the second largest exporter of petroleum. Find the latest news and reports on Russia’s exports and economic relations with other states, especially those who buy natural resources from Russia (a number of EU states, Turkey, Switzerland, Ukraine, and so on.) There have been a number of gas disputes fueled by Ukraine’s refusal to pay for Russian gas imports. Follow RT for news on the gas conflict between the two countries. Since 1997, Russia has held an annual international event in St. Petersburg called the St. Petersburg International Economic Forum (SPEF), which brings together world leaders, CEOs of the largest international companies, etc. Don’t miss the news and updates on the St. Petersburg International Economic Forum held in Russia.
- Russian economy shows strong signs of recovery from coronavirus plunge
The Russian economy shrank 3.6 percent in the third quarter, improving by more than half from the eight-percent drop during the previous quarter, when the government shut down the economy to try to contain the Covid-19 outbreak.Nov 13, 2020 08:29Business News - Russian economy to cope with coronavirus shock better than expected – European CommissionThe European Commission has improved its forecast for the Russian economy, while downgrading its global outlook, as the coronavirus crisis continues to batter the world economy.Nov 8, 2020 13:54Business News
- Second Covid-19 wave will accelerate Russia’s GDP decline, but economy will do better than European peers – KudrinThe Russian economy may perform worse than the government expects this year, Russia’s Accounts Chamber head, Alexei Kudrin, warned. However, the contraction would be in line with the global forecast and not as deep as in Europe.Oct 6, 2020 07:31Business News
- Russian ruble will recover despite current volatility, Kremlin saysThe ruble will undoubtedly rebound from recent losses as it has done before, Russian presidential spokesman Dmitry Peskov said after the currency touched multi-month lows on Tuesday.Sep 29, 2020 07:26Business News
- Coronavirus crisis not as bad for Russian economy as 2008 financial crash – Alexei Kudrin to RTThe Russian economy is coping better with the Covid-19 pandemic than it did after the global financial crisis, the head of Russia’s Accounts Chamber and ex-finance minister, Alexei Kudrin, said in an exclusive interview with RT.Sep 28, 2020 13:54Business News
- Economy now more important than military expenses, Russia's budget plans showRussia is set to cut military spending next year in favor of boosting the national economy, marking the first time in seven years the two areas have traded places in the government’s budget plans.Sep 19, 2020 12:50Business News
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