Russian economy – Page 30 – THE OVAL CIRCLE

Russian gem miner boosts output to 23.3 million carats

Posted on October 17, 2021October 17, 2021By Editor

Russian diamond miner Alrosa increased production by 26% in the third quarter of 2021, according to the latest data released by the company. … Read More >Russian gem miner boosts output to 23.3 million carats

Russia holds world’s fifth-largest gold & foreign currency reserves

Posted on October 15, 2021October 15, 2021By Editor

Russia has reached a historic record in international reserves, ranking fifth in the world after China, Japan, Switzerland and India, the Accounts Chamber said after an audit of the country’s gold and foreign exchange holdings. … Read More >Russia holds world’s fifth-largest gold & foreign currency reserves

Russian ruble climbs to highest against US dollar since July 2020

Posted on October 15, 2021October 15, 2021By Editor

The ruble continued to strengthen against the US dollar on Friday, reaching levels last seen in July 2020. The Russian stock market MOEX also surged, hitting a record high on rising oil price prices. … Read More >Russian ruble climbs to highest against US dollar since July 2020

S&P upgrades Russia’s economic growth outlook for 2021

Posted on September 30, 2021September 30, 2021By Editor

International rating agency S&P has improved its outlook for Russia’s GDP growth this year to 4% from its previous forecast of 3.7%, according to a survey released on Tuesday. … Read More >S&P upgrades Russia’s economic growth outlook for 2021

Russian economy ‘practically restored’ to pre-pandemic level – President Putin

Posted on August 25, 2021August 25, 2021By Editor

The Russian economy is nearing its pre-Covid-19 pandemic level, President Vladimir Putin said on Sunday at a meeting with representatives of the United Russia party. … Read More >Russian economy ‘practically restored’ to pre-pandemic level – President Putin

Russians dump US dollar savings in favor of euro & other foreign currencies

Posted on August 14, 2021August 14, 2021By Editor

The Central Bank of Russia purchased $196 million worth of foreign currency on the domestic market on Thursday amid a surge in currency sales among Russian citizens. … Read More >Russians dump US dollar savings in favor of euro & other foreign currencies

Russia’s foreign exchange reserves grow by more than $9 billion in July

Posted on August 9, 2021August 9, 2021By Editor

Russia’s gold and foreign currency holdings grew by more than 1.5% last month and amounted to $601 billion, according to the latest data published by the country’s central bank. … Read More >Russia’s foreign exchange reserves grow by more than $9 billion in July

Russian finance ministry expects country’s economy to grow 4% this year – report

Posted on August 4, 2021August 4, 2021By Editor

Russia’s Ministry of Finance is projecting steady GDP growth of more than 4% in 2021, while raising the outlook for inflation to more than 5%, Vedomosti newspaper reported on Wednesday, citing officials. … Read More >Russian finance ministry expects country’s economy to grow 4% this year – report

S&P maintains Russia’s stable economic outlook despite sanctions and pandemic

Posted on July 22, 2021July 22, 2021By Editor

Rating agency Standard & Poors (S&P) has confirmed Russia’s foreign currency sovereign credit rating at BBB-/A-3, giving it a stable outlook … Read More >S&P maintains Russia’s stable economic outlook despite sanctions and pandemic

Russia

Russia less reliant on oil & gas as economic recovery in other sectors fuels country’s rapid return to growth, new report reveals

Posted on July 15, 2021July 15, 2021By Editor

While the stereotype is that Russia measures the size of its economy not in rubles but in barrels, a recent rally has seen the country on track for significant growth, with oil and gas making up a smaller fraction than before. … Read More >Russia less reliant on oil & gas as economic recovery in other sectors fuels country’s rapid return to growth, new report reveals