Russian economy – Page 31 – THE OVAL CIRCLE

Capital flight from Russia drops nearly 10% in first six months of year

Posted on July 13, 2021July 13, 2021By Editor

The net capital outflow from the Russian Federation in January-June this year totaled $28.2 billion, the Central Bank of Russia (CBR) reported on Friday. … Read More >Capital flight from Russia drops nearly 10% in first six months of year

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Moscow spotlights need to block West’s attempts to trigger crisis in Russia

Posted on July 12, 2021July 12, 2021By Editor

In recent years, the Russian economy has proven its ability to preserve and strengthen its potential amid the unstable world economy and economic sanctions, Assistant to the Secretary of Russia’s Security Council Alexander Abelin also pointed out … Read More >Moscow spotlights need to block West’s attempts to trigger crisis in Russia

Russia raises GDP growth outlook as economy recovers faster than expected

Posted on July 10, 2021July 10, 2021By Editor

The Russian Ministry of Economic Development and Trade has raised its forecast for the growth of the country’s economy in 2021, despite new administrative restrictions on business activity due to the third wave of the pandemic. … Read More >Russia raises GDP growth outlook as economy recovers faster than expected

Russia’s economic growth speeds up to nearly 11% in May

Posted on July 3, 2021July 3, 2021By Editor

Russia’s gross domestic product (GDP) saw a year-on-year growth of 10.9% in May as the country gradually recovers from the Covid-19 pandemic, the economy ministry announced on Thursday. … Read More >Russia’s economic growth speeds up to nearly 11% in May

Russia’s agricultural growth will curb rising domestic food prices – Putin

Posted on July 3, 2021July 3, 2021By Editor

Russian President Vladimir Putin says this year’s harvest will help to lower food prices in the country. He explained that prices have risen due to a shortage of domestic produce and high dependence on imports. … Read More >Russia’s agricultural growth will curb rising domestic food prices – Putin

S&P upgrades Russia’s economic outlook for 2021

Posted on June 29, 2021June 29, 2021By Editor

S&P Global Ratings expects Russia’s economic growth to reach 3.7% this year. The agency has upgraded its previous forecast of 3.3%, published in March. … Read More >S&P upgrades Russia’s economic outlook for 2021

Russia ranked third in list of EU’s largest exporters

Posted on June 17, 2021June 17, 2021By Editor

The value of Russian merchandise exports to European Union countries amounted to €42.5 billion in January-April, according to Europe’s statistical office Eurostat. … Read More >Russia ranked third in list of EU’s largest exporters

Fitch Ratings upgrades Russia’s economic outlook for 2021

Posted on June 17, 2021June 17, 2021By Editor

International rating agency Fitch has raised its forecast for Russia’s economic growth this year from 3.3% to 3.7%, saying GDP growth will accelerate to 5.5% in the second half of 2021. … Read More >Fitch Ratings upgrades Russia’s economic outlook for 2021

Ruble strengthens to 11-month high as Russia squeezes out US dollar from its economy

Posted on June 17, 2021June 17, 2021By Editor

The Russian ruble has hit the strongest level against the US dollar since July 2020, as global crude oil prices are on the rise and the country continues to eliminate dollar holdings from its currency reserves. … Read More >Ruble strengthens to 11-month high as Russia squeezes out US dollar from its economy

Russian economy continues to rebound with huge surge in May

Posted on June 9, 2021June 9, 2021By Editor

Russia’s gross domestic product (GDP) expanded 10.7% year-on-year in April, according to the Ministry of Economic Development, which projected an “anomalously high” GDP growth for May. … Read More >Russian economy continues to rebound with huge surge in May