Russian economy – Page 32 – THE OVAL CIRCLE

Dumping the dollar: Russia gets ready to shift currency liquidity to the euro

Posted on June 8, 2021June 8, 2021By Editor

Russian authorities are planning to shift the nation’s currency liquidity from the US dollar to the euro, the country’s Finance Ministry announced on Monday. … Read More >Dumping the dollar: Russia gets ready to shift currency liquidity to the euro

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US sanctions against Moscow are a ‘persistent risk’ but national reserves can withstand everything, says Russian Central Bank head

Posted on June 4, 2021By Editor

The threat of more sanctions hanging over Moscow is a “persistent risk” for Russia, but the country has increased its cash reserves and changed its banking policy to keep any potential dangers from economic measures under control. … Read More >US sanctions against Moscow are a ‘persistent risk’ but national reserves can withstand everything, says Russian Central Bank head

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Going for gold: Russia to eliminate US dollar from sovereign wealth fund THIS MONTH amid warning of politics sabotaging currency

Posted on June 4, 2021June 4, 2021By Editor

Russia’s sovereign wealth fund will take a punt on gold and slash $40 billion of US currency entirely out of its investment portfolio amid growing tensions with Washington, the country’s finance minister announced on Thursday. … Read More >Going for gold: Russia to eliminate US dollar from sovereign wealth fund THIS MONTH amid warning of politics sabotaging currency

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Moscow among top 3 cities worldwide for tackling Covid-19 crisis while keeping life going & economy open, Ernst & Young says

Posted on June 3, 2021June 3, 2021By Editor

Moscow dealt with Covid-19 better than almost every major city in the world by allowing businesses to remain open, avoiding mass unemployment, and preventing an economic catastrophe, all while keeping the virus under control. … Read More >Moscow among top 3 cities worldwide for tackling Covid-19 crisis while keeping life going & economy open, Ernst & Young says

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Russia enters global top ten for house price growth, with real estate values shooting up as elites bring money home from abroad

Posted on June 3, 2021June 3, 2021By Editor

With properties changing hands for more and more cash, and a fast-growing real estate sector, Russia is now among the top ten nations for rising house prices, overtaking historic safe bets for investors such as the United Kingdom. … Read More >Russia enters global top ten for house price growth, with real estate values shooting up as elites bring money home from abroad

Putin orders Russian government to bring domestic prices under control

Posted on May 3, 2021May 3, 2021By Editor

Russian President Vladimir Putin has given the government until July 1 to stabilize domestic prices for goods. … Read More >Putin orders Russian government to bring domestic prices under control

Russian economy returns to growth after pandemic-fueled downturn

Posted on April 23, 2021April 23, 2021By Editor

Russia’s GDP expanded 0.5% in March, data from the Ministry of Economic Development shows. It marks the first monthly growth since the coronavirus pandemic began to affect the Russian economy one year ago. … Read More >Russian economy returns to growth after pandemic-fueled downturn

Putin outlines national priorities to restart economy & raise living standards as Russia emerges from Covid crisis

Posted on April 23, 2021April 23, 2021By Editor

The Russian government took unprecedented measures to support the economy through the coronavirus pandemic, saving five million jobs, President Vladimir Putin said on Wednesday in his annual address to the Federal Assembly. … Read More >Putin outlines national priorities to restart economy & raise living standards as Russia emerges from Covid crisis

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Wanna move to Moscow? ‘Golden passport’ proposal means foreigners buying property or investing in Russia could soon earn residency

Posted on April 16, 2021April 16, 2021By Editor

A Russian government committee has approved proposals that would simplify the process of obtaining a residency permit for foreigners who buy real estate or put at least ten million rubles ($130,000) into the country’s economy. … Read More >Wanna move to Moscow? ‘Golden passport’ proposal means foreigners buying property or investing in Russia could soon earn residency

Fitch upgrades Russia’s growth outlook, projecting economic activity surge

Posted on March 22, 2021March 22, 2021By Editor

International ratings agency Fitch has improved its outlook for the growth of the Russian economy in 2021 from 3% to 3.3%. Higher oil prices helped to improve the forecast, it said. … Read More >Fitch upgrades Russia’s growth outlook, projecting economic activity surge