Russian economy – Page 35 – THE OVAL CIRCLE

World

Censorship detected? Russian Embassy says NYT ‘refused’ to publish comparative Covid-19 death statistics in official’s letter

Posted on May 21, 2020July 11, 2020By Editor

Russia’s Embassy in the US has accused the NYT of refusing to publish a comparison of the Covid-19 death rates in Moscow, London, and New York. The paper earlier accused Russia of “underreporting” the death rate from the disease. … Read More >Censorship detected? Russian Embassy says NYT ‘refused’ to publish comparative Covid-19 death statistics in official’s letter

Dump the dollar: Russia has now gotten rid of over 96% of its US debt holdings

Posted on May 19, 2020June 15, 2020By Editor

Moscow has continued to sell off US Treasury securities, cutting its stockpile by US$8.73 billion in March, according to the latest data from the US Department of the Treasury. … Read More >Dump the dollar: Russia has now gotten rid of over 96% of its US debt holdings

Russia fills coffers with gold & adds $2.5 billion to forex reserves during coronavirus peak

Posted on May 15, 2020June 15, 2020By Editor

Russian gold and foreign currency holdings have hit $566 billion as of May 1, according to the latest data released by the country’s central bank. International funds grew by $2.53 billion, or 0.4 percent, last month. … Read More >Russia fills coffers with gold & adds $2.5 billion to forex reserves during coronavirus peak

Russia’s gold & near-zero debt give it best chance of thriving in post-coronavirus apocalypse – Max Keiser

Posted on April 19, 2020June 15, 2020By Editor

The coronavirus pandemic has popped a quadrillion-dollar financial bubble and we can expect a very deep and prolonged period of adjustment, RT’s veteran business commentator Max Keiser believes. … Read More >Russia’s gold & near-zero debt give it best chance of thriving in post-coronavirus apocalypse – Max Keiser

Russia has enough reserves to protect its people amid coronavirus pandemic – Putin

Posted on April 19, 2020June 15, 2020By Editor

Russia has everything it needs to cope with the coronavirus crisis, including a “healthy economy” and vast reserves, the country’s President Vladimir Putin has said. … Read More >Russia has enough reserves to protect its people amid coronavirus pandemic – Putin

Russia

Covid-19 quarantine could cost Russia $242 BILLION as oil price fall starts to hit budget income

Posted on April 17, 2020June 15, 2020By Editor

There are storms, and there are ‘perfect storms.’ Just days after negotiations between Russia, the US and Saudi Arabia led to a deal on crude output, there are clear signs of more turbulent seas ahead. … Read More >Covid-19 quarantine could cost Russia $242 BILLION as oil price fall starts to hit budget income

Russian unemployment may more than TRIPLE due to business shutdown amid coronavirus quarantine

Posted on April 13, 2020June 15, 2020By Editor

The economic crisis triggered by Covid-19 can leave up to 8 million Russians out of work and the situation in the labor market may not improve till the end of the year, the head of Russia’s Accounts Chamber has warned. … Read More >Russian unemployment may more than TRIPLE due to business shutdown amid coronavirus quarantine

Exporters like Russia won as Covid-19 fears pushed grain market up, but now veggies may get sliced & diced

Posted on April 10, 2020June 15, 2020By Editor

Coronavirus tanked global markets, but for grain producers like Russia, the pain was eased by a surge in prices. More bad news is on the horizon, however, as virus-induced labor shortages threaten the fruit and vegetable supply. … Read More >Exporters like Russia won as Covid-19 fears pushed grain market up, but now veggies may get sliced & diced

Putin announces additional measures to support Russian economy & business amid coronavirus pandemic

Posted on April 8, 2020June 15, 2020By Editor

Russian President Vladimir Putin has instructed the government and the Central Bank to develop an additional business support program amid the COVID-19 outbreak. The program should be finalised within five days, he said. … Read More >Putin announces additional measures to support Russian economy & business amid coronavirus pandemic

Coronavirus emergency plan could cut Russia’s economic growth

Posted on March 30, 2020June 15, 2020By Editor

Paid holidays announced by the Russian government to prevent the spread of Covid-19 will come at the expense of economic growth, but support for struggling businesses may offset the negative effects, analysts believe. … Read More >Coronavirus emergency plan could cut Russia’s economic growth