Russia-Ukraine War: What are the latest sanctions against Moscow and how will they hurt Russian economy
The White House has announced additional financial sanctions Thursday aimed at people in President Vladimir Putin's inner circle, and the State Department said it was imposing travel bans on 19 Russian oligarchs and dozens of their family members and associates.
Mar 04, 2022, 06:54 AM IST
Russian economy faces deep recession amid global pandemic and oil crisis: World Bank
The decline of Russian economic growth is further exacerbated by plummeting crude oil prices that dropped 53 per cent between January and May.In 2020, overall household consumption is expected to shrink by 4.9 per cent and gross fixed capital investment by 8 per cent.
Jul 07, 2020, 02:12 AM IST
Putin says lifting sanctions on Moscow will benefit all
Russian President Vladimir Putin says Western sanctions against Russia haven't worked and both Moscow and the West would benefit from lifting them.
Jun 06, 2018, 09:36 AM IST
Ruble hits all-time low, past 80.1 against dollar
The ruble hit a historic low on Wednesday as the dollar climbed past the 80.1 rubles level for the first time, exceeding the levels seen during the dramatic plunge of the Russian currency in December 2014.
Jan 20, 2016, 17:53 PM IST
Russia says recession over but economic pain goes on
An end to Russia's recession would imply an increase in GDP in the third quarter over the second, but Ulyukaev offered no quarter-on-quarter figures.
Nov 23, 2015, 22:19 PM IST
Russian crisis-hit economy slumped 4.1% in third quarter
Russia's economy shrank 4.1 percent in the third quarter this year, official statistics showed today, as a recession caused by low oil prices and Western sanctions over Ukraine continued to take its toll.
Nov 12, 2015, 23:20 PM IST
Russian economy to see positive growth in 2016
Russia is expected to see a positive growth of 2.3 percent in its economy next year, a leading Russian official has said.
Jul 28, 2015, 10:50 AM IST
World Bank improves outlook of Russia`s battered economy
The World Bank on Monday said it saw some improvement in Russia`s battered economy, predicting it would shrink by 2.7 percent this year and return to growth of 0.7 percent in 2016.
Jun 01, 2015, 21:06 PM IST
IMF sees less pessimistic outlook for Russian economy
The International Monetary Fund on Thursday announced a less pessimistic forecast for Russia`s economy, predicting no more than 3.4 percent contraction in 2015 and emergence from recession in 2016.
May 21, 2015, 20:56 PM IST
Vladimir Putin says Russian economy not in crisis
Russian President Vladimir Putin said Tuesday the country's economy was not in crisis and that the worst was over, as the central bank is set to meet this week to decide whether to lower the interest rate following the ruble's rebound.
Apr 28, 2015, 23:07 PM IST
Vladamir Putin says worst is over for Russian economy
President Vladimir Putin said Thursday the worst was over for Russia`s crisis-hit economy as he shrugged off widespread concerns over the impact of the Ukraine crisis in his annual phone-in.
Apr 16, 2015, 19:36 PM IST
Inflation-hit Russia sees fruit, veg prices jump 22% in January
Inflation-weary Russians saw the price of fruit and vegetables increase by 22 percent in January, the government said Wednesday, increasing pressure on households already reeling from an economic crisis.
Mar 04, 2015, 17:20 PM IST
Russia unveils $35 billion anti-crisis plan, silent on cuts to pay for it
Russia announced a $35 billion "anti-crisis" spending plan on Wednesday to bail out an economy battered by Western sanctions and falling oil prices, but gave few details of the deep cuts it said would be enacted this year to pay for it.
Jan 28, 2015, 18:40 PM IST
Russia attacks 'politically motivated' downgrade to junk rating
Moscow said S&P`s downgrade to `BB+` was motivated by the West`s current standoff with Russia over Ukraine.
Jan 28, 2015, 00:16 AM IST
Russian govt preparing 18bn euro anti-crisis plan: deputy PM
The Russian government is preparing to launch an "anti-crisis programme" to tackle the country's stalled economy at the cost of 1.375 trillion rubles (USD 21 billion), deputy prime minister Igor Shuvalov said.
Jan 22, 2015, 11:38 AM IST
Oil price plunge drags down Russian economy: EBRD bank
Russia`s battered economy will shrink by a far worse-than-expected 4.8 percent this year, as plunging oil prices add to fallout from the Ukraine crisis, the EBRD development bank forecast Monday.
Jan 19, 2015, 18:18 PM IST
Sanction-hit Russian state bank VTB receives $1.8 bn aid
Russia`s second largest bank VTB said Tuesday it has received 100 billion rubles ($1.8 billion) from the country`s national welfare fund, part of a plan to recapitalise the banking system hit by the falling ruble and Western sanctions.
Dec 30, 2014, 22:48 PM IST
Russian economy suffers first major contraction since 2009
Russia's economy shrank sharply in November and the rouble resumed its slide on Monday as Western sanctions and a slump in oil prices combined to inflict the first contraction in GDP since the global financial crisis.
Dec 29, 2014, 16:34 PM IST
Russian economy could shrink 4% next year: Minister
Finance Minister Anton Siluanov said on Friday Russia`s economy could suffer a 4-percent contraction next year and see a budget deficit of 3 percent.
Dec 26, 2014, 19:50 PM IST
Russian economy to rebound in two years at latest: Putin
President Vladimir Putin on Thursday sought to allay fears over the worst financial crisis of his 15-year-rule, saying the Russian economy would rebound in two years at most.
Dec 18, 2014, 16:20 PM IST
