News Russia Financial: Russian Economy Crumbling as Officials Reveal Inflation Set to Soar to 20%
Vladimir Putin's invasion of Ukraine is expected to hit the pockets of Russians hard with inflation for the rest of the year set to soar. Alexei Kudrin, chairman of Russia's accounts chamber, a ...
News Russia Financial: Russia estimates its oil output could fall as much as 17% this year, signaling worst crash since the 1990s, report says
Russia's economy ministry estimated oil production at 433.8 million to 475.3 million tonnes this year, down from 524 million tonnes in 2021.
News Russia Financial: Russia's GDP decline could hit 12.4% this year, economy ministry document shows
Russia expects the economy to contract by 8.8% in 2022 in its base case scenario, or by 12.4% under a more conservative scenario, an economy ministry document showed on Wednesday, further evidence ...
News Russia Financial: Ukraine and Russia: What you need to know right now
Russia halted gas supplies to Bulgaria and Poland for rejecting its demand for payment in roubles, taking direct aim at European economies in its toughest retaliation so far against international sanctions over the war in Ukraine.
News Russia Financial: Russia to cover budget deficit with rainy-day fund in 2022, FinMin says
Russia's National Wealth Fund (NWF), a rainy-day cushion containing oil revenues, will be the main source of financing for a budget deficit seen at 1.6 trillion roubles ($21.6 billion) or more in 2022, the finance minister said on Wednesday.
News Russia Financial: EXPLAINER: What’s behind Russia’s natural gas cutoff?
Russia's Gazprom says it is halting natural gas supplies to Poland and Bulgaria, escalating tensions between the Kremlin and Europe over energy and Russia's invasion of Ukraine — and adding new urgency to plans to reduce and then end the continent's dependence on Russia as a supplier of oil and gas. Here are key things to know about the natural gas situation in Europe: WHAT DID RUSSIA DO? State-controlled Russian energy giant Gazprom said it was...
News Russia Financial: The euro just hit a 5-year low against the dollar as Russia's halt in gas flows darkens economic prospects for Europe
Russia's war with Ukraine will have "severe economic consequences for Europe," the IMF warned, flagging soaring commodity prices in the euro-area.
News Russia Financial: Bank of Russia suggests complete crypto ban
A damning report by Russia’s central bank has slammed cryptocurrency as a pyramid scheme that could destabilise the economy. The dossier – ‘Cryptocurrencies: trends, risks, measures’ – warns the ...
News Russia Financial: Explainer-Russia's Financial Health Amid Geopolitics-Driven Market Sell-Off
The Russian stock market has lost around 20% since hitting record highs in October, the rouble has fallen to a more than eight-month low and yields on Russia's 10-year benchmark OFZ state bonds spiked ...
