If the government raises value added tax and the central bank sees inflation risks from the move, it would be logical for the bank to keep interest rates higher ... Read More
Tokyo has prepared a range of offers to Moscow for joint economic projects on Russia’s Kuril Islands, according to Japan’s national broadcaster NHK. The package of proposals, including tourism ... Read More
A network of secret offshore deals and vast loans worth $2bn has laid a trail to Russia’s president, Vladimir Putin. An unprecedented leak of documents shows how this money has ... Read More
Moody’s, Fitch forced to stop national ratings under new rules Kremlin had condemned barrage of downgrades as political Vladimir Putin’s homegrown credit-ratings firm is up and running and foreign ... Read More
Kremlin needs to plug hole in budget stemming from crude slump Higher tax could cause output to drop from post-Soviet record While the world focuses on Russia’s Oil-freeze talks with ... Read More
President Vladimir Putin has said Russia will freeze this year’s oil output at January’s production level. An agreement was reached during his meeting with the heads of the country’s ... Read More
Senior OPEC and Russian oil industry officials stepped up vague talk on Monday of possible joint action to remedy one of the worst supply gluts in decades, while Saudi ... Read More
Russia’s economy contracted by 3.7% in 2015, according to preliminary figures published by the country’s statistics service. Retail sales plunged by 10% and capital investment fell by 8.4% in ... Read More
Winston Churchill is famously quoted as saying that: “Russia is a riddle wrapped in a mystery inside an enigma.” The past twelve months have surely proved how right he ... Read More
The Russian ruble strengthened against the dollar on Monday after President Vladimir Putin said there were no “fundamental economic reasons” for the currency’s slide, but analysts –and the country’s ... Read More
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