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Russia Economy

IMF Approves $17.5 Billion Loan Program For Ukraine

AP | PETER LEONARD | Posted 03.11.2015 | World

KIEV, Ukraine (AP) — The International Monetary Fund agreed Wednesday to extend $17.5 billion in loans to Ukraine as part of a program designed to p...

CUT TO JUNK

AP | Posted 04.22.2015 | World

NEW YORK (AP) — Moody's Investors Service says it has cut Russia's credit rating to junk grade, citing the crisis in Ukraine and a slide in oil pric...

Putin Spending Big On Military Modernization Despite Russia's Economic Woes

AP | VLADIMIR ISACHENKOV | Posted 04.06.2015 | World

MOSCOW (AP) -- Hundreds of new Russian aircraft, tanks and missiles are rolling off assembly lines. Russian jets roar through European skies under NAT...

Russia's Economy Headed For Even More Trouble

Reuters | Posted 12.26.2014 | World

By Darya Korsunskaya and Vladimir Abramov MOSCOW, Dec 26 (Reuters) - Slumping oil prices have put Russia's economy on course for a sharp recession ...

Russia Entering 'Full-Fledged Economic Crisis'

Reuters | Posted 02.21.2015 | Business

* Kudrin: Russia to be downgraded to 'junk' status next year * Says government slow to respond to economic difficulties ...

Even Russians Are Running From the Ruble

Sergei Guriev | Posted 02.17.2015 | World
Sergei Guriev

Given that the price of oil is likely to remain low, Asian financiers -- even the Chinese -- do not seem eager to refinance Russian companies, and sanctions are unlikely to be lifted.

Putin Accuses West Of Trying To Sideline Russia In Major Speech

AP | LAURA MILLS and VLADIMIR ISACHENKOV | Posted 02.17.2015 | World

MOSCOW (AP) — Sternly warning the West it cannot defang the metaphorical Russian bear, a confident-looking President Vladimir Putin promised Thursda...

Russians Feel a Tempest Brewing

Ivan Sukhov | Posted 02.16.2015 | World
Ivan Sukhov

In the life of any country a situation can arise that requires a clear choice between positive change or stagnation and decline. At such times, only the collective will of the people can generate sufficient will to begin the process of change. And yes, sometimes the awakening of national consciousness begins with struggling over a mountain of dirty and snowy slush on the side of the road.

Russians Rush To Stores As Ruble Plummets

AP | NATALIYA VASILYEVA | Posted 02.16.2015 | World

MOSCOW (AP) — Russian consumers flocked to the stores Wednesday, frantically buying a range of big-ticket items to pre-empt the price rises kicked o...

Russia's Ruble Slides To Historic Lows

AP | VLADIMIR ISACHENKOV and DAVID McHUGH | Posted 02.15.2015 | World

MOSCOW (AP) — Russian President Vladimir Putin faces a major new challenge after a catastrophic fall in the value of the ruble, which hit a new low ...

Russian Economy Saved

Jeff Danziger | Posted 07.28.2014 | Politics
Jeff Danziger

...

Russian Economy Hit By Ukraine Turmoil

AP | LAURA MILLS | Posted 06.16.2014 | World

MOSCOW (AP) — Russia's economy slowed sharply at the start of the year as the crisis in Ukraine spooked investors into pulling money out of the coun...

Russian Economy, Tycoons Take Hit In Crimea Crisis

AP | NATALIYA VASILYEVA | Posted 03.20.2014 | World

MOSCOW (AP) — Russia's most powerful businessmen waited for over an hour Thursday to hear from President Vladimir Putin, whose decision to annex the...

Sochi Crumbles Behind Olympics Facade

AP | NATALIYA VASILYEVA | Posted 01.25.2014 | World

SOCHI, Russia (AP) — A shining new $635 million highway on the outskirts of Sochi stands next to a crumbling apartment block with a red "SOS!" banne...

Progress Comes At A High Price In Russia

Reuters | Posted 04.12.2013 | World

By Douglas Busvine MOSCOW, Feb 11 (Reuters) - Group of 20 policymakers have an ideal chance in Moscow this week to ponder whether mone...

Russia's Growing Economic Influence in Europe and Beyond

Kambiz Behi | Posted 07.23.2012 | World
Kambiz Behi

Covering an area more than five times that of the European Union (EU), if Russia has its way, the 'Eurasian Union' (EAU) will serve as a de facto bond between the nations of the former Soviet Union, and could come to rival Europe in terms of economic importance.

After 18-Year Effort, Russia Poised To Join World Trade Organization

AP | JOHN HEILPRIN | Posted 01.10.2012 | World

GENEVA — Russia cleared a major hurdle toward opening up its huge oil-driven economy Thursday, with negotiators agreeing to final terms that wou...

The Russian Business Enigma

John Sullivan | Posted 12.05.2011 | World
John Sullivan

Winston Churchill famously summarized his view of Russia as "[A] riddle wrapped in a mystery inside an enigma." Even for the Russian people, Churchill's view remains largely true today, particularly in the business sector.

Poverty Rate Rises In Russia By A Third

The Times of India | AFP 28 August 2009, 07:41pm IST | Posted 05.25.2011 | World

MOSCOW: The number of people living below the poverty line in Russia rose by a third from 18.5 million in the last quarter of 2008 to 24.5 million in ...

Biden: "Withering" Russia Will Bend To U.S.

Wall Street Journal | PETER SPIEGEL | Posted 05.25.2011 | World

Vice President Joe Biden said in an interview that Russia's economy is "withering," and suggested the trend will force the country to make accommodati...

Russia Faces Rising Unemployment, Spurring Fears Of Social Unrest

Radio Free Europe / Radio Liberty | Posted 05.25.2011 | World

Workers at Russia's Molot arms plant haven't seen their salaries in nearly six months. Unable to meet payroll, management has resorted to passing out ...

Global Financial Crisis Threatens World's Autocrats

The American Prospect | Beth Schwartzapfel | Posted 05.25.2011 | World

Gansu is one of interior China's most forlorn provinces, one that has gone largely unnoticed by the outside world. When I worked in rural Gansu two ye...

Russia's Economic Crisis Leads To Mounting Protests

The Independent | By Shaun Walker in Moscow | Posted 05.25.2011 | World

The Kremlin's rule is beginning to look much shakier than at any time since Vladimir Putin came to power, after a series of protests in cities across ...

Moscow Riot Police Flown In To Smash Protests Against Car Tariffs In Vladivostok

Times Online | Times Online | Posted 05.25.2011 | World

Riot police flown in from Moscow clubbed, kicked and arrested dozens of people in Russia's Far East today as hundreds across the country demonstrated ...