Tag Archives: Russian economy

Russia’s annual inflation accelerated to 17.70 percent as of April 22, the highest level since early 2002, and up from 17.62 percent a week ago, due to sharp price hikes amid Western sanctions, the Russian Economy Ministry said on Wednesday. Prices of just about everything, from vegetables and sugar to …

Russian gas pipeline operator Gazprom continued to supply Europe with natural gas through Ukraine on Thursday, according to European consumer demands, data from a Ukrainian gas pipeline operator showed. The data indicated that requests amounted to 63.4 million cubic meters on April 28.

Russian President Vladimir Putin on Wednesday said that Western plans to suffocate Russia’s economy with sanctions have failed, reported Reuters. Putin accused the West of wanting to cut Russia up into different pieces and accused the West of pushing Ukraine into a conflict with Russia. Putin reiterated that Russia will …

The White House sees more risks to US economic activity in the months ahead thanks to rising prices and Russia’s invasion of Ukraine, but still expects healthy GDP growth in 2022.A senior administration official said inflation, caused in part by Russia’s attack on Ukraine, and supply chain hiccups are additional …

Russian President Vladimir Putin said on Monday that “we” must switch to trading in national currencies in new conditions. Western sanctions have led to a deterioration in the economy in the West, he continued. On the Russian economy, Putin said that retail demand has normalized, inflation is stabilizing and unemployment …

The ruble swung around the 80 level against the dollar on Monday, while stock indices slipped slightly as the market lacked fresh momentum and monitored developments around what Russia calls a “special military operation” in Ukraine. The Ukrainian Foreign Minister said that there had been no diplomatic contact between Russia …

The Russian economy is poised to collapse this year after the U.S. and its European allies hit the Kremlin with a slew of crippling financial penalties over its unprovoked invasion of Ukraine. Russian manufacturing activity plunged in March, contracting at the sharpest pace since May 2020 as businesses confronted a …

Kremlin aide Maxim Oreshkin was quoted by the RIA news agency as saying on Friday that Russian imports fell sharply in March due to logistical restrictions and the withdrawal of Western companies from the country. He expected the decline to reach “tens of percent”. The Russian current account surplus is …

US Treasury Secretary Janet Yellen said on Wednesday that it will be “a long time, if ever” before the US dollar is replaced as the key currency for the global economy. The impact of sanctions on Russia show the importance of the US dollar and euro, as well the US’ …

The Russian oil embargo may be part of the The European Commission, the European Union’s executive arm, is preparing proposals for an EU embargo on Russian oil, the foreign ministers of Ireland, Lithuania and the Netherlands said on Monday, although there is no agreement yet. Referring to the commission, Irish …