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The Worst is Yet to Come: Deutsche Bank Predicts Further Weakening of the Ruble Due to Navalny and the US Elections
Deutsche Bank analysts do not rule out that the worst for the ruble in 2020 is yet to come. In the short term, the main risks for the ruble are the aggravation of the geopolitical confrontation between Moscow and the West over the situation with Alexei Navalny and the possible victory of the Democrats in the November US elections.
Central Bank: Scenarios and Risks for the Russian Economy
The Bank of Russia presented four scenarios for the development of the Russian economy in 2021-2023: the baseline and three alternative ones, reflecting possible risks. The scenarios are contained in the draft Guidelines for the unified state monetary policy.
"Young and Old have Suffered": Russian Business has Experienced the Strongest Drop in Profits
The record holder in terms of losses was the Moscow business that lost 85 billion rubles, while the Altai business showed the highest profit growth.
Russia's Economy has Experienced the Biggest Collapse since 2009
The Russian economy, amid the coronavirus pandemic, fell at its fastest pace since the 2008-2009 crisis.
Russian Economy will Need Four Years to Recover from the Crisis
The world economy will be able to return to pre-crisis levels in 2022, while the Russian economy - only in 2024, analysts of the Economist Intelligence Unit (EIU) predict. Recovery will be hampered by low raw materials prices, experts warn.
Russian Oil Market Crisis: Prices will Remain Low
The intentions announced on April 12-13, 2020 by the OPEC + G20 countries to reduce oil production should have unfolded the dynamics of prices in the world market for growth. However, it became clear that the expected effect did not work. In the foreseeable future, oil prices will remain low.
Rouble's Fall
Todays trading on the Moscow stock exchange began with a sharp fall of the rouble.
Unemployment Skyrockets
The number of the officially registered unemployed in Russia grew by 12% since the beginning of the year, which coincided with the level of reduction in the number of available vacancies at Russian enterprises - 13.6%.
Food Manufacturers Still Rising Prices
Manufacturers have raised the price for cabbage by 66 percent since the beginning of 2015. The anti-monopoly agency has recorded 1,007 reports of rising prices for goods.
Ration Cards for Privileged Categories of Russians
The project of the system of ration cards implies that a person entitled to federal subsidies can choose between a card and direct receipt of money. If one chooses a card, one will receive a bonus for the purchase of domestic or agricultural products.
Business Climate Improvement to be Discussed
The Ministry of Economic Development introduced the package of measures on improvement of the business climate in Russia for consideration of the government.
IMF: Russian Economy Is Expected to Fall By 3%
The Russian economy is expected to fall by 3% in 2015. This is stated in the IMF report.
Recession Relapse in Russia
One of the country's leading economists is certain that Russia has already been hit by the second wave of the financial crisis. Russia-IC takes a look at the expert evidence. If you need more info on Russia's economy and its state at the moment, contact us for details.
Russian Ruble Will Outstay
Russia has all chances to overcome the financial turbulence almost unharmed.
World Economic Crisis 2008: Russia will Outstay
Most people, irrespectively of their religion and nationality, tend to celebrate New Year and hope for the best. However, experts who annually release economic forecasts dont see the future so enthusiastically: they promise $175 for barrel of oil and a serious meltdown in Chinese and U.S. financial markets.


Moscow Business Turnover Returned to Pre-crisis Level
At the same time, certain industries still have a difficult time.
Prices For Consumer Goods Were Fixed
The largest Russian retail networks have fixed prices on 56 kinds of consumer goods.
Raiffeisenbank Stops Issuing Loans For Purchase Of Passenger Cars
Raiffeisenbank stops issuing new loans for purchase of passenger cars and commercial vehicles, as well as refinancing car loans. This decision was taken due to the negative trends at the domestic automobile market, witnessing the extremely low development potential of this business in Russia in the medium term.
Fruits Shortage
In 2014 Russia proved to be able to provide itself with fruits and berries with an amount less than a third of the planned indicators.
Real Wages Fell Down
Real wages (adjusted for the growth of prices and tariffs) fell by 9.9 percent in Russia in February 2015, as compared with the same month of last year.
Adidas Will Close About 200 Stores In Russia
The German Adidas will close about 200 stores in Russia this year. But at the same time the company plans to open about 100 new stores in the Russian Federation.
Budget Expenditures Will Be Reduced
The Ministry of Finance wants to reduce budget expenditures by an additional 600 billion roubles.

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