Last Updated: Friday, March 20, 2015, 17:08
Russian President Vladimir Putin told the leader of Belarus and Kazakhstan on Friday their three countries should consider forming a common currency union.
Last Updated: Friday, March 6, 2015, 17:44
Russian President Vladimir Putin announced Friday he was cutting his salary by 10 percent as well as the earnings of several top government officials, as the country`s economy reels from the collapse of the ruble.
Last Updated: Friday, January 30, 2015, 22:32
The announcement to slash its key interest rate to 15 percent from 17 percent marked the first cut since December 2011.
Last Updated: Wednesday, January 28, 2015, 18:40
Russia announced a $35 billion "anti-crisis" spending plan on Wednesday to bail out an economy battered by Western sanctions and falling oil prices, but gave few details of the deep cuts it said would be enacted this year to pay for it.
Last Updated: Monday, December 29, 2014, 16:34
Russia's economy shrank sharply in November and the rouble resumed its slide on Monday as Western sanctions and a slump in oil prices combined to inflict the first contraction in GDP since the global financial crisis.
Last Updated: Sunday, December 28, 2014, 10:22
Their international competitors may be cheering tumbling oil prices, but the collapse in the ruble has meant major financial turbulence for Russian airlines who have expenses in foreign currencies.
Last Updated: Thursday, December 18, 2014, 19:14
President Vladimir Putin on Thursday tried to quell fears of economic collapse and vowed rapid recovery from the worst financial crisis of his rule but stressed that his position on Ukraine has not shifted.
Last Updated: Thursday, December 18, 2014, 16:20
President Vladimir Putin on Thursday sought to allay fears over the worst financial crisis of his 15-year-rule, saying the Russian economy would rebound in two years at most.
Last Updated: Thursday, December 18, 2014, 12:19
The struggling Russian unit was at 61.59 to the dollar after plunging to 80 earlier in the week, and at 74.21 against the euro after previously hitting 100.
Last Updated: Wednesday, December 17, 2014, 23:03
The sharp fall in oil prices and Western sanctions could combine to drive a five percent contraction of the Russian economy next year, an economist warned Wednesday.
Last Updated: Wednesday, December 17, 2014, 23:01
Russia stepped up its defence of the ruble on Wednesday as it sought to halt a run on the currency and stem the worst financial crisis of President Vladimir Putin`s 15 years in power.
Last Updated: Wednesday, December 17, 2014, 15:08
Russia`s finance ministry is selling its foreign currency to support the ruble, a spokeswoman told AFP on Wednesday.
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