Vladamir Putin says worst is over for Russian economy

Last Updated: Thursday, April 16, 2015, 19:36

President Vladimir Putin said Thursday the worst was over for Russia`s crisis-hit economy as he shrugged off widespread concerns over the impact of the Ukraine crisis in his annual phone-in.

Russia says inflation hits peak as crisis bites

Last Updated: Thursday, March 19, 2015, 17:45

"The peak in inflation has not passed but we have reached the highest point and will probably stay at this level for some time," minister Alexei Ulyukayev was reported as saying by Russian news agencies.

Inflation-hit Russia sees fruit, veg prices jump 22% in January

Last Updated: Wednesday, March 4, 2015, 17:20

Inflation-weary Russians saw the price of fruit and vegetables increase by 22 percent in January, the government said Wednesday, increasing pressure on households already reeling from an economic crisis.

Ukraine`s currency hits new low as central bank tightens controls

Last Updated: Monday, February 23, 2015, 19:57

Ukraine`s battered national currency plummeted some 10 percent Monday as the central bank scrambled to strengthen currency controls in its latest bid to halt the slide.

Tata Power signs accord with Russia's top coal miner

Last Updated: Monday, February 23, 2015, 17:16

India`s largest integrated electric utility company Tata Power Monday said it has signed a preliminary accord with Russia`s largest coal miner Siberian Coal Energy Company (SUEK) to develop opportunities in the energy sector there.

'Russia's economy to shrink by 3% in 2015'

Last Updated: Saturday, January 31, 2015, 22:16

Russia`s economy minister Alexei Ulyukayev on Saturday forecast GDP to fall by three percent in 2015 on the back of a collapse in oil prices and a massive capital flight.

Russia unveils $35 billion anti-crisis plan, silent on cuts to pay for it

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.

Russia attacks 'politically motivated' downgrade to junk rating

Last Updated: Wednesday, January 28, 2015, 00:16

Moscow said S&P`s downgrade to `BB+` was motivated by the West`s current standoff with Russia over Ukraine.

Adidas says profits hit by falling ruble, divestment

Last Updated: Friday, January 23, 2015, 15:19

Adidas, the German maker of sportswear and equipment, said Friday it met its 2014 targets, but earnings were hit by special factors such as the falling ruble and the sale of its Rockport brand.

Russian govt preparing 18bn euro anti-crisis plan: deputy PM

Last Updated: Thursday, January 22, 2015, 11:38

The Russian government is preparing to launch an "anti-crisis programme" to tackle the country's stalled economy at the cost of 1.375 trillion rubles (USD 21 billion), deputy prime minister Igor Shuvalov said.

Oil price plunge drags down Russian economy: EBRD bank

Last Updated: Monday, January 19, 2015, 18:18

Russia`s battered economy will shrink by a far worse-than-expected 4.8 percent this year, as plunging oil prices add to fallout from the Ukraine crisis, the EBRD development bank forecast Monday.