Last Updated: Thursday, July 9, 2015, 19:44
Russian President Vladimir Putin said on Thursday that a new BRICS bank would become fully operational and finance energy projects next year as emerging markets attempt to challenge the Western-dominated financial system.
Last Updated: Thursday, July 9, 2015, 00:44
Russian President Vladimir Putin and his government courted Beijing on Wednesday before a BRICS summit, playing down a stock market plunge in China and proposing better terms for investors from Beijing.
Last Updated: Monday, July 6, 2015, 21:09
The BRICS emerging economies will launch a development bank at a summit this week which President Vladimir Putin hopes will help reduce Western dominance of world financial institutions and show Moscow is not isolated.
Last Updated: Monday, July 6, 2015, 20:50
Russian President Vladimir Putin on Monday told Greek Prime Minister Alexis Tsipras he supported Greeks in overcoming the "difficulties" they faced after their resounding `No` to creditors` bailout terms, the Kremlin said.
Last Updated: Monday, June 1, 2015, 21:06
The World Bank on Monday said it saw some improvement in Russia`s battered economy, predicting it would shrink by 2.7 percent this year and return to growth of 0.7 percent in 2016.
Last Updated: Thursday, May 21, 2015, 20:56
The International Monetary Fund on Thursday announced a less pessimistic forecast for Russia`s economy, predicting no more than 3.4 percent contraction in 2015 and emergence from recession in 2016.
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: 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, 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.
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