MOSCOW Russia has earmarked 5 trillion roubles ($73 billion) to jump-start its economy through end-2021, its premier said on Tuesday, as the country eases a prolonged coronavirus lockdown which cost it jobs and triggered the deepest contraction since 2009.
MOSCOW Russia will hold a nationwide vote on constitutional reforms on July 1, President Vladimir Putin said on Monday, setting the stage for a delayed ballot that could extend his rule until 2036.
MOSCOW Russia's economy is on track to shrink by 5% in 2020 and the rouble will remain weak as the novel coronavirus pandemic and low oil prices hit home, the economy ministry said on Thursday.
MOSCOW Russia recorded its lowest total of new coronavirus cases since May 1 on Wednesday, with more patients discharged from hospital than new cases for the first time, which officials said showed that the outbreak was stabilising at last.
MOSCOW President Vladimir Putin extended coronavirus lockdown measures for another two weeks on Tuesday, while ordering his government to begin preparations for a gradual lifting of the curbs from mid-May.
MOSCOW The regulations governing budget spending in Russia, where the economy is slipping into recession due to low oil prices and the coronavirus pandemic, are hindering its ability to adequately fund anti-crisis measures, economists have said.
MOSCOW, April 27 The regulations governing
budget spending in Russia, where the economy is slipping into
recession due to low oil prices and the coronavirus pandemic,
are hindering its ability to adequately fund anti-crisis
measures, economists have said.
By Gabrielle Tétrault-Farber, Elena Fabrichnaya and Darya
MOSCOW, April 23 Russia's banking system could
experience a build-up of bad loans over the coming months
because of the coronavirus crisis but might only feel its impact
in the final part of the year, a top government official warned
MOSCOW Russia plans to raise as much debt at home this year as possible to finance its budget needs amid the coronavirus crisis but not at any price, Konstantin Vyshkovsky, head of the debt department at the finance ministry, told Reuters in an interview.