Edition:
India

Darya Korsunskaya

Russia earmarks $73 billion to jump-start economy by end-2021

02 Jun 2020

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.

Russia to vote on July 1 on reforms that could extend Putin's rule

01 Jun 2020

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.

Russian economy to contract, rouble to stay weak amid pandemic: economy ministry

22 May 2020

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.

Russia says outbreak stabilising as more leave hospital than test positive

20 May 2020

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.

Putin extends Russia's lockdown for two weeks, prepares to ease in mid-May

28 Apr 2020

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.

Russia's budget spending rules hindering anti-crisis funding, economists say

27 Apr 2020

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.

Russia's budget spending rules hindering anti-crisis funding, economists say

27 Apr 2020

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.

Russian central bank ready to relax terms for banks to buy state debt

24 Apr 2020

By Gabrielle Tétrault-Farber, Elena Fabrichnaya and Darya Korsunskaya

UPDATE 1-Russia warns of bad loans build-up from coronavirus crisis

23 Apr 2020

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 on Thursday.

Russia to raise as much debt for budget as possible but not at every price: finance ministry

20 Apr 2020

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.

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