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The government's structure has undergone several significant changes since the Russian Federation emerged from 1991 to 1992. In the initial years, many government bodies, primarily the different ministries, underwent massive reorganization as the old Soviet governing networks were adapted to the new state. Many reshuffles and renamings occurred.
By 2016, the Russian economy rebounded with 0.3% GDP growth and officially exited recession. The growth continued in 2017, with an increase of 1.5%. [146] [147] In January 2016, Bloomberg rated Russia's economy as the 12th most innovative in the world, [148] up from 14th in January 2015 [149] and 18th in January 2014. [150]
The politics of Russia take place in the framework of the federal semi-presidential republic of Russia.According to the Constitution of Russia, the President of Russia is head of state, and of a multi-party system with executive power exercised by the government, headed by the Prime Minister, who is appointed by the President with the parliament's approval.
For now, Russia's wartime spending as well as oil exports to China and India have helped prop up the overall economy. But the combination of busy factories and labor shortages due to military ...
The French economy grew and changed under government direction and planning much more than in other European countries. Despite being a widely liberalised economy, the government continues to play a significant role in the economy: government spending, at 56% of GDP in 2014, is the second-highest in the European Union.
Last month, the Russian central bank increased interest rates to 21%—nearly seven times that of the Euro region. It hopes that by hiking rates for the “overheating economy,” inflation could ...
In April 2022, the Russian government withdrew its consent for the Consulate-General of Lithuania in Saint Petersburg. [168] On May 10, Lithuania's Seimas voted unanimously to describe Russia's actions in Ukraine as constituting terrorism and genocide.
In the course of the Russian municipal reform of 2004–2005, all federal subjects of Russia were to streamline the structures of local self-government, which is guaranteed by the Constitution of Russia. The reform mandated that each federal subject was to have a unified structure of municipal government bodies by 1 January 2005, and a law ...