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A looming economic catastrophe driven by the fundamental flaws in Russia's current strategy will likely set the stage for severe long-term consequences that will play out in the years ahead. More ...
Russia's economy, driven by exports of oil, gas and minerals, grew robustly over the past two years despite multiple rounds of Western sanctions imposed after its invasion of Ukraine in 2022.
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 ...
Today it brings together more than 400 French, Russian and other international companies from 40 sectors of the economy. The Franco-Russian Chamber of Commerce and Industry stands for tighter relations between France and Russia, for a constant dialogue between the two countries and for the development of common projects.
Russian President Vladimir Putin and French President Emmanuel Macron meet in Hamburg, Germany at the G20 summit, in July 2017.. Due to the fact that the Russian centralised state, formed in the 15th-16th centuries, was almost constantly in a state of diplomatic and military confrontation with the Polish–Lithuanian Commonwealth, the Catholic rulers of France for a long time avoided ...
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]
In the wake of Russian invasion of Ukraine, Russia's role in the EU energy market has collapsed. Due to EU sanctions, Russia's weaponization of gas supplies, and the sabotage of the Nord Stream pipelines, Russia delivered only around 60 BCM of gas to the EU in 2022. By contrast, in 2021, the EU imported 155 BCM of Russian gas, which accounted ...
The French leader has been a principal interlocutor of Russian President Vladimir Putin. He's applauded for this engagement, but are his efforts bearing fruit? France's Macron wins praise for ...