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Real disposable incomes fell by 8% in year-on-year terms in April to June according to Rosstat. It also said that Russia's industrial output fell by 9.4% in June compared to a year ago. [29] On 22 July, the economy minister, Maxim Reshetnikov, was quoted as saying that Russia's GDP declined by 4.2% in the first half of 2020. He said that this ...
While soaring defense spending has fueled Russia's economy in recent years, it has also contributed to rising inflation, which Russian President Vladimir Putin said could hit 9.5% in 2025.
The effect of sanctions on the Russian economy caused annual inflation in Russia to rise to 17.89%, its highest since 2002. [119] Weekly inflation hit a high of 0.99% in the week of April 8, bringing YTD inflation in Russia to 10.83%, compared to 2.72% in the same period of 2021.
The Russian economy looks unable to sustain President Vladimir Putin’s war on Ukraine past next year, but an end to the fighting could also pose an existential threat to his regime, according to ...
The COVID-19 pandemic in Russia was a part of the pandemic of coronavirus disease 2019 caused by severe acute respiratory syndrome coronavirus 2 . The virus was confirmed to have spread to Russia on 31 January 2020, when two Chinese citizens in Tyumen ( Siberia ) and Chita ( Russian Far East ) tested positive for the virus, with both cases ...
COVID-19 is still seen as the biggest challenge in the 2021-2022 climate survey conducted by the European Investment Bank. The heads of thirteen member parties of the European People's Party (EPP) made a proposal to expunge the Hungarian Fidesz for the new legislation on 2 April.
On 17 March, the leadership of the Russian Orthodox Church published Instructions to rectors of parishes and monasteries’ town churches, abbots and abbesses of the monasteries of the Russian Orthodox Church over the threat of spreading coronavirus infection (in English), which said it had been approved by the ROC's Holy Synod and instructed ...
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%. [145] [146] In January 2016, Bloomberg rated Russia's economy as the 12th most innovative in the world, [147] up from 14th in January 2015 [148] and 18th in January 2014. [149]