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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 ...
The government of Russia has initially responded to the COVID-19 pandemic in the country with preventive measures to curb the spread of the coronavirus disease 2019 in the country, which involved imposing quarantines, carrying raids on potential virus carriers, and using facial recognition to impose quarantine measures. [1]
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.
Business and economy Constitutional crisis in Somalia , Transport in Somalia The Somali Airlines Operators Association, representing at least 20 airlines, suspends all flights beginning on January 22, 2025, in protest against increased government-imposed fees after disputes with the Ministry of Aviation and the Somali Civil Aviation Authority .
“Russia cannot continue waging the current war beyond late 2025, when it will begin running out of key weapons systems.” Russia’s war economy is on its last legs, but peace may be even worse ...
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 24 June 2020, the IMF in its latest World Economic Outlook report warned that the economic recovery from the COVID-19 pandemic was projected to be slower than previously forecast, with growth in 2020 estimated at −4.9 per cent, or nearly two percentage points below April projections, indicating a deeper recession and slower recovery. [112]