China's yuan has ousted the US dollar as the most traded currency in Russia in 2023. China's yuan has ousted the US dollar as the most traded currency in Russia in 2023.
Tags: Russia economy
Russia's Vladimir Putin Says Nearly 40% of Russian Trade Turnover Now in Rubles Amid Growing Conflict With West
Russia's President Vladimir Putin has claimed that almost 40% of the country's trade is now transacted in Russian rubles.
Russia's Vladimir Putin Visits China's Xi Jinping to Strengthen Economic, Political Ties Amid US Global Dominance
Russia's President Vladimir Putin arrived in Beijing on Thursday for a two-day state visit that will include talks with China's President Xi Jinping to deepen the strategic partnership between the two countries perceived as enemies of the US.
Russia's Surprising Economic Strength to Last Another 18 Months Despite Western Sanctions and Ukraine War, Think Tank Says
A Washington DC-based think tank said Russia will maintain its economic strength for another 18 months despite facing various challenges amid its war with Ukraine.
IMF: Russia's Economy to Grow Faster Than US, Other Advanced Economies Despite International Sanctions Over Ukraine
Despite international sanctions over its war in Ukraine, the International Monetary Fund (IMF) has forecasted that the economy of Russia will grow quicker than all of the advanced economies in the world, including the United States, in 2024.
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A former central bank official in Russia said the war in Ukraine is taking much of the nation's financial resources.
Activity in Russia's manufacturing industry scaled up at its fastest pace in almost seven years in December, according to a business survey.
Russian President Vladimir Putin has issued a rare apology for Russia's inflation problem, which resulted in the soaring of egg prices this week.
Russian President Vladimir Putin has asserted that the economic isolation Russia faces due to international sanctions is even helping the country to transform into a "growth center" in a "new global economy."
A memorandum of understanding was signed by two statesmen of India and Russia. PM Modi and President Putin had made a deal on mutiple sector projects.They had inked the 16 agreements on Saturday.
According to Indra Nooyi, the ongoing global economic slowdown threatens economic recovery in the US. The oil market combined with political turmoil creates an economic pressure in the nation.
The Russian Central Bank revoked license for banking for two banks, the Interkommerzbank and Alta Bank. The license revoke is part of the tougher regulation set by the Russian government to help strengthen the country's economy.
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