The WorldPost spoke with Sergey Aleksahenko, former deputy chairman of the Russian Central Bank.
World-Renowned Economist Sergei Guriev on the Russian Economy: Takeaways from his Speech at the Oxford Guild
Russia has made considerable progress on the issue of external debt, despite an oft-quoted statistic of $700 billion in external
MOSCOW -- Apparently, the Kremlin thinks that deploying 40 new ICBMs will somehow improve its image, just as the Soviet Union once used the same missiles in a misguided attempt to make itself more attractive.
"Next year we will, without doubt, have to bring the Reserve Fund into play," he said, referring to one of Russia's two rainy
By Darya Korsunskaya "Today, I can say that we have entered or are entering a real, full-fledged economic crisis. Next year
Given that the price of oil is likely to remain low, Asian financiers -- even the Chinese -- do not seem eager to refinance Russian companies, and sanctions are unlikely to be lifted.
In the life of any country a situation can arise that requires a clear choice between positive change or stagnation and decline. At such times, only the collective will of the people can generate sufficient will to begin the process of change. And yes, sometimes the awakening of national consciousness begins with struggling over a mountain of dirty and snowy slush on the side of the road.
Some will check in to the five-star Ritz-Carlton hotel near the Manezh, the former 19th-century cavalry stable by the Kremlin
Covering an area more than five times that of the European Union (EU), if Russia has its way, the 'Eurasian Union' (EAU) will serve as a de facto bond between the nations of the former Soviet Union, and could come to rival Europe in terms of economic importance.