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w117_header_alt Economic disaster

Russia's government mulls five percent cut in defense procurement spending: sources, - Reuters Russia's government is considering cutting spending on defense procurement this year by 5 percent, a move that would extend the budget squeeze to a sector that up to now has been immune from real cuts. 4 927 32 Previously in trend: Economic disaster

Share of Russia’s budget oil and gas revenues slumped from 70 to 45 percent, - PM Medvedev The share of the Russian federal budget revenues from oil and gas production fell from 70 to 45 percent. 22 596 167 Previously in trend: Economic disaster

москва штурм кредиты банка moscow bank loans Foreign currency credit users storm bank in Moscow, demand to give away Crimea. VIDEO Raiffeisen Bank debtors of loans in foreign currency have broken into the main office of the financial institution in Moscow and demand allowing paying off their loans at the rate of 40 rubles per dollar. 268 870 1 086 Previously in trend: Economic disaster

греф german gref Sberbank of Russia Head German Gref: “Oil era is over, we have lost” Speaking at the Gaidar Forum, Head of the Russian Sberbank Bank German Gref said that Russia appeared to be among the countries that "are losing". 275 335 913 Previously in trend: Economic disaster

Bloomberg analysts gave Putin poor grades assessing his management of economy in crisis Bloomberg invited economists to assess management of the Russian economy in crisis by President Vladimir Putin, Prime Minister Dmitry Medvedev, government, Finance Ministry and central bank. 22 754 100 Previously in trend: Sanctions against Russia Economic disaster

Weakening of ruble to at least 90 against US dollar to inflict terminal damage on Russian economy, - Bloomberg The next Russian ruble drop can outdo 2014 shock. 52 363 133 Previously in trend: Economic disaster

Putin advised Russian government to prepare for lengthy sanctions and be "more efficient" Russian President Vladimir Putin urged the government to get accustomed to the fact that the period of low raw material prices as well as external restrictions may linger on. 30 187 127 Previously in trend: Sanctions against Russia Economic disaster

Russian energy sector comes to standstill following US and EU sanctions tightening, - The Washington Post The major Russian projects that were to deliver oil and natural gas to customers in China, Turkey and Germany have stalled a year and a half after the United States and its European allies imposed economic sanctions on Russia’s energy sector. 68 173 165 Previously in trend: Sanctions against Russia Economic disaster

72% Russians suffer economic crisis, - poll According to the Public Opinion foundation, the number of Russians talking of an economic crisis in their country has reached 72% compared to 68% in August. 34 614 308 Previously in trend: Economic disaster

Russia can take no notice of another year of sanctions, - Bloomberg Russia can pay no regard to sanctions for another year, at least from the standpoint of bond market. 93 055 900 Previously in trend: Sanctions against Russia Economic disaster

порошенко Putin wants global instability, - Poroshenko Ukrainian President Petro Poroshenko accused his Russian counterpart Vladimir Putin of the urge to shatter the global security order. 37 342 433 Previously in trend: Russian aggression against Ukraine Economic disaster

Visa to stop servicing Russian-issued card transactions effective Oct. 1 Visa international payment system terminates guaranteed service of Russian banks' card transactions effective Oct. 1. 62 552 274 Previously in trend: Economic disaster

Ruble tracks oil by most on record after fourth monthly slide, - Bloomberg The Russian currency is tracking the price of oil the most closely on record after the ruble’s fourth month of losses pushed it toward a record low. 41 840 298 Previously in trend: Economic disaster

Russia's industrial production contracted by 4.7 per cent last month, - Financial Times Industrial production in Russia contracted by 4.7 per cent in July, according to figures released on Monday. 27 576 352 Previously in trend: Economic disaster

Russia to lose $34 billion, should Iran regain its oil share, - World Bank Iran's return to oil market will cost the Russian economy $34 billion, while the OPEC states might face a $22 billion loss. 55 271 464 Previously in trend: Economic disaster

Russians named most ineffective workers in Europe According to experts of the Organization for Economic Cooperation and Development (OECD), one of the reasons for decline of the Russian economy is a low labor productivity. 93 203 1 096 Previously in trend: Economic disaster

газпром Turkmenistan declared Gazprom insolvent with no payments received for six months Russia has not paid for the Turkmen gas since the beginning of the year. In response, Turkmenistan announced that due to the global economic crisis Gazprom is considered insolvent. 149 501 776 Previously in trend: Economic disaster

франция Assests of VTB Bank and Putin's propagansits Russia Today and TASS arrested in France VTB Head Andrey Kostin announced the arrest of Russian accounts, including state ones, in a subsidiary of the state bank. 121 906 504 Previously in trend: Economic disaster

тимошенко мвф шлапак уманский imf Recession is expected in Russia in 2015, followed by a mild recovery in 2016, IMF says Last month, the IMF predicted that the economy of Russia would contract by 3.8 percent this year and by 1.1 percent in 2016. This Thursday, the International Monetary Fund announced a less pessimistic forecast for Russia's economy, predicting no more than 3.4 percent contraction in 2015 and emergence from recession in 2016. 98 877 584 Previously in trend: Economic disaster

дом белый Russian economy has substantially deteriorated - White House Falling oil prices and sanctions of the West are the main reasons for the deterioration of the Russian economy. Only the full implementation of the Minsk agreements can lead to lifting sanctions from the Russian Federation. 107 240 669 Previously in trend: Sanctions against Russia Economic disaster

медведев Sanctions inflicted damage worth of 25 billion euros to the Russian Federation. It can grow by several times in 2015 - Russian PM The damage inflicted to the Russian economy by the sanctions could grow by several times in 2015. 78 070 479 Previously in trend: Sanctions against Russia Economic disaster

Malls in Moscow stand empty turning into ghost towns - The New York Times The New York Times takes as an example the brand-new Moscow's Avia Park mall, largest than any Europe's one. Row after row, storefronts are vacant. On a recent evening, a handful of visitors meandered past shops that have opened, like American Eagle Outfitters, Adidas and H&M, but purchases are relatively rare. With no customers to serve, a chef at a Sbarro restaurant passed the time honing a knife. 149 971 588 Previously in trend: Economic disaster

газ газпром Gazprom curbs its presence in Europe, sources say Gazprom put up its 10.5% stake in the German gas distributor Verbundnetz Gas (VNG) for sale, as part of a new strategy to wrap up its presence in Europe, three industry sources confirm. 151 341 512 Previously in trend: Economic disaster

J.P. Morgan to remove Russian securities from its investment-grade indexes following downgrades - WSJ Russian government bonds will be dropped from two J.P. Morgan Chase & Co. emerging-markets indexes, after the country was downgraded to junk status by ratings firms Moody’s Investors Service and Standard & Poor’s earlier this year. 47 025 361 Previously in trend: Economic disaster

нефть Russian economy will lose $160 billion annually if the oil price slumps to $45 per barrel - the Central Bank of Russia head The Bank of Russia expects annual losses of the Russian economy to reach $160 billion a year at an oil price of $45 per barrel. Previously, the regulator began to work out the stress scenario implicating the price of $40 per barrel. 61 348 395 Previously in trend: Economic disaster

россия флаг герб S & P downgraded Russia's sovereign rating to junk International rating agency Standard & Poor's downgraded the sovereign rating of Russia to "speculative" level "BB +" from investment "BBB-". 189 940 1 223 Previously in trend: Economic disaster

WSJ: Vladimir Putin’s Unhappy New Year. There will be ugly end for this ruler Russian President Vladimir Putin rationalized the tax system but did little else to modernize Russia. Those who often speak to him consider him to be in a bad place mentally, erratic and panicked. 288 068 887 Previously in trend: Russian aggression against Ukraine Economic disaster

лукашенко Lukashenko wants to trade with Russia in dollars or euros: let them pay in hard currency President of Belarus Alexander Lukashenko demands the government to carry on with Russian settlements for supplied Belarusian exports in hard currency. 87 164 230 Previously in trend: Economic disaster

Russia's rich lose $10 Billion in two days as ruble drops – Bloomberg The Russian Federation richest people lost $10 billion this week as the central bank raised interest rates. 35 630 90 Previously in trend: Economic disaster

"Putin does not acknowledge his mistakes. He now has a convenient excuse to start full-scale war against Ukraine," Nemtsov Says Russian President Vladimir Putin cannot admit the complete collapse of his policy, so he intends to write off the economic problems of Russia to the war. 107 788 209 Previously in trend: Russian aggression against Ukraine Economic disaster War

Russia obliged to pay record fine of 1.86 billion euro for Yukos deprivation by Putin's henchmen Russia has three months to pay 1.86 billion euro to former Yukos shareholders. 43 253 202 Previously in trend: Economic disaster

россия "Black Tuesday" in Russia": Russians stormed stores getting rid of rubles. PHOTOS Russians are in a hurry to get rid of rubles. While some are trying to purchase foreign currency, others storm stores. People buy whatever they can before repricing, mainly home appliances, food, and clothing. 390 550 1 228 Previously in trend: Sanctions against Russia