Russia

After the Soviet era, Russia experienced a slight recovery in the late 1990s which ended at the end of the decade with the depreciation of the ruble and the default of public debt. This was followed by a recession, a deterioration in the standard of living and an intense flight of capital abroad.

For many observers, the main problem of the Russian economy is that of the banking sector, controlled by "oligarchs", businessmen linked to political power, who often use depositors’ money to support their companies.

Official Name: Russian Federation
Form of government: Federal Presidential Republic
President: Vladimir Putin
Prime Minister: Dimitry Medvedev
Currency: Russian Ruble (RUB)

Russia, ultimi articoli su Money.it International

Will Moldova be the next Ukraine?

Money.it

3 October 2024 - 15:00

Will Moldova be the next Ukraine?

Presidential elections and constitutional referendum: on October 20, Moldova will be called to decide its future.

Why did Ukraine invade Kursk

Lorenzo Bagnato

19 August 2024 - 12:25

Why did Ukraine invade Kursk

Ukraine’s President Volodymyr Zelensky finally revealed the official strategic objective of the Kursk incursion.

The Russian economy is on the brink of recession

Money.it

5 August 2024 - 17:00

The Russian economy is on the brink of recession

The Russian economy is heading towards recession and the reason is the increasingly scarce flow of petrodollars. What is about to happen according to the economist’s analysis?

Who is buying Russian oil?

Money.it

1 August 2024 - 13:00

Who is buying Russian oil?

Russian crude continues to travel albeit at a reduced pace. Where is it headed according to data updated in July? Here is the tracking of some routes, between China, India, Egypt, and Europe.