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

EU steps up to Russia, finally introducing price cap

Lorenzo Bagnato

5 October 2022 - 19:10

EU steps up to Russia, finally introducing price cap

After the illegal annexation of four Ukrainian oblasts, EU ambassadors have approved the 8th package of sanctions against Russia. Finally, a price cap on oil is put on the table.