Vladimir Putin, is the current President of the Russian Federation, holding the office since 7 May 2012. During Putin's first period of presidency, the Russian economy grew for eight straight years, and purchasing power for his people increased 72%. The growth was a result of high oil prices, 2000s commodities boom, and prudent fiscal and economic policies.
Putin has said that overcoming the consequences of the world economic crisis was one of the two main achievements of his second term as Russian President. The other was the stabilizing the size of Russia's population between 2008–2011 following a long period of demographic collapse that began in the 1990s. But the economic development of Russia experienced a significant setback due to the sanctions and the concurrent fall in the world price of oil.
The IMF has estimated that about half of the decline in GDP in 2015 was due to sanctions and Russia's ban on imports in response.
The continued financial crisis began in the second half of 2014 when the Russian ruble collapsed due to a decline in the price of oil and international sanctions against Russia. These events in turn led to loss of investor confidence and capital flight. Russia responded with its own sanctions against the West. Additionally, to compensate for the sanctions, Russia developed closer economic ties with Eastern countries. In October 2014, energy, trade and finance agreements with China worth $25 billion were signed. The following year, a $400 billion 30-year natural gas supply agreement was also signed with China.
'Risk off' Pushes JPY Higher; USD, GBP fall on Expectations of Lower Rates; US Consumer ...
Worst day for stocks in around two years ' US market down 3.35%, Tokyo down similarly this morning, and both Shanghai and Shenzhen down 2%.
>> Read more here
Loss of interest rate support weighs on USD
The corona risk-off guided global FX yesterday, but parts of the market deviated from the standard script. Most striking, the dollar was in the defensive.
>> Read more here
Pension Insurance Market | Revenue (Million USD) and Growth Rate (%) Comparison by Product ...
Pension Insurance Market describes an in-depth evaluation and professional study on the present and future state of the Pension Insurance market ...
>> Read more here
Justices Turn Down Forex Market Maker's Defamation Suit
The suit centers around the NFA's publication of various documents related to a disciplinary decision involving a different company, Forex Capital ...
>> Read more here
Bank of America expects RBI to build $550-billion forex reserves
Bank of America (BofA) sees $550 billion as a comfortable foreign exchange (forex) reserve level for the Reserve Bank of India (RBI), and believes ...
>> Read more here
Forex Today: Run for safety keeps supporting the USD
Panic hit the financial word, amid concerns of the possible effects of the coronavirus on global growth. The illness spread outside China, with Italy, ...
>> Read more here
Forex - Dollar Gives up Gains as Traders Raise Bets on Fed Rate Cut
Investing.com ' The U.S. dollar gave up early-day gains on Monday, pressured by growing investor expectations the Fed could deliver a rate cut ...
>> Read more here
