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Dmitry Medvedev

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  • Tumbling oil prices and Western sanctions over Russia's role in Ukraine have pushed the rouble to record lows and fuelled price rises. "Unlike during the 2008-2009 crisis, now there is a significant decline of real disposable incomes in Russia so food budgets will most likely fall," said Ekaterina Lipatova, an analyst at Moody's Investors Service.

  • MOSCOW, Jan 22- Prime Minister Dmitry Medvedev said on Thursday a government programme to recapitalise Russia's banking system using OFZ treasury bonds should be completed by the end of the month, TASS news agency reported.

  • DAVOS, Switzerland, Jan 21- Russia may see a natural decline in oil output by around 1 million barrels per day at most but has no plans to cut production in coordination with OPEC, Deputy Prime Minister Arkady Dvorkovich said on Wednesday. Russia is the world's biggest oil producer and output hit a post-Soviet high at an average 10.58 million bpd last year, but...

  • *Budget faces $46 billion shortfall at $50 oil price. MOSCOW, Jan 15- President Vladimir Putin's insistence on huge defense spending makes it hard to see how a government plan to make deep budget cuts will see Russia through a deepening economic crisis. Finance Minister Anton Siluanov called on Wednesday for a 10 percent cut in planned expenditures, warning that...

  • Putin's defence fixation deepens Russian budget problems Thursday, 15 Jan 2015 | 12:25 PM ET

    *Budget faces $46 billion shortfall at $50 oil price. MOSCOW, Jan 15- President Vladimir Putin's insistence on huge defence spending makes it hard to see how a government plan to make deep budget cuts will see Russia through a deepening economic crisis. Finance Minister Anton Siluanov called on Wednesday for a 10 percent cut in planned expenditures, warning that...

  • MOSCOW, Jan 14- Russia may adjust its budget rule- the level of government spending linked to oil prices- to reflect falling oil prices, Prime Minister Dmitry Medvedev told a forum on Wednesday. Global oil prices touched their lowest in nearly six years, trading at around $46 per barrel or less than half the level needed to balance the 2015 Russian budget.

  • *Russia faces economic instability and international isolation. MOSCOW, Dec 31- When Vladimir Putin was handed power unexpectedly by an ailing Boris Yeltsin on the last day of the last century, his first move was to go on television to guarantee Russia the freedoms needed for a "civilized society." Fifteen years later, his critics accuse the former KGB spy of...

  • The order was signed on Dec. 27, and the funds will be transferred from the National Wealth Fund as a part of wider plans to support Russia's banking sector, which is suffering from Western sanctions imposed on Moscow over its role in the Ukraine crisis.

  • UPDATE 1-Russia may fail to supply wheat to Egypt in Jan Wednesday, 24 Dec 2014 | 4:49 AM ET

    MOSCOW, Dec 24- Russia may fail to supply wheat to Egypt's state buyer GASC in January as its exports have been effectively suspended by informal government curbs, Arkady Zlochevsky, the head of Russia's Grain Union, said on Wednesday. Russia's government imposed informal curbs with tougher quality monitoring and limits on railroad loadings earlier this...

  • Russia may fail to supply wheat to Egypt's GASC in Jan Wednesday, 24 Dec 2014 | 3:50 AM ET

    MOSCOW, Dec 24- Russia may fail to supply wheat to Egypt's GASC, the state buyer of the world's largest wheat importer, in January due to export curbs, Russia's Grain Union head Arkady Zlochevsky told reporters on Wednesday. Russia, expected to be the world's fourth-largest exporter this year with the largest buyers in Turkey and Egypt, had been exporting record...

  • *Rouble at its strongest against dollar since Dec. 8. MOSCOW, Dec 23- The Russian rouble rose to a two-week high on Tuesday after the government and the central bank put pressure on large state-owned exporters to sell dollars to stop further steep losses for the local currency. Kommersant newspaper said, citing unnamed sources, that Russian Prime Minister Dmitry...

  • *Kudrin: Russia didn't tackle problems fast enough. *Russia to be downgraded to' junk' status next year. MOSCOW, Dec 22- Russia's government has pushed the country into an economic crisis by not tackling its financial problems fast enough, former finance minister Alexei Kudrin said on Monday, as evidence mounted of trouble spreading through the economy.

  • *Kudrin: Russia to be downgraded to' junk' status next year. MOSCOW, Dec 22- Russia's government has pushed the country into an economic crisis by not tackling its financial problems fast enough, former finance minister Alexei Kudrin said on Monday, warning the full effects would be felt next year. Kudrin-- a darling of investors who is credited with building Russia's...

  • MOSCOW/ LONDON, Dec 19- Russia pays hugely inflated prices for vital medical equipment made by Western companies, in part because some manufacturers channel sales through obscure intermediary companies, a Reuters examination has found. An analysis of 20,000 transactions dated between January 2006 and July 2013 found that international companies sold...

  • MOSCOW, Dec 18- Russia will provide state development bank Vneshekonombank with 30 billion roubles in additional capital, Prime Minister Dmitry Medvedev said on Thursday, part of measures to shield banks from Western economic sanctions. VEB is among a number of state banks sanctioned by the West over Russia's role in the Ukraine crisis, meaning its access to...

  • MOSCOW, Dec 17- Russia's rouble strengthened sharply on Wednesday after dramatic falls on the previous two days as the government pressured exporters not to hoard foreign-currency earnings and the central bank announced new measures to support financial stability. The situation poses a major challenge for President Vladimir Putin whose popularity,...

  • MOSCOW, Dec 17- Prime Minister Dmitry Medvedev called on Russia's top exporters on Wednesday to behave "responsibly" and manage their foreign currency revenues in a way that would not boost rouble volatility, the government's press office said.

  • MOSCOW, Dec 16- The overnight decision by the Russian central bank to raise rates came too late, RIA Novosti cited Economy Minister Alexei Ulyukayev as saying on Tuesday. Ulyukayev, speaking after a meeting with top policy makers hosted by Prime Minister Dmitry Medvedev, also said capital controls were not discussed. Ulyukayev added the officials discussed...

  • MOSCOW, Dec 16- Russian Prime Minister Dmitry Medvedev held a meeting on Tuesday with top central bank and government officials on the country's financial and economic situation, according to a press release published on the government's website. "The meeting was attended by First Deputy Prime Minister Igor Shuvalov, an aide to the President of Russia Andrei...

  • MOSCOW, Dec 16- Russia failed to halt the collapse of the rouble on Tuesday, leaving President Vladimir Putin facing a full-blown currency crisis that could weaken his iron grip on power. A 6.5 percentage point interest rate rise to 17 percent overnight failed to prevent the currency hitting record lows in a "perfect storm" of low oil prices, looming recession and...