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1 – 10 of 26Spending will be cut by nearly 2% this year to keep the budget in a slight surplus. Russian policymakers face a now familiar trade-off between their desire for fiscal rectitude…
These payments come shortly after the ministry placed a 725-million-dollar, six-month Eurobond with private investors. The government seems to have had no alternative to this…
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DOI: 10.1108/OXAN-DB238218
ISSN: 2633-304X
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The collapse in commodity prices, above all oil, plus the impact of an extended lockdown have depressed Russia's exports, investment and consumption. The economic prospects could…
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DOI: 10.1108/OXAN-DB253071
ISSN: 2633-304X
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Belarus's pension system.
While international reserves are healthy, that portion held in sovereign wealth funds to support budgetary spending has been severely depleted by government drawdowns, and one of…
Concern about the need to preserve one of the SWFs to support the pension system is probably a major reason behind the rejection. The Ministry of Economic Development had already…
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DOI: 10.1108/OXAN-DB200072
ISSN: 2633-304X
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Last year, these transfers hit a record level, as Moscow issued extra money to help regions cope with the COVID-19 pandemic, but this was still not enough to cover all their…
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DOI: 10.1108/OXAN-DB262168
ISSN: 2633-304X
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Geographic
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Russia's economic performance.
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DOI: 10.1108/OXAN-DB242125
ISSN: 2633-304X
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Geographic
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The budget allocates substantial funds to the National Projects, a sweeping development programme unveiled in 2018 and rescheduled in July this year. Despite the renewed focus on…
The measures are part of efforts to prepare Kazkommertsbank for a takeover by Halyk Bank, the second-largest financial institution, which signed a non-binding memorandum on March…