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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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RUSSIA: Federal budget revenues will grow further
A growing number of regions face insolvency, threatening national financial stability and requiring immediate solutions from central government. Regional indebtedness has…
Policy differences reflected in Russian budget debate
Prospects for Russian economy in 2016.
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DOI: 10.1108/OXAN-DB206837
ISSN: 2633-304X
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Banking sector profitability surged from RUB199bn (USD2.2bn) in 2022 to around RUB3.3tn in 2023. Rising profitability was generated by robust credit expansion, lower loan…
Financing sources for Russian companies.
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DOI: 10.1108/OXAN-DB222472
ISSN: 2633-304X
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The bill is in parliament and could be voted on soon. The expropriation of firms and factories owned by Western firms will initiate profound economic restructuring and accelerate…
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DOI: 10.1108/OXAN-DB268309
ISSN: 2633-304X
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Spending 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…
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…