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Oil-rich Russia sees economic growth ahead

Energy Daily Friday, 2 December 2016 ()
Oil-rich Russia sees economic growth aheadMoscow (UPI) Dec 1, 2016

The economy of oil-rich Russia could catch up with the rest of the world in about 10 years if the conditions are right, the country's finance minister said. Russian Finance Minister Anton Siluanov said the economy could grow at around 3 percent by 2025 provided policies are in place to support lower inflation, lower interest rates and a stable tax regime. "This is a very ambitiou
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News video: Why Russia's Central Bank Is Counting on Oil

Why Russia's Central Bank Is Counting on Oil 01:50

Dec.07 -- From income inequality to Russia’s inverted yield curve, threats have come from all directions during the central bank’s march toward its 4 percent target next year. The latest challenge may test the limit of its tools to ward off pressure on prices as authorities adjust state-regulated...

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