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Tag Archives: Russian Economy

Foreign Companies Approach Russia Cautiously

22-Aug-09

Despite being the world’s largest energy producer, foreign companies seem to have taken a cautious approach towards Russia. The oil-driven economy announced that its Foreign Direct Investment plummeted a record 45% to US$6.1B for the first half of 2009 (when compared to the same period last year). This adds to the already gloomy economic reports [...]

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Russia’s Economy Shrinks

12-Jun-09

Russia’s Economy shrank the most in 15 years in the first quarter of 2009 as the world’s largest energy supplier approaches its first recession in a decade. The Government’s recent efforts to stimulate the economy have failed with industrial production and consumption spending posting record declines. As a result, GDP shrank an annual 9.*%, a [...]

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