Vladimir Putin, is the current President of the Russian Federation, holding the office since 7 May 2012. During Putin's first period of presidency, the Russian economy grew for eight straight years, and purchasing power for his people increased 72%. The growth was a result of high oil prices, 2000s commodities boom, and prudent fiscal and economic policies.
Putin has said that overcoming the consequences of the world economic crisis was one of the two main achievements of his second term as Russian President. The other was the stabilizing the size of Russia's population between 2008–2011 following a long period of demographic collapse that began in the 1990s. But the economic development of Russia experienced a significant setback due to the sanctions and the concurrent fall in the world price of oil.
The IMF has estimated that about half of the decline in GDP in 2015 was due to sanctions and Russia's ban on imports in response.
The continued financial crisis began in the second half of 2014 when the Russian ruble collapsed due to a decline in the price of oil and international sanctions against Russia. These events in turn led to loss of investor confidence and capital flight. Russia responded with its own sanctions against the West. Additionally, to compensate for the sanctions, Russia developed closer economic ties with Eastern countries. In October 2014, energy, trade and finance agreements with China worth $25 billion were signed. The following year, a $400 billion 30-year natural gas supply agreement was also signed with China.
Lessons from working in finance that helped drive entrepreneurial success
... finances wisely. Early in my career, I wasn't considering how these lessons would one day translate into running my own business, but they ...
>> Read more here
State scrutinizes 2 Las Vegas charter schools over their finances - YouTube
The state agency that oversees charter schools is narrowing in on the finances of several valley schools, claiming they have too much debt to stay ...
>> Read more here
Judge Halts Trump's Mass Firings at Consumer Finance Watchdog Agency
A federal judge blocked the Trump administration from gutting an independent agency tasked with protecting people from financial fraud.
>> Read more here
$SRC Ecosystem Joins Trade Finance Distribution Initiative - GlobeNewswire
TFDi, a global consortium of leading banks, non-bank financial institutions, and technology providers, is dedicated to transforming trade finance into ...
>> Read more here
India's forex reserves rise to 677.8 bln USD | The Peninsula Qatar
New Delhi: India s foreign exchange (forex) reserves increased by 1.567 billion U.S. dollars to 677.835 billion dollars during the week ended ...
>> Read more here
How to Manage Your Watchlist on TradingView | FOREX.com - YouTube
Welcome, traders! In this video, we'll walk you through how to create and save watchlists on TradingView when connected to your FOREX.com account.
>> Read more here
Kraken Expands Into Forex With FX Perps Debut - The Crypto Times
Kraken, a well-known cryptocurrency exchange, is broadening its offerings by introducing forex perpetual futures (FX perps).
>> Read more here
Kraken adds forex perpetual futures contracts to its Pro platform - Cointelegraph
Cryptocurrency exchange Kraken introduced foreign exchange (forex) perpetual futures contracts to its Kraken Pro platform on April 18, giving ...
>> Read more here
Insight into Forex Trading: Tips, Concepts, How and Why - MarketForces Africa
With skills, FX traders could also become billionaires in the forex markets. The foreign exchange (forex) market has seen a strong increase in ...
>> Read more here
Kraken Moves Into Forex Trading With Perpetual Contracts for Major Pairs
Kraken's latest addition, live now on Kraken Pro, brings the forex market to a platform previously centered on cryptocurrencies. Unlike traditional FX ...
>> Read more here
