Tag: Ministry of Economic Development

To save money, the Russian finance ministry has proposed to raise the retirement age to 65, end pension payments to those who are still working, and otherwise reduce the amount Moscow has to pay out. Many are horrified.

Since the beginning of the year the growth of industrial production and the Russian economy as a whole has almost stopped. However Alexei Ulyukaev, the new chief of the Ministry of Economic Development, is confident that it will not result in a recession. Officials and a number of independent experts expect a recovery in growth […]