Russian economy

Russia’s NEW government: Why Vladimir Putin chose to stick with his team

This article first appeared on RussiaFeed
President Putin of Russia met on Friday with Russian Prime Minister Dmitry Medvedev, who confirmed to Putin the line up of Russia’s new government.
Russia’s new government – most ministers keep their jobs
Here is the Kremlin’s account of their discussion, which provides a full list of the ministers.

Consumer demand driving Russian economy

Counter-sanctions imposed on food imports and an unprecedented raft of subsidies have made many areas of farming more profitable in Russia [Xinhua]
Consumer demand has driven economic growth in Russia, the Central Bank said on Friday, adding that GDP growth in the first six months should reach between 1.0 and 1.5 per cent.
This is slightly lower than an earlier forecast.
It also cited “further recovery of production activity” and near-record low inflationary expectations.