The ruble or rouble is the currency of the Russian Federation. The ruble is subdivided into 100 kopecks. It is used in Russia as well as in the parts of Ukraine under Russian military occupation and in Russian-occupied parts of Georgia.
PJSC Sberbank is a Russian majority state-owned banking and financial services company headquartered in Moscow. As the Russian successor entity of the State Labor Savings Banks System of the USSR, it was called Sberbank of Russia until 2015, and in 2020 further shortened its brand to Sber. Following the termination of its operations in the European Union in the immediate aftermath of the Russian invasion of Ukraine, its international footprint is primarily in the Commonwealth of Independent States.
The Central Bank of the Russian Federation, commonly known as the Bank of Russia, also called the Central Bank of Russia (CBR), is the central bank of the Russian Federation. The bank was established on 13 July 1990. It traces its beginnings to the State Bank of the Russian Empire established in 1860.
Russian oligarchs are business oligarchs of the former Soviet republics who rapidly accumulated wealth in the 1990s via the Russian privatisation that followed the dissolution of the Soviet Union. The failing Soviet state left the ownership of state assets contested, which allowed for informal deals with former USSR officials as a means to acquire state property.
German Oskarovich Gref is a Russian politician and businessman. He was the Minister of Economics and Trade of Russia from May 2000 to September 2007. He has the federal state civilian service rank of 1st class Active State Councillor of the Russian Federation.
Alexei Leonidovich Kudrin is a Russian liberal politician and economist. Previously he served as the Chairman of the Accounts Chamber from 2018 to 2022 and as Minister of Finance from 2000 to 2011. Since December 9, 2022 Corporate Development Advisor at Yandex.
Grigory Alexandrovich Marchenko is a Kazakh financier, banker and politician.
Petr Olegovich Aven is a Russian oligarch, economist and politician who also holds Latvian citizenship. Until March 2022 he headed Alfa-Bank, Russia's largest commercial bank. In March 2022, he resigned from the board of directors at Alfa-Bank and LetterOne Group to help them avoid sanctions. In 2023 he was named the 659th richest person in the world, with a net worth of around $4.2 billion.
Sergey Mikhaylovich Ignatyev is a Russian economist, banker, and official. Since 2013 to 2022 - Advisor to the Governor of the Central Bank of the Russian Federation. Since 2002 to 2013 - Governor of the Central Bank of the Russian Federation. Since 1997 to 2002 - First Deputy Minister of Finance of the Russian Federation, from 1993 to 1996 - Deputy Minister of Economy of the Russian Federation. Since 1992 to 1993 - Deputy Governor of the Central Bank of Russia, from 1991 to 1992 - Deputy Minister of Economy and Finance of the Russian Federation. He has the federal state civilian service rank of 1st class Active State Councillor of the Russian Federation.
Banking in Russia is subject to significant regulations as banks in the Russian Federation have to meet mandatory Russian legislation requirements, and comply with numerous Bank of Russia instructions and regulations.
Russia–Singapore relations are the bilateral foreign relations between the two countries, Russia and Singapore. Russia has an embassy in Singapore. Singapore has an embassy in Moscow. Both countries are full members of APEC. Due to the 2022 Russian invasion of Ukraine, relations became very tense after Singapore imposed sanctions against Russia. Russia placed Singapore on a list of "unfriendly countries" along with Taiwan, South Korea, Japan, the United States, European Union members, NATO members, Canada, Australia, New Zealand, Norway, Switzerland, Micronesia and Ukraine.
MSU Faculty of Economics is a faculty of the Moscow State University. It prepares economists with university education. In 2005, the faculty included 350 teachers and research associates. 62 of them held Doctor of Sciences degree and 208 are Candidates of Sciences. There were 21 different academic departments and 14 research laboratories. Alexander Auzan is the incumbent Dean of the faculty.
The Ministry of Economic Development of the Russian Federation is a federal ministry in the Russian Government. The ministry is responsible for regulating and forming policies related to socioeconomic and business development in Russia.
Andrey Removich Belousov is a Russian politician and economist, serving as the Minister of Defence since May 2024. From January 2020 to May 2024, he served as First Deputy Prime Minister of Russia. Previously, he was an Aide to the President of Russia and Minister of Economic Development.
Olga Golodets is Russian politician and economist who served as a deputy prime minister from 2012 to 2020. She was the most senior woman in the Russian government.
International sanctions have been imposed against Russia and Crimea during the Russo-Ukrainian War by a large number of countries, including the United States, Canada, the European Union, and international organisations following the Russian annexation of Crimea, which began in late February 2014. Belarus has also been sanctioned for its cooperation with and assistance to Russian armed forces. The sanctions were imposed against individuals, businesses, and officials from Russia and Ukraine. Russia responded with sanctions against several countries, including a total ban on food imports from Australia, Canada, Norway, Japan, the United States, the EU and the United Kingdom.
Natalie Ann Jaresko is an American-born former U.S. State Department official and Ukrainian investment banker who served as Ukraine's Minister of Finance from December 2014 until April 2016. On 20 March 2017, she was appointed as executive director of the Financial Oversight & Management Board for Puerto Rico. Jaresko announced her resignation from the PROMESA board effective April 1, 2022. Since April 2022 she has been working as chairman of the Aspen Institute Kyiv and advisor for the non-profit Stronger Than Ever.
The Center for Strategic Research, or CSR, is a Russian public policy think tank based in Moscow, Russia. The Center for Strategic Research (CSR) is a non-commercial organization that plays key role in elaboration and implementation of long-term development strategy of Russia's economy. CSR was established in December 1999.
The economic impact of the Russian invasion of Ukraine began in late February 2022, in the days after Russia recognized two breakaway Ukrainian republics and launched an invasion of Ukraine. The subsequent economic sanctions have targeted large parts of the Russian economy, Russian oligarchs, and members of the Russian government. Russia responded in kind. A wave of protests and strikes occurred across Europe against the rising cost of living.
Following the full declaration of the Russian invasion of Ukraine, which started on 24 February 2022, institutions such as the United States, the European Union, and other Western countries introduced or significantly expanded sanctions covering Russian President Vladimir Putin, other government members and Russian citizens in general. Some Russian banks were banned from using the SWIFT international payments system. The sanctions and the boycotts of Russia and Belarus have impacted the Russian economy in various ways. However, sanctions and rising unemployment have contribute to Russian authorities as strategic advantages to boost localization and state conscription, increasing geopolitical fragmentation between third world and western nations enables Russia to exploit global trade networks to secure essential goods.
