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From 2008-2012, he was director of the department for economics and finance in the government apparatus, the same years Putin served as prime minister. * In 2012, he was made economics minister.
On 10 April 2022, Bloomberg News service reported that the Ukrainian economic growth for 2022 is likely to suffer a sharp decline estimated at a 45% decrease in annual performance as a result of the Russian invasion. [81] On 21 July 2022, the National Bank of Ukraine devalued the hryvnia by 25%.
Dmitry Peskov, Putin's spokesman, explained the rationale of picking Belousov in a late-night Sunday briefing, saying that defence and related spending had gone from 3% of gross domestic product ...
MOSCOW (Reuters) -Russian President Vladimir Putin tapped a civilian economist as his surprise new defence minister on Sunday in an attempt to gird Russia for economic war by trying to better ...
Vietnam became Russia's largest weapons customer in terms of new contracts signed in 2009, especially due to a large order for six Project 636M Kilo-class submarines. Vietnam is expected to considerably increase its share of Russian arms exports in the future. Russia's military exports between 2008 and 2011 amounted to $29.8 billion.
IHS Inc. estimated the 2013 Russian military budget as being US$68.9 billion, US$78 billion in 2014, and predict a rise to US$98 billion in 2016. [18] IHS described this as a rapid increase in spending which will result in the defence budget increasing from 15.7 percent of federal expenditure in 2013 to 20.6 percent by 2016.
Russian President Vladimir Putin has replaced his defense minister and close ally Sergei Shoigu with a civilian economist, a major reshuffle of military leadership more than two-years after Moscow ...
In 2001, Putin, who has advocated liberal economic policies, introduced a flat tax rate of 13%; [17] [18] the corporate rate of tax was also reduced from 35 percent to 24 percent; [17] Small businesses also get better treatment.