VENTURE CAPITAL POST

Despite international sanctions over its war in Ukraine, the International Monetary Fund (IMF) has forecasted that the economy of Russia will grow quicker than all of the advanced economies in the world, including the United States, in 2024.

Economists warned that Russia's economic strength could likely wane this year, with Russian President Vladimir Putin likely to lose support if Western sanctions make life more difficult for Russians.

Russia's President Vladimir Putin could decide to increase taxes after this month's election to fund the country's war in Ukraine.

China's yuan has ousted the US dollar as the most traded currency in Russia in 2023.

A former central bank official in Russia said the war in Ukraine is taking much of the nation's financial resources.

Activity in Russia's manufacturing industry scaled up at its fastest pace in almost seven years in December, according to a business survey.

Russian President Vladimir Putin has issued a rare apology for Russia's inflation problem, which resulted in the soaring of egg prices this week.

Russian President Vladimir Putin has asserted that the economic isolation Russia faces due to international sanctions is even helping the country to transform into a "growth center" in a "new global economy."

A memorandum of understanding was signed by two statesmen of India and Russia. PM Modi and President Putin had made a deal on mutiple sector projects.They had inked the 16 agreements on Saturday.

According to Indra Nooyi, the ongoing global economic slowdown threatens economic recovery in the US. The oil market combined with political turmoil creates an economic pressure in the nation.

The Russian Central Bank revoked license for banking for two banks, the Interkommerzbank and Alta Bank. The license revoke is part of the tougher regulation set by the Russian government to help strengthen the country's economy.