Russia’s economy grew at less than half the previous year’s pace in 2013, missing economist forecasts as investment fell amid a record slump in Europe. Officials warned the outlook remains weak for this quarter.
When Igor Sechin was working as President Vladimir Putin’s deputy chief of staff a decade ago, visitors to his Kremlin office noticed an unusual collection on the bookshelves: row after row of bound volumes containing minutes of Communist Party congresses.
Russia ramped up pressure on Ukraine with a threat of withholding aid until the country forms a new government after the cabinet loyal to President Viktor Yanukovych bowed to nationwide protests and quit.
Russia will wait until Ukraine forms a new government before honoring agreements to reduce natural gas prices and channeling the remainder of a $15 billion rescue package to its neighbor, President Vladimir Putin said.
Advocates of Bitcoin gained support from OAO Sberbank chief Herman Gref, who’s urging the Kremlin to stop Russian lawmakers from curbing the use of virtual currencies in a bill designed to cut funding for terrorists.