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Russian Default
The Russian financial crisis (also called the ruble crisis or the Russian flu) began in Russia on 17 August 1998. It resulted in the Russian government and the Russian Central Bank devaluing the ruble and defaulting on its debt. The crisis had severe impacts on the economies of many neighboring countries. Background and course of events The Russian economy had set up a path for improvement after the Soviet Union had split into different countries. Russia was supposed to provide assistance to the former Soviet states and, as a result, imported heavily from them. In Russia, foreign loans financed domestic investments. When it was unable to pay back those foreign borrowings, the ruble devalued. In mid-1997 Russia had finally found a way out of inflation. The economic supervisors were happy about inflation coming to a standstill. Then the crisis hit and supervisors had to implement a new policy. Both Russia and the countries that exported to it experienced fiscal deficits. The cou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russian Economy Since Fall Of Soviet Union
Russian(s) refers to anything related to Russia, including: *Russians (, ''russkiye''), an ethnic group of the East Slavic peoples, primarily living in Russia and neighboring countries *Rossiyane (), Russian language term for all citizens and people of Russia, regardless of ethnicity *Russophone, Russian-speaking person (, ''russkogovoryashchy'', ''russkoyazychny'') *Russian language, the most widely spoken of the Slavic languages *Russian alphabet *Russian cuisine *Russian culture *Russian studies Russian may also refer to: *Russian dressing *''The Russians'', a book by Hedrick Smith *Russian (comics), fictional Marvel Comics supervillain from ''The Punisher'' series *Russian (solitaire), a card game * "Russians" (song), from the album ''The Dream of the Blue Turtles'' by Sting *"Russian", from the album ''Tubular Bells 2003'' by Mike Oldfield *"Russian", from the album '' '' by Caravan Palace *Nik Russian, the perpetrator of a con committed in 2002 *The South African name for a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chechnya
Chechnya ( rus, Чечня́, Chechnyá, p=tɕɪtɕˈnʲa; ce, Нохчийчоь, Noxçiyçö), officially the Chechen Republic,; ce, Нохчийн Республика, Noxçiyn Respublika is a republic of Russia. It is situated in the North Caucasus of Eastern Europe, close to the Caspian Sea. The republic forms a part of the North Caucasian Federal District, and shares land borders with the country of Georgia to its south; with the Russian republics of Dagestan, Ingushetia, and North Ossetia-Alania to its east, north, and west; and with Stavropol Krai to its northwest. After the dissolution of the Soviet Union in 1991, the Checheno-Ingush ASSR split into two parts: the Republic of Ingushetia and the Chechen Republic. The latter proclaimed the Chechen Republic of Ichkeria, which sought independence. Following the First Chechen War of 1994–1996 with Russia, Chechnya gained ''de facto'' independence as the Chechen Republic of Ichkeria, although ''de jure'' it rem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Andrei Illarionov
Andrey Nikolayevich Illarionov (russian: Андре́й Никола́евич Илларио́нов, born 16 September 1961) is a Russian economist and former senior policy advisor to Vladimir Putin, the President of Russia, from April 2000 to December 2005. Since April 2021, he is a senior fellow at the far-right non-governmental organization Center for Security Policy, which is based out of Washington, D.C. in the United States. Since leaving his role in the government of the Russian Federation, he's become a critic of Putin's administration and particularly its stance on foreign relations (as well as doctrines on energy). For example, in April 2022, Illarionov declared in a news interview that change in the Kremlin would happen "sooner or later" given that "it is absolutely impossible to have any positive future for Russia with the current political regime." Life and career Andrey Illarionov was born on 16 September 1961, in Sestroretsk, a municipal town of Saint Peter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eurobond (international)
A eurobond is an international bond that is denominated in a currency not native to the country where it is issued. They are also called external bonds. They are usually categorised according to the currency in which they are issued: eurodollar, euroyen, and so on. The name became somewhat misleading with the advent of the euro currency in 1999; eurobonds were created in the 1960s, before the euro existed, and thus the etymology is to "European bonds" rather than "bonds denominated in the Euro currency". The eurobond market was traditionally centered in the City of London, with Luxembourg also being a primary listing center for these instruments. Eurobonds have since expanded and are traded throughout the world, with Singapore and Tokyo being notable markets as well. These bonds were originally created to escape regulation: by trading in US dollars in London, certain financial requirements of the US government unpopular with bankers could be evaded, and London was happy to wel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the Sustainable Development Goals as well as environmental and social safeguards. , the World Bank is run by a president and 25 executive directors, as well as 29 various vice ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boris Fyodorov
Boris Grigoryevich Fyodorov (russian: Борис Григорьевич Фёдоров) (13 February 1958 in Moscow – 20 November 2008 in London) was a Russian economist, politician, and reformer. Early life He was awarded a doctor of economics degree from the Moscow Finance Institute and authored over 200 publications. Career In 1988 working very closely with Fyodorov, Alexander Zhukov, and Kirill Ugolnikov (russian: Кирилл Угольников), Deloitte & Touche began providing services to the Soviet Union and continued with Russia.) was a General Director of Deloitte & Touche CIS and then became First Deputy Minister for Taxes and Levies of the Russian Federation. Later, he worked as the director of the tax department in the firm ''Vneshurkollegiya'' or ''Vneshyurkollegiya'' (russian: директор налогового департамента АО «Внешюрколлегия») The president of Vneshurkollegiya is Alexander Treshchev (russian: Алексан ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sergei Kiriyenko
Sergey Vladilenovich Kiriyenko (''Birth name, né'' ''Izraitel''; russian: Серге́й Владиле́нович Кирие́нко; born 26 July 1962) is a Russian politician who has served as First Deputy Chief of Staff of the Presidential Administration of Russia since 5 October 2016. Previously he served as the 30th Prime Minister of Russia from 23 March to 23 August 1998 under President Boris Yeltsin. Between 2005 and 2016 he was the head of Rosatom, the state nuclear energy corporation. Kiriyenko was the youngest Prime Minister of Russia, taking the position at age 35. Early life Sergei Kiriyenko's grandfather, Yakov Israitel, made his name as a devoted communist and member of the Cheka,Victor YasmanRussia: Sergei Kiriyenko -- Russia's 'Kinder Surprise'Radio Free Europe/Radio Liberty. 15 February 2006. and Vladimir Lenin awarded him with an inscribed pistol for his good service to the Communist Party of the Soviet Union. Sergei Kiriyenko, son of a History of the Jews ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Viktor Chernomyrdin's Second Cabinet
Viktor Chernomyrdin's Second Cabinet acted under President Boris Yeltsin from August 10, 1996 until March 23, 1998. The State Duma overwhelmingly confirmed reappointment of Chernomyrdin as head of the Cabinet, with 314 deputies voting in favor, far more than the simple majority of 216 needed for approval and 85 deputies were opposed.Communists Accept Yeltsin's Appointment, Chicago Tribune, August 11, 1996 Composition References {{Russian Government Cabinets Chernomyrdin Viktor Stepanovich Chernomyrdin (russian: Ви́ктор Степа́нович Черномы́рдин, ; 9 April 19383 November 2010) was a Soviet and Russian politician and businessman. He was the Minister of Gas Industry of the Soviet Unio ... 1996 establishments in Russia 1998 disestablishments in Russia Cabinets established in 1996 Cabinets disestablished in 1998 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Viktor Chernomyrdin
Viktor Stepanovich Chernomyrdin (russian: Ви́ктор Степа́нович Черномы́рдин, ; 9 April 19383 November 2010) was a Soviet and Russian politician and businessman. He was the Minister of Gas Industry of the Soviet Union (13 February 1985 – 17 July 1989), after which he became first chairman of Gazprom energy company and the second-longest-serving Prime Minister of Russia (1992–1998) based on consecutive years. He was a key figure in Russian politics in the 1990s and a participant in the transition from a planned to a market economy. From 2001 to 2009, he was Russia's ambassador to Ukraine. After that, he was designated as a presidential adviser. Chernomyrdin was known in Russia and Russian-speaking countries for his language style, which contained numerous malapropisms and syntactic errors. Many of his sayings became aphorisms and idioms in the Russian language, one example being the expression "We wanted the best, but it turned out like always." ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boris Yeltsin
Boris Nikolayevich Yeltsin ( rus, Борис Николаевич Ельцин, p=bɐˈrʲis nʲɪkɐˈla(j)ɪvʲɪtɕ ˈjelʲtsɨn, a=Ru-Boris Nikolayevich Yeltsin.ogg; 1 February 1931 – 23 April 2007) was a Soviet and Russian politician who served as the first president of the Russian Federation from 1991 to 1999. He was a member of the Communist Party of the Soviet Union from 1961 to 1990. He later stood as a Political Independent, political independent, during which time he was viewed as being ideologically aligned with liberalism and Russian nationalism. Yeltsin was born in Butka, Russia, Butka, Ural Oblast. He grew up in Kazan and Berezniki. After studying at the Ural State Technical University, he worked in construction. After joining the Communist Party, he rose through its ranks, and in 1976 he became First Secretary of the party's Sverdlovsk Oblast committee. Yeltsin was initially a supporter of the ''perestroika'' reforms of Soviet leader Mikhail Gorbachev. He lat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russian President
The president of the Russian Federation ( rus, Президент Российской Федерации, Prezident Rossiyskoy Federatsii) is the head of state of the Russian Federation. The president leads the executive branch of the federal government of Russia and is the commander-in-chief of the Russian Armed Forces. It is the highest office in Russia. The modern incarnation of the office emerged from the president of the Russian Soviet Federative Socialist Republic (RSFSR). In 1991, Boris Yeltsin was elected president of the RSFSR, becoming the first non Communist Party member to be elected into Soviet politics. He played a crucial role in the dissolution of the Soviet Union which saw the transformation of the RSFSR into the Russian Federation. Following a series of scandals and doubts about his leadership, violence erupted across Moscow in the 1993 Russian constitutional crisis. As a result, a new constitution was implemented and the 1993 Russian Constitution remains in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Exchange Reserves
Foreign exchange reserves (also called forex reserves or FX reserves) are cash and other reserve assets such as gold held by a central bank or other monetary authority that are primarily available to balance payments of the country, influence the foreign exchange rate of its currency, and to maintain confidence in financial markets. Reserves are held in one or more reserve currencies, nowadays mostly the United States dollar and to a lesser extent the euro. Foreign exchange reserves assets can comprise banknotes, bank deposits, and government securities of the reserve currency, such as bonds and treasury bills. Some countries hold a part of their reserves in gold, and special drawing rights are also considered reserve assets. Often, for convenience, the cash or securities are retained by the central bank of the reserve or other currency and the "holdings" of the foreign country are tagged or otherwise identified as belonging to the other country without them actually leaving ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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