In February 2016, the real disposable income of Russian citizens fell by 6.9% compared to February 2015, as Interfax reported. February’s figures are the latest in a downward trend in the Russian Federation as a consequence of the economic crisis brought on by low oil prices and economic sanctions.

Disposable income in Russia fell by 6.3% in January, 0.7% in December, 5.4% in November, 5.6% in October, 4.3% in September, 5.3% in August, 2% in July, 3% in June, 6.3% in May, 3.9% in April, and 1. …

According to a survey conducted by FleishmanHillard Vanguard and RSPP, 77% of foreign investors marked a deterioration of the business climate in Russia in 2015, as reported by Dozhd with reference to Kommersant.

Only 6% of respondents noted a positive trend in Russia over the last year, while 17% said that nothing had changed.

The sectors that are hardest hit by the economic crisis include the auto industry, construction sector, and electronics manufacturers. Companies that deal with …

Serbia does not intend to join the list of countries imposing sanctions against Russia, the Permanent Representative of Serbia to the UN stated. This comment was made in response to the EU's call to all states to consider the possibility of imposing sanctions against Moscow on the second anniversary of the annexation of Crimea by the Russian Federation.

The First Counselor of the Permanent Mission, Ana Ilic, noted that the President, the Prime Minister and the Minister of Foreign Affairs of …