The shrinking population could result in a severe labor shortage by the end of the decade, Dmitry Chernyshenko has warned A “terrible” demographic crisis is looming over Russia and could result in an acute labor shortage of up to 2.4 million workers by 2030, Deputy Prime Minister Dmitry Chernyshenko has warned.

The new settlement mechanism will allow countries to bypass Western financial messenger SWIFT, Anton Siluanov has said BRICS finance ministers are currently examining the possibility of launching a common blockchain-based system of financial settlements that could be used in place of the Western-dominated financial messaging system SWIFT, Russian Finance Minister Anton Siluanov said on Friday.

The trend has largely been driven by non-resource sectors, the president has said The Russian economy is growing more quickly than those of other major global powers and is doing so without a reliance on oil and gas, President Vladimir Putin said on Friday.