As the Russian economy is benefiting from high oil prices, households spent 22% more on the purchase of goods and services in the reporting period compared to January-February 2006, the State Statistics Service said.
In February 2007, the nominal accrued wage per employee was 11,659 rubles ($448) on average, up 2% against January, and 26.4% more than in February 2006, the service earlier said.
Russian household savings increased 1.6% in the reporting period to 397.2 billion rubles (about $15.28 billion), the statistics body said.
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New ties between Russia and Japan would mark not only a breakthrough in their relations but also a significant shift in Northeast Asia’s political dynamic. Both are secondary players in a region overshadowed by an increasingly assertive China, which has not hesitated to push against the boundaries of its neighbors.