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Business

Russian Wholesale Gasoline Prices Jump on Refinery Drone Strikes

Wholesale gasoline prices posted their sharpest weekly increase since July 2025.

Russians Spend Nearly $50Bln on Foreign Travel as Stronger Ruble Fuels Outbound Boom

Turkey, the UAE, Egypt, China and Thailand were the most popular destinations.
4 Min read

Saudi Firm Signs Preliminary Deal to Buy Lukoil’s Overseas Assets – Reuters

The agreement was signed in late January amid what one source described as a “heated battle with competitors.” 
2 Min read

Russian Steelmakers Seek Tax Relief as Output Falls, Layoffs Begin

Producers have begun shifting to shorter working weeks, laid off about 3,000 employees and were placing blast furnaces into hot idle mode due to declining...
2 Min read

Russian Central Bank Trims Key Rate, Sees a More Balanced Economy Ahead

Policymakers said the economy “continues to return to a balanced growth path” despite an uptick in inflation in January.
2 Min read

Russia’s External Debt Hits 20-Year High

As of Feb. 1, foreign investors held $61.97 billion in Russian government debt. The majority of those holdings are long-term bonds.
2 Min read

Russia’s Ural Airlines to Extend Airbus A320 Lifespan Amid Parts Shortages

“One can only hope this ‘major step forward’ comes without human casualties,” one expert wrote.
2 Min read

Russian Business Climate Indicator Slips to Near-Stagnation

February’s reading was the weakest since October 2022, when business activity slumped in the wake of Russia’s “partial” mobilization for the war...
3 Min read

Russian Companies Move Millions to Part-Time Work in Decade High

The surge in part-time work highlights the hidden strain on Russia’s economy as the invasion of Ukraine nears its four-year mark.
2 Min read

Russian Deposit Rates Fall to Lowest Level Since December 2023

“The period of ultra-high-yield deposits is over,” one analyst said.
2 Min read
opinion Sergei Shelin

Putin Is Battling Inflation – But Sacrificing Russia’s Economy

Some economists think the Kremlin's obsession with reducing inflation is an ideological decision that harms the war effort.
6 Min read

Russian IT Wages Stagnate as Growth Falls Behind Inflation

Rising prices have begun to erode real incomes for IT workers.
2 Min read

Russia’s Northern Sea Route Cargo Volumes Fall for Second Straight Year

Despite the Kremlin's plan to boost traffic along the Northern Sea Route, international demand remains limited due to a variety of factors.
2 Min read

Ukrainian Strikes Cost Russian Oil Sector Over $13Bln in 2025, Insurers Say

Bloomberg calculated that Ukraine carried out 120 attacks on Russian energy facilities in 2025.
2 Min read

Russia’s January Budget Deficit Hits Nearly Half of Annual Target

The budget deficit widened even further as oil and gas revenues fell by 50% to a five-year low.
2 Min read

Russian Exporters’ FX Sales Fall to 3-Year Low, But Ruble Holds Firm

Net foreign currency sales by Russia’s largest exporters fell to $4.7 billion in December, the lowest level since the Central Bank started publishing...
3 Min read
Feature

As Everyday Prices Creep Upwards, Russians Feel the Pinch

Russian shoppers have flooded social media with videos complaining about rising prices. What is driving the surge?
5 Min read

Russian Companies Forced Out of Venezuela After U.S. Capture of Maduro, Lavrov Says

“Right now, in the wake of the events in Venezuela, our companies are being quite openly forced out of the country,” Lavrov claimed.
2 Min read

Credit Bank of Moscow Posts Rare Loss as Bad Loans Surge

Most of the losses were recorded in December, when the bank posted an 8.2-billion-ruble ($106.6 million) loss.
2 Min read
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