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Russian Central Bank Slashes Key Rate to 17% as Economic Slowdown Fears Grow

Policymakers said inflation expectations “remain high.”

Russia Plans Bankruptcy Moratorium to Shield Struggling Steelmakers – Kommersant

Analysts said that the proposal is aimed primarily at coal and steel producer Mechel, which is controlled by Igor Zyuzin.
2 Min read

Russia’s Wartime Investment Boom Falters, Kremlin-Linked Think Tank Says

The supply of key investment goods is shrinking despite heavy government spending, analysts determined.
2 Min read

Japan to Close All Business Training Centers in Russia

Known as Japanese Centers, the state-backed facilities have operated in six Russian cities, including Moscow and Vladivostok, since 1994.
1 Min read

Trump Ready to Match EU Tariffs on China, India to Pressure Putin – U.S. Official

Trump raised the possibility of tariffs between 50% and 100% on Moscow's oil buyers to hit at revenue it needs for the war in Ukraine, the official said...
2 Min read

China Eyes 'Panda Bond' Fundraising by Russian Energy Firms – FT

If approved, the borrowing would be the first Russian corporate bond placement in China since Moscow's invasion of Ukraine.
2 Min read

Chinese Exports to Russia Record Sharpest Drop Since February

Russian shipments to China also fell sharply, declining 17.8% year-on-year to $9.35 billion, a 6.9% decrease from July.
1 Min read

Seizing Russian Assets Would Risk 'Terrible Systemic Shock' to Euro – Belgian FM

The EU froze some 200 billion euros of Russian central bank assets after the 2022 invasion of Ukraine.
2 Min read

Gasoline Prices in Russia Continue to Soar, Beating August Record

Experts have largely attributed the increase to an uptick in Ukrainian attacks that have damaged refineries and forced major facilities offline.
2 Min read

Russian Economy Slipped Into ‘Technical Stagnation,’ Sberbank CEO Warns

German Gref also repeated his past warnings that the Russian Central Bank’s tight monetary policy risked tipping the country into recession.
2 Min read
News Analysis

What the Power of Siberia 2 Deal Really Means for Russia and China

Although the project has ostensibly been green-lighted, several uncertainties remain.
3 Min read
opinion Jason Corcoran

Putin’s Shanghai Bond Bonanza Is a Pipe Dream

The value of global financial institutions lies in transparency and predictability. Putin's for a new monetary infrastructure has none of that.
5 Min read

Gazprom Shares Tumble After Power of Siberia 2 Deal Announcement

Investors were quick to note that the deal signed in Beijing was only another memorandum of intent, not a binding supply contract.
2 Min read

Wartime Pressures Push Russian Corporate Losses to Highest Level Since Pandemic

Izvestia reported that it was the first time since the pandemic lockdowns of 2020 that the share of unprofitable businesses topped 30%.
2 Min read

Russia and China Sign Deal to Advance Power of Siberia 2 Pipeline

The deal was one of four agreements struck between Russia’s state energy giant Gazprom and the China National Petroleum Corporation, Gazprom’s chief...
2 Min read
opinion Sergei Vakulenko

Can Russia Weather a Fuel Crisis Caused by Ukrainian Drone Attacks?

Damage to Russian refineries has helped send gasoline prices to multi-year highs. But the government has options to mitigate the shortages.
6 Min read

Rutube Video Platform Plans Layoffs Ahead of Gazprom Media Merger – Report

Gazprom Media said earlier that Rutube would be combined with streaming service Premier and TikTok-style app Yappy under a single brand.
1 Min read

From War Surge to Slump: Is the Russian Economy Heading Toward Recession?

The Russian economy is still posting GDP growth, but the war-driven boost from heavy budget spending is fading.
3 Min read

Russian Stocks Retreat After Ukraine Peace Talks Fail to Deliver

Blue chips, including Aeroflot, MTS, En+, Credit Bank of Moscow and Unipro, led the decline on Monday, each falling more than 2%.
1 Min read
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