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command economy

Russia's Central Bank Under Pressure to Be 'More Upbeat' – Bloomberg

President Vladimir Putin’s government is pressuring Russia’s Central Bank to be “more upbeat” about the country’s economy...

Russian Budget Deficit Swells on Increased War Spending, Falling Energy Revenues

Russia's budget deficit surged to 1.76 trillion rubles ($24.8 billion) in January 2023, the Finance Ministry said Monday, as Western sanctions cut into...

europe-funded deal

Georgian Authorities Face Backlash Over Russian Purchases

News that Tbilisi is moving forward with the purchase of Russian-made subway cars has been met with outrage in Georgia, where dealings with the northern...

5 Graphs Explaining Russia’s Wartime Economy

As Russian officials play down the economic impact of President Vladimir Putin’s order to invade Ukraine, the emergence of end-of-year data from...

blocked revenue

Russia Enacts Oil Sale Ban on Price Cap-Compliant Countries

Russia’s ban on oil exports to countries and companies that adhere to a Western price cap aiming to constrain the Kremlin’s energy revenues...

positive growth

IMF Reverses Negative 2023 Forecast for Russian Economy

The Russian economy is predicted to grow 0.3% in 2023 despite setbacks from unprecedented Western sanctions over the Ukraine invasion, according to data...

white, black or green

Russia’s Top Automaker Hit By Car Paint Shortage

Russia’s top carmaker is facing a car paint shortage, limiting color options for car-buyers to white, black and dark green, Vedomosti business newspaper...

Uzbekistan to Import Russian Gas for First Time Amid Energy Crisis

Uzbekistan will import natural gas from Russia for the first time ever as the Central Asian country faces an energy crisis, the authorities in Tashkent...

Only 8.5% of Western Firms Have Left Russia – Study

Despite widespread outrage over Moscow's war in Ukraine, only a small number of Western companies have deserted Russia, according to a Swiss study. Researchers...

no more obstacles

Russia’s Sberbank Launches Operations in Annexed Crimea

Russia’s largest bank Sberbank is launching operations in Crimea for the first time since Moscow annexed the peninsula from Ukraine in 2014, Russian...

Kremlin: Russian Firms Can Ignore 'Unfriendly' Foreign Shareholders

The Kremlin has given major Russian companies permission to disregard the votes of shareholders from so-called "unfriendly" countries this year as a means...

supply and demand

Russian McDonald's Spinoff Sets Sights on Kazakhstan Market

The owner of the rebranded Russian McDonald’s is seeking to expand into Kazakhstan, the state-run RIA Novosti news agency reported Monday. The U...

crunching the numbers

Russia’s December Fiscal Deficit at Record-High – Bloomberg

Russia’s monthly fiscal deficit reached a record 3.9 trillion rubles in December amid the EU-imposed ban on seaborne crude oil exports and the increasing...

gradual decline

What Really Happened With Russia’s Economy in 2022?

While many analysts and observers expected the Russian economy to collapse under the weight of the Ukraine war and a flood of Western sanctions, the country...

Russian Defense Chief Says Military Factories Working ‘Around the Clock’

Factories in Russia producing military equipment are working nonstop and have withdrawn New Year holidays from employees, the head of state defense military...

declining volumes

Russian Gas Exports Outside Ex-Soviet States Fell 45.5% in 2022

Russian gas exports to countries outside a group of former Soviet republics plunged by 45.5% in 2022, figures from gas giant Gazprom showed Monday. Gazprom...

Yandex Co-Founder Bids Farewell to Partitioned Russian Tech Giant

The co-founder of Yandex, Arkady Volozh, announced on Friday that he was leaving the Russian tech giant, addressing a farewell letter to the firm&rsquo...

'super volatility'

Gazprom Exports to Europe Nearly Halve in 2022

Russian energy giant Gazprom’s gas exports to Europe nearly halved in 2022, according to calculations based on company data published on Wednesday...

Gazprom CEO Admits 'Difficult' Year for Russian Energy Giant

The head of Gazprom admitted on Wednesday that the Russian energy giant had experienced a challenging year as the company sought new markets following...

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