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Russian Aircraft Industry Struggles to Replace Western Parts, Executive Says

Despite official promises to reduce dependence on Western suppliers, the country remains far from achieving meaningful production independence.

1 in 3 Russians Report Transfer Blocks Under New Central Bank Rules, Survey Finds

The measures, which went into effect on May 15, give banks the authority to limit transfers and block cards in cases of suspected fraud.
2 Min read

Abramovich Faces London Lawsuit Over Norilsk Nickel Asset Deal

The move escalates an already complex and acrimonious legal battle that has raged for more than 15 years.
2 Min read

EU Moves Toward Floating Price Cap for Russian Oil

The floating mechanism aims to respond more effectively to market fluctuations and to undercut Russia’s oil revenues.
2 Min read

Russian Workers at Turkish Nuclear Plant Report Months of Unpaid Wages

The workforce at the Akkuyu plant, one of Moscow’s most high-profile overseas energy projects, has reportedly shrunk from 12,000 to just 3,000.
2 Min read

Russia-China Trade Falls 9% in First Half of 2025

The decline in trade comes after overall growth in Russia-China commerce slowed sharply in 2024, rising just 1.9% year-on-year.
1 Min read

Russian Developers Urge Ban on Microsoft Windows for School Exams

The developers argue that this approach violates a presidential decree that prohibits the use of foreign software by government institutions and their...
2 Min read

IEA Raises Doubts Over Russia’s Ability to Restore Oil Output

Russian oil supply continued to decline through most of 2024 and into early 2025, raising “questions about Russia’s ability to sustain its upstream...
2 Min read

Russia Nationalizes Country’s Third-Largest Gold Producer

A representative from the Yuzhuralzoloto Group of Companies said it would decide whether to appeal the court ruling after it was fully released.
2 Min read

Dutch Court Sentences Russian to 3 Years for Sharing Microchip Technology

Prosecutors said German Aksenov sent technical specifications for microchip production from ASML and NXP to Russian intelligence.
1 Min read

Russian Grain Exports Plunge to 17-Year Low

Severe drought, sluggish prices and a stronger ruble are putting mounting pressure on the country’s agricultural sector.
2 Min read

Russia’s Fast Payment System Hit by Major Outage

The disruption of the Central Bank-operated FPS also affected key financial services, including those of Sberbank, T-Bank, Ozon Bank and Yandex Pay.
1 Min read

Seized U.S.-Owned Canned Food Producer to Explore Chinese, North Korean Markets Amid Sales Slide – Reuters

Sales at Russia’s largest canned food producer Glavprodukt, which is owned by the American Universal Beverage Company (UBC), have declined sharply...
2 Min read
News Analysis

Does Russia's Economy Have a Debt Problem?

Record-high interest rates have led to warnings of a systemic banking crisis in the next 12 months. How realistic is that possibility?
6 Min read

Survey Shows Many Russians Lack Financial Reserves

Approximately 38% of employed Russians have no financial cushion in case of an emergency.
1 Min read

Russia Weighs New Gasoline Export Ban to Tame Rising Domestic Prices – Izvestia

Retail gasoline prices rose 0.2% in the final two weeks of June and have climbed 3.25% since the beginning of the year.
2 Min read

Pork Prices Surge in Russia Following Potato Price Spike

The increases further intensify pressure on household food budgets as inflationary trends ripple through the country’s agricultural sector.
2 Min read

Taxi Fares in Moscow Surge Amid Driver Shortage

According to Rosstat, the price per kilometer for a taxi ride in Moscow rose 30.8% from May of last year to May 2025.
2 Min read

Kremlin Has Nationalized $50Bln in Assets Since Ukraine Invasion – Report

The sum is roughly equivalent to the country’s annual budget deficit or one-third of its annual military expenditures.
2 Min read
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