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Business

Sanctions Windfall

Trump’s Oil Sanctions Leave Russian Exporters $1 Billion Richer

U.S. President Donald Trump’s sanctions against Iran and Venezuela have inadvertently increased demand for a Russian brand of crude oil.
Adviser Gone

Putin’s Iconoclastic Economics Guru to Lose Kremlin Post

The economist known for challenging Russia’s tight-money policies is leaving the Kremlin after seven years.
Business feature

Five Years of Sanctions: No Reason to Celebrate

At first glance, the health of Russia's banking and financial sectors might give you the impression sanctions are no longer in force.
debt trap

Relentless Rise of Consumer Debt in Russia Fuels Bubble Fears For Some

After five years of shrinking real incomes many Russians are borrowing to make ends meet.
Market Entry

Russia’s Sportmaster Retailer to Expand into Europe

The sports clothing and accessory giant is looking to acquire the Polish operations of the Go Sport Group.
Airline Privatization

Russian Watchdog Proposes Privatizing Aeroflot's Budget Airline Pobeda

A privatized Pobeda could focus on domestic destinations and bring down the famously expensive internal flights.
Sluggish Growth

Russia Records Slightly Improved but Still Weak GDP Growth of 0.9%

Economists speculate that the pick up was due to an improvement in industry and an easing pace of contraction in the wholesale trade sector.
central bank

Net Capital Outflow from Russia Increases by 1.6 Times to $28Bln

The outflow was mainly due to banks' operations, which have steadily been paying down external liabilities and building up their foreign assets.
Investment Rating

Fitch Upgrades Russia’s Rating, Returning It to 2014 Level

The rating agency cited Russia’s strengthened policy mix, low external debt and robust fiscal health as reasons for the upgrade.
economic stagnation

Now It’s Trump’s Fault That Putin’s Economy Just Won’t Grow

The U.S. president’s trade war with China has weighed on the global economy.
leaps and bounds

Wildberries Overtakes Sportmaster as Russia’s Biggest Clothes Retailer

This is the first time an e-commerce store has become a market leader in the country.
buffer zones

Russia’s Top Borrowers Join Calls to Let Banks Use Domestic Ratings

There is a movement to allow Russian agencies to set banks’ capital buffers, which the central bank is resisting.
Cars for Shares

Russian Carsharing Startup Delimobil Could Sell Shares in 2020

The carsharing market in Moscow reached up to 13,000 vehicles last year.
Frozen Out

Zvezda Shipyard Loses Two Major Icebreaker Orders to Rival

The two ships will be the most expensive non-military vessels to ever be built in Russia.
Cashing In

Russia's Gazprom Could Sell More Shares in Autumn 2019

The gas giant is looking to cash in on a dramatic rally in its share price.
production increase

Russian Oil and Gas Output Continues Rising Despite Setbacks

Production increased despite the dirty oil crisis and a recent dip in gas exports.
Lost Growth

Impact of Sanctions on Russia's GDP Less Severe Than Low Oil Prices - IMF

The fall in oil prices cost the country on average $48.75 billion in lost economic growth per year.
Twice as Nice

Russia's National Welfare Fund Doubled in July to $124 Billion

The sudden rise was caused by the Minstry of Finance adding cash it siphons off from oil revenues.
de-dollarization

Putin’s Pledge to Ditch the Dollar Is Slowly Becoming a Reality

The Russian president wants to lower the economy’s vulnerability to U.S. sanctions.
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