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Articles with tag "Economy"

Russian Car Sales Plunge 27.5% Year-on-Year

Over 70% of all new passenger vehicles sold in Russia since the beginning of the year were produced in either 2023 or 2024.
opinion Jason Corcoran

How Putin Turned Against Tech and 'Strangled' Russia's Silicon Dreams

Putin's obsession with control is killing Russia's chances for innovation as tech talent flees abroad and homegrown alternatives fail.
5 Min read
opinion Valery Panyushkin

Russia's Potato Dilemma Risks Causing a Health Crisis

People won't stop eating potatoes because they're too expensive. But they will stop eating more nutritious food, which will cause huge problems.
3 Min read

Russia at Rising Risk of Systemic Banking Crisis, State-Linked Economists Warn

While a full-blown crisis has not yet materialized, several warning signs point to a high likelihood of one happening, the experts said in a report.
3 Min read

Putin Acknowledges Russia’s Potato Shortage Amid Record Price Increases

“It turns out that we don’t have enough potatoes,” Putin said.
2 Min read

Dozens of Russian Companies Suspend Dividend Payments Amid Economic Uncertainty

High interest rates, reduced revenue and sanctions pressure are taking their toll on some of Russia's largest firms.
2 Min read

Borscht Ingredient Prices Surge Up to 87% in Russia

The so-called "borscht index" has been used as an indicator of economic well-being in Russia.
2 Min read

‘It Will Never Be the Same’: Can the West Win Back Russia’s Market from China?

The U.S. is interested in dissuading Moscow from aligning too closely with Beijing. But this shift is unlikely to be fully reversed.
7 Min read

Russia Eyes Budget Cuts as Sliding Oil Prices Drive Deficit Upward

The move would likely force the government to slash spending on civilian programs even further.
3 Min read

Russian Manufacturing Downturn Eases in April, But Remains Underwater

After strong economic gains in 2024, the Central Bank and Finance Ministry have engineered a slowdown to tackle stubbornly high inflation.
3 Min read

Russia’s Quarterly GDP May Have Declined in Q1 for First Time Since 2022, Experts Say

Analysts cited weak industrial output and low oil prices as key drivers of the downturn.
1 Min read
opinion Tatyana Rybakova

A Planned Economy in Modern Russia? It Didn't Work Last Time and Won't Work Today.

Potatoes in Russia are 300% more expensive than last year. But imposing price controls without addressing the cause is a recipe for disaster.
5 Min read

Russia Triples 2025 Budget Deficit Forecast to 1.7% of GDP

This year’s projected deficit is the country’s second-largest in nominal terms since the pandemic year of 2020, when the gap reached $55 billion.
1 Min read

Trump Tariffs Could Undercut Russian Industry, Central Bank Adviser Warns

If the U.S. and China fail to reach a resolution, Beijing could devalue the yuan, making Chinese goods more competitive and threatening Russia’s domestic...
2 Min read

Russia's Largest Banks Face Sharp Rise in Loan Defaults

At Sberbank, the volume of mortgage loans showing signs of distress surged 90% between January and March.
2 Min read
opinion Tatyana Rybakova

Russia Will Go Back to the U.S.S.R. Thanks to New Import Rules

Only certain brands will be allowed into Russia to support domestic manufacturing. But consumers will pay the price for reduced quality.
5 Min read

Russian Central Bank Holds Key Rate Despite Fears of Economic Slowdown

The high lending rates have put increasing pressure on businesses, with top corporate leaders urging the central bank to ease monetary policy.
2 Min read

Russian Stock Market, Ruble Tumble on News of Downgraded Ukraine Peace Talks

Analysts forecast that the ruble and the Russian stock market will likely continue to decline through the end of the week.
2 Min read

Russian Economic Officials Brace for Lowest Oil Prices Since Pandemic

The Economic Development Ministry has reduced its 2025 forecast for the average price of Urals crude to $56 per barrel, its lowest level since 2020.
3 Min read

Russian Ruble Surges, Becoming World’s Best-Performing Currency

The ruble has strengthened 38% versus the dollar on the over-the-counter market since the beginning of this year, data compiled by Bloomberg shows.
2 Min read
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