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Articles with tag "Economy"

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

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

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
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

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
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

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

Russia’s Credit Growth Slows as Households Cut Borrowing

The Central Bank described retail lending as “weak” and corporate lending as “moderate,” attributing the slowdown to its tight monetary policy...
2 Min read

Russia Eyes New Tax Hikes, Spending Cuts to Sustain Record Defense Spending – Reuters

“We simply won’t be able to make ends meet, even with a reduction in defense spending,” an unnamed government source said.
2 Min read

Russia Faces Rise in 'Hidden Unemployment,' Putin Says

More than 100,000 Russian workers have been placed on reduced hours or unpaid leave since the start of the year, Putin said.
2 Min read

Past-Due Mortgage and Auto Loan Debt in Russia Nearly Doubles Amid Economic Strain

Economists say Russian consumers are devoting a larger share of their income to everyday expenses, leaving less money to service debt.
2 Min read

Internet Blackouts Driving Russians and Businesses Back to Cash, Central Bank Says

The internet shutdowns have spread even to regions far from the Ukrainian border following repeated drone attacks.
2 Min read

Russia’s VTB Bank Faces Collapse in Lending Income as War Pressures Mount – Bloomberg

The state-owned lender’s net interest income plunged 49% in the first half of the year, an unusually steep drop for a bank of its size.
2 Min read

'Everyone Is Anticipating a Breakthrough': Russian Stock Market Surges on News of Putin-Trump Alaska Summit

Despite the rally, analysts warned that the current market euphoria may prove fragile if the summit fails to deliver concrete results.
2 Min read

1 in 5 Russian Developers at Risk of Bankruptcy as Mortgage Costs Soar

Deputy Prime Minister Marat Khusnullin warned that this figure could rise above 30% if financial conditions do not improve in the next six months.
2 Min read
opinion Charles Hecker

The 1990s Created the Russia of Today. The Moscow Times Captured that Transformation.

Charles Hecker pays tribute to The Moscow Times’ coverage of Russia’s transformation in the 1990s and Derk Sauer’s role leading it.
6 Min read

Russia’s Budget Deficit Blows Past Annual Target in Just 7 Months

Officials blamed weaker oil and gas revenues, as well as “advance financing,” but analysts say the real driver is runaway war spending.
2 Min read

Russia to Boost Oil Exports as Drone Strikes Disrupt Refining Capacity

Two major refineries cut runs following drone strikes over the weekend.
1 Min read
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