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Articles with tag "Economy"

Putin Signs Law Targeting Exiled Russians Convicted in Absentia

The law imposes sweeping restrictions on Russians who have been convicted in absentia, including under legislation used to prosecute Kremlin critics.

Russian Oil Refining Falls to 24-Year Low After Ukrainian Drone Strikes – Bloomberg

If eight tankers linked to the Caspian Pipeline Consortium terminal are included, July would rank as the busiest month for attacks on oil assets connected...
3 Min read

Russian Banks Lack Cash to Buy Government Debt, Sberbank Executive Says

Sberbank’s vice president and chief financial officer, said cash withdrawals from the banking system had reached about $25.2 billion since the start...
3 Min read
Feature

For Russians, a Summer Vacation Abroad Is Now a Luxury Few Can Afford

Economic uncertainty and risks posed by Ukrainian drone strikes are reshaping how Russians are spending their long-awaited vacations. 
5 Min read

Russia's Sberbank Warns of Rising Corporate Credit Risks as Bad Loans Increase

Meanwhile, Sberbank cut its 2026 GDP growth forecast to 0%-0.5% from a previous estimate of 0.5%-1%.
3 Min read
opinion Tatyana Rybakova

Where Can Russia Find More Money for War?

Economists in Russia said on condition of anonymity that banks can only keep up their staring contest with the Finance Ministry for so long.
7 Min read

Russia Turns to State Banks to Help Finance Mounting Wartime Budget Deficit

Russia's budget deficit reached nearly 6 trillion rubles ($77.40 billion) in the first half of the year, driven by record military spending.
3 Min read

Russia Slashes Funding for Putin's Technology Projects as Budget Strains Mount

Mounting budget pressures and record military spending are forcing the government to redirect resources away from civilian priorities.
3 Min read

Russia Halts Bond Auctions as Government Debt Selloff Complicates Budget Financing

Analysts said the main factors weighing on government bonds were rising inflation and expectations that the Central Bank may pause its cycle of interest...
3 Min read

Ukrainian Strikes Slash Russian Grain Exports, Analysts Say

Russia is expected to export 1.5 million metric tons of wheat in July, down about 30% from 2.1 million tons in the same month last year and less than half...
3 Min read

Could Russia's Wartime Debt Boom Trigger a Banking Crisis?

Banks are increasingly exposed as high interest rates and slowing growth make it harder for companies and households to repay their debts.
4 Min read

Russia's Fuel Crisis Raises Stagflation Fears as Growth Stalls and Inflation Accelerates

"It appears the fuel crisis has pushed the economy into recession," analysts at the Moscow-based MMI research group wrote.
3 Min read
opinion Igor Volobuev

Russia's Gas Industry Is Dying a Slow But Occasionally Explosive Death

Sanctions lost Russia its biggest market for gas and threaten the industry's sustainability. That was a problem before the drone attacks started.
6 Min read

Russia Bans Diesel Exports to Ensure Domestic Supply After Targeted Ukrainian Drone Strikes

The government said the ban, which includes producers of the fuel, will be in place until July 31.
2 Min read

Russia's Defense Manufacturing Boom Is Nearing Its Limit, Official Says

Manufacturing, led by the defense-industrial complex, has been one of the main drivers of Russia's wartime economy.
3 Min read

Russia Says Digital Ruble Ready for Sept. 1 Launch Despite Weak Public Demand

Beginning Sept. 1, all 12 of Russia's systemically important banks will be required to support digital ruble transactions, while large retailers will also...
2 Min read
opinion Tatyana Rybakova

Russia's Stock Market Is the Best Measure of Russia's Problems. The Signs Aren't Good.

Unlike a traditional poll, the stock market shows the real-time confidence of thousands of investors who aren't convinced by Putin's bluster.
7 Min read

Sberbank CEO Renews Call for Interest Rate Cut

“We’ve already overcooled the economy. The rate needs to come down,” Sberbank CEO Herman Gref said on Tuesday.
2 Min read

Russian Government Weighs Total Ban on Diesel Exports

Deputy Prime Minister Alexander Novak described the situation in the domestic fuel market as “challenging but under control.”
3 Min read

Russia Hands Control of Nationalized Warehouse Owner to State Company

Russia's campaign of asset seizures has reshaped ownership across several sectors of the economy.
2 Min read
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