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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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