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Articles with tag "Economy"

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.

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

Russia’s Inflation Stays Above 10% in March

Stubborn inflation and the ensuing high interest rates continue to be a major concern for Russian policymakers. 
1 Min read

Russia Posts $5.4Bln Budget Surplus in March but Hard Landing Risks Increase

Analysts caution that the rising likelihood of a global recession increases the chances of a “hard landing” for the Russian economy due to falling...
2 Min read

Trump Tariffs Show Disregard for International Norms, Russia Says

Russian officials have begun voicing concern, particularly over falling oil prices — a key source of state revenue — since the tariff hikes were announced...
2 Min read

Russian Central Bank Warns Falling Oil Prices Could Squeeze Budget

“The risks are there,” Central Bank chief Elvira Nabiullina told lawmakers, adding that Russia “always prepares for such risks.”
2 Min read
opinion Jason Corcoran

How Trump’s Backfiring Trade War Could Crash Putin’s Economy

What Putin hoped would be an opportunity for sanctions relief and economic revival is now shaping up to be a deepening crisis.
5 Min read

Russian Market Slides Amid Global Panic Over Trump’s Tariffs

Among the biggest losers on Monday was En+ Group, the parent company of aluminum tycoon Oleg Deripaska’s Rusal, which fell 9.76%.
2 Min read

Russian Markets Reel From Trump Tariffs, Oil Price Collapse

The Moscow Exchange was down 8.5% at the end of trading on Friday — its worst week in more than two years.
3 Min read

Russia's Oil and Gas Revenues Fall 17% Year-on-Year in March

Moscow collected approximately 230 billion rubles ($2.7 billion) less in levies, which account for one-third of its total revenue, compared to March 2024...
2 Min read
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