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Articles with tag "Economy"

Russia’s Housing Developers Brace for Prolonged Slump After Mortgage Rule Changes

Nearly three-quarters of residential developers (73%) failed to meet sales targets in the first quarter, the weakest performance in two years.

Russia Plans NMTP Stake Sale to Help Plug Budget Gap

NMTP controls several strategically important assets, including the Novorossiysk oil terminal on the Black Sea and the Primorsk terminal on the Baltic...
2 Min read

Drone Strikes Force Central Russian Refineries to Halt or Cut Output – Reuters

The combined annual capacity of refineries that have either fully halted or significantly reduced operations is nearly one-quarter of Russia’s total...
2 Min read

War Spending Pushes Russia’s Classified Budget Outlays to Post-Soviet High, Study Finds

The Gaidar Institute cautioned that its calculations were based on “fragmentary information available from different sources” because budget expenditure...
2 Min read

Russians Fail to Feel Inflation Slowdown, Survey Shows

The findings suggest households remain unconvinced by signs of easing price pressures, even as official data point to a sharp slowdown in inflation and...
3 Min read

Russians Pull Money From Bank Deposits for First Time Since 2022 Mobilization Panic

The decline came as deposit rates eased from recent highs and consumers increasingly sought alternatives for their savings.
3 Min read

Small Business Closures Rise Across Russia

Some 209,000 SMBs were liquidated in the first quarter, up 9% from the same period a year earlier.
3 Min read

Putin Hails ‘Positive’ Economic Growth in March Despite Sharp Downgrade in Annual Forecast

The president’s remarks come just days after the government released a significant downward revision to its 2026 economic outlook.
1 Min read

Russia Cuts 2026 Growth Forecast as Oil Revenues and Wartime Pressures Weigh on Economy

Deputy Prime Minister Alexander Novak said the government now expects gross domestic product to grow by just 0.4% next year, down from a previous forecast...
3 Min read

Russian Economy Shrinks in the First Quarter

The 0.5% contraction in GDP significantly missed the Central Bank’s earlier projection of 1.6% annualized growth for the period.
2 Min read

Russia’s Oil and Gas Revenues Miss Expectations Despite Higher Crude Prices

Oil and gas revenues reached 2.3 trillion rubles ($30.82 billion) over the first four months of the year, down 38.3% year-on-year.
3 Min read

KamAZ Says It Survived Sanctions Shock as Sales Slump Deepens

CEO Sergei Kogogin's statement to President Vladimir Putin comes amid a sharp deterioration in the company’s financial performance.
2 Min read

Russian Growth Outlook Darkens as Ukraine Hits Oil Infrastructure

CMAKP said hopes that surging global oil prices would give Russia’s economy a meaningful boost were unlikely to materialize because repeated attacks...
3 Min read

Russian Deputy PM Questions $4 Apples in Far East Despite Arctic Affordability Law

“To be honest, that kind of price is striking,” Deputy Prime Minister Yury Trutnev said.
2 Min read
News Analysis

For Russia’s Ailing Coal Sector, Not Even the Middle East Crisis Can Bring Relief

Russian and Western analysts say the crisis may instead accelerate Asia’s shift toward alternative energy sources.
5 Min read

Russia’s Regional Budget Deficit to Widen to $25.3Bln in 2026, Finance Minister Warns

Alowing economic growth, weaker corporate profits and heavy spending obligations are straining local finances.
2 Min read

Russia’s Nornickel Reports Sharp First-Quarter Drop in Metal Output

Analysts say further EU restrictions on Russia’s Murmansk port, a key export route for the company’s metals, could add fresh pressure this year.
2 Min read

Russia’s Small Businesses Slide Into Losses After Tax Hikes, Surveys Show

The findings suggest that tax changes introduced at the start of 2026 are squeezing smaller companies while also delivering weaker-than-expected tax revenues...
2 Min read

Russia’s Central Bank Cuts Key Rate to 14.5%

It marks the eighth consecutive cut since borrowing costs were hiked to a two-decade high in 2024 to curb surging inflation.
2 Min read

Russia to Resume FX Operations Under Fiscal Rule as Oil Prices Surge

The move marks a return to a key policy tool that had been suspended earlier this year after a sharp drop in oil and gas revenues.
3 Min read
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