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Russia's Steel Output Falls to 15-Year Low as Sanctions, Weak Demand Bite

Steel output declined to 67 million metric tons last year, down 12% from pre-war 2021 levels.

Russian Oil Output Falls for Sixth Straight Month as Ukrainian Drone Attacks Hit Infrastructure

The decline leaves Russia producing about 690,000 bpd below its OPEC+ quota, according to Bloomberg calculations based on OPEC data.

Russia Says No Budget Crisis Despite Deficit Exceeding Annual Target

"We do not believe we have a budget crisis," Deputy Finance Minister Irina Okladnikova said. "The budget is being executed according to schedule."

Russian Economists Raise Questions Over Industrial Output Data

Since the start of the year, assessments of Russia's industrial growth have diverged sharply from figures published by state statistics agency Rosstat...

opinion Tatyana Rybakova

SPIEF 2026 Was A Tragicomic Encapsulation of Russia's Economic Quagmire

You couldn't ignore the thick black smoke that hung over proceedings — though people tried — rather like Russia's weakened economy.

Cracks in Russia’s Economy Shine Through at SPIEF

Amid the spectacle of Russia's centerpiece business event, top executives and officials hinted at growing unease about the state of the economy.

Putin Talks Multipolarity and Shrugs Off Economic Pain at ‘Russian Davos’

The president’s address bore a striking similarity to his speech last year, once again touting BRICS and framing Russia’s economy as resilient.

AvtoVAZ to Cut Output Plans as Export Demand Weakens

AvtoVAZ President Maxim Sokolov said the ruble's strength was hurting exports by making Russian-made vehicles less competitive abroad.

Russia to Quadruple FX Purchases as It Rebuilds Wealth Fund and Seeks to Weaken Ruble

Moscow is seeking to rebuild its rainy-day fund while also easing upward pressure on the ruble, whose strength has weighed on export revenues and budget...

Russia Says Gold Production Nears 500 Tons, Stunning Industry Analysts

No major new mines have entered production in recent years that would explain such a rapid increase in output.

opinion Dan Storyev

Reports of Russia's Collapse Are Greatly Exaggerated

A cottage industry of articles and even books predicting Russia's collapse has sprung from a lack of imagination and expertise.

Russia's Aircraft Output More Than Doubles as Drone Production Surges

Bloomberg said the aviation sector's rapid growth was being fueled in part by the mass production of inexpensive first-person-view (FPV) drones.

Russian Businesses Enter 'Era of Survival' as Pay Increases Stall, Experts Say

Russia's rapid wartime wage growth may be losing momentum as companies grapple with declining profits, sanctions and slowing economic activity.

Russian Wage Arrears Nearly Double as Regional Budgets and Businesses Come Under Strain

While the overall level of wage arrears remains modest compared with previous economic crises, economists said the rapid pace of growth was a worrying...

Russia Weighs Budget Cuts Outside Defense as Fiscal Pressures Mount

Finance Minister Anton Siluanov said defense and social obligations remained untouchable priorities despite the fiscal strain.

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...

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...

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...

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...

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