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Articles with tag "Economy"

Russia Faces Rise in 'Hidden Unemployment,' Putin Says

More than 100,000 Russian workers have been placed on reduced hours or unpaid leave since the start of the year, Putin said.

Past-Due Mortgage and Auto Loan Debt in Russia Nearly Doubles Amid Economic Strain

Economists say Russian consumers are devoting a larger share of their income to everyday expenses, leaving less money to service debt.
2 Min read

Internet Blackouts Driving Russians and Businesses Back to Cash, Central Bank Says

The internet shutdowns have spread even to regions far from the Ukrainian border following repeated drone attacks.
2 Min read

Russia’s VTB Bank Faces Collapse in Lending Income as War Pressures Mount – Bloomberg

The state-owned lender’s net interest income plunged 49% in the first half of the year, an unusually steep drop for a bank of its size.
2 Min read

'Everyone Is Anticipating a Breakthrough': Russian Stock Market Surges on News of Putin-Trump Alaska Summit

Despite the rally, analysts warned that the current market euphoria may prove fragile if the summit fails to deliver concrete results.
2 Min read

1 in 5 Russian Developers at Risk of Bankruptcy as Mortgage Costs Soar

Deputy Prime Minister Marat Khusnullin warned that this figure could rise above 30% if financial conditions do not improve in the next six months.
2 Min read
opinion Charles Hecker

The 1990s Created the Russia of Today. The Moscow Times Captured that Transformation.

Charles Hecker pays tribute to The Moscow Times’ coverage of Russia’s transformation in the 1990s and Derk Sauer’s role leading it.
6 Min read

Russia’s Budget Deficit Blows Past Annual Target in Just 7 Months

Officials blamed weaker oil and gas revenues, as well as “advance financing,” but analysts say the real driver is runaway war spending.
2 Min read

Russia to Boost Oil Exports as Drone Strikes Disrupt Refining Capacity

Two major refineries cut runs following drone strikes over the weekend.
1 Min read

Russia’s Oil and Gas Revenues Plunge for Third Straight Month

The Finance Ministry now expects oil and gas revenues of just 8.32 trillion rubles ($104 billion) in 2025 — nearly a 25% cut.
2 Min read

Russian Manufacturing Shrinks at Fastest Rate Since March 2022 – S&P

Business confidence has slid to its lowest level in nearly three years.
2 Min read

Illegal Lending Poised to Rise in Russia as Borrowing Conditions Tighten – Report

The Central Bank has imposed sweeping restrictions on consumer lending.
3 Min read

Russia Limits Access to Key Economic and Demographic Data Amid Downturn Concerns

The move follows Russian President Vladimir Putin's call to avoid a recession.
2 Min read

Russia’s Labor Shortage Persists Despite Central Bank Optimism

While the Central Bank cited early signs of easing in labor market strain, the broader picture suggests that the shortage of workers remains acute.
2 Min read

Russian Banks Report Deposit Outflows Amid Falling Rates and Freeze Fears

Eight of the country’s 20 largest credit institutions experienced deposit outflows in June.
2 Min read
opinion Tatyana Rybakova

What Is Behind Russia's Wartime Prosperity Paradox?

State media trumpets unprecedented soars in income. But Russians don't feel better off for it.
3 Min read

Russia Weighs Food Price Controls Amid Rising Inflation – Kommersant

The Agriculture Ministry has proposed amendments that would restrict how prices are set for widely consumed staples such as milk, eggs, potatoes and sugar...
2 Min read

Russia's Largest Automaker to Slash Wages After Shift to 4-Day Workweek – Reports

Workers will also reportedly lose access to overtime pay, a move that has prompted some employees to consider resigning.
2 Min read

IMF Slashes Russia’s Economic Forecast as Wartime Growth Slows

The IMF projects Russia’s GDP will grow just 0.9% in 2025, a steep drop from last year’s 4.1% expansion.
2 Min read
News Analysis

Russia’s Coal Industry Is Collapsing. Will it Drag the Economy Down With It?

Russia is stepping in to save the coal industry with money from the federal budget at a time when public finances are already under strain.
4 Min read
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