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Articles with tag "Economy"

Russians Set Record for Transfers to Foreign Brokers Amid Market Uncertainty

Despite the Central Bank’s repeated warnings, capital continues to flow outward.

Russia Sells Off More Foreign Currency from Wealth Fund to Bridge Budget Gap

Russia’s Central Bank will sell yuan on the Moscow Exchange at a rate of $124 million per day from July 7 to Aug. 6.
2 Min read

Russian Companies See Sharp Rise in Wage Arrears

A trade union report estimates the total of arrears to be significantly higher than government estimates, reaching $30 million in the first quarter.
2 Min read

Russia’s Natural Gas Exports to Europe Plunge to Historic Lows

With limited buyers and few alternatives, Gazprom faces mounting losses as a glut of unsold gas weighs on the Russian economy.
3 Min read

Russia Eyes Industrial Levy to Shield Domestic Producers and Plug Budget Gaps

The proposal comes amid the sharpest contraction in manufacturing activity since 2022, as well as mounting fiscal pressure on the state. 
2 Min read

Kremlin Launches Online Bot Campaign to Defend Steep Utility Rate Increases

These comments typically framed the rate hikes as routine, justified or even beneficial, often asserting that citizens' wages are also increasing.
2 Min read

Russian Manufacturing Activity Sees Sharpest Decline Since Early Months of Ukraine Invasion

Three of the past four months have now been marked by slowed business activity.
3 Min read

Major Kuzbass Coal Mine Halts Operations, Leaving Hundreds Without Pay

The suspension highlights growing instability in Russia’s coal heartland.
2 Min read

Financial Insecurity Is Russians' Top Reason Not to Start a Family – Poll

Among the 1,200 respondents aged 18 to 49, 79% chose financial circumstances as a deterrent to having children. 
2 Min read

Leading Russian Coal Producer to Receive State Support Amid Deepening Industry Crisis

Mechel chief executive Oleg Korzhov said the industry is facing “significant difficulties,” and coal producers are bracing for a downturn in sales...
3 Min read

Government Price Caps Put Russia’s Breadmakers in Jeopardy, Producer Warns

Bread prices rose 14.6% last year, a rate one and a half times faster than overall inflation. The government is now considering price caps to tame the...
2 Min read

Russian Think Tank Reports Rapid Increase in Drone Production

In May, the volume of combat drones produced in Russia rose by nearly 17% compared to the previous month. 
2 Min read

Russian Researchers Develop Method to Grow Potatoes at Home

One researcher said that it allowed for а “sufficient amount” of potato growth over “short periods.”
1 Min read

Defense Drives Russia’s Industrial Growth as Civilian Production Contracts

Analysts warn that Russia’s economy has become disproportionately driven by the military-industrial complex in the fourth year of its invasion of Ukraine...
2 Min read

In a Prolonged Israel-Iran Conflict, Russia’s Economy Stands to Reap the Benefits

Moscow benefits most from a protracted conflict that leaves uncertainty over energy supplies but does not spill over into all-out war.
4 Min read
News Analysis

Russia vs. the World: New Data Exposes Putin’s Struggle to Attract Global South Investment

Moscow is still a long way from persuading its much-touted Global South partners to place real trust in the Russian economy, as two recent indicators show...
4 Min read

Russian Factories Hired Nearly 50K Foreign Workers in 2024 – Labor Ministry

The latest data comes as Russia grapples with a shrinking domestic workforce.
1 Min read
opinion Jason Corcoran

Putin’s Davos Reduced to Taliban, Nepo Babies and Pariah States

The St Petersburg International Economic Forum used to be a hub of global dealmaking. Now it is a glitzy playground wrapped in state propaganda.
5 Min read

In Photos: Promoting a ‘Multipolar’ World at the St. Petersburg International Economic Forum

Once dubbed the “Russian Davos,” the forum now reflects Moscow’s post-2022 pivot towards Asia and Africa, amid its isolation from the West.
1 Min read

At Flagship Forum, Putin Promotes BRICS Growth and Economic Restructuring

The president said Russia’s GDP growth had outpaced the global average in recent years despite what he called a “complex external environment.”
3 Min read
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