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Articles with tag "Economy"

Russia’s Federal Budget Deficit Blows Past Annual Target in Just 3 Months

The staggering shortfall was underscored by a sharp decline in energy tax receipts and a double-digit spike in government spending.

Russia's Manufacturing PMI Falls in March as Confidence Hits Lowest Since 2022

Companies continued to report subdued demand, forcing them to cut production and reduce their workforces, S&P Global said. 
3 Min read

Russia’s Civilian Industry Downturn Accelerated in Early 2026, Think Tank Says

The data underscore widening gaps between defense-driven growth and the broader economy as state spending on the military masks weakness in civilian industries...
2 Min read

Russia Drops Budget Cut Plans as Oil Price Surge Boosts Revenues – Bloomberg

Authorities could channel the windfall oil revenues into spending on the war in Ukraine, Bloomberg’s sources said.
2 Min read
News Analysis

Russia Eyes New Windfall as Iran War Chokes Fertilizer Supplies

As the world’s second-largest fertilizer producer, Russia is well positioned to capitalize on the disruption.
3 Min read

Russia’s Coal Sector Losses Set to Deepen as Government Winds Down Tax Relief

The number of loss-making coal companies is “rapidly increasing,” with 62 enterprises now in the red, Deputy Energy Minister Dmitry Islamov said.
2 Min read

Russia's Restaurant Traffic, Revenue Hit 25-Year Lows – Industry Group

Consumers are pulling back on dining out despite official data showing rising incomes.
2 Min read

Russia’s KamAZ to Reintroduce 4-Day Workweek as Truck Market Slumps

A sharp downturn in the domestic heavy truck market is forcing the company to scale back production plans.
2 Min read

Russia Pauses Budget Rule Changes as Oil Price Spike Eases Pressure – Reuters

The spike in prices has given Moscow breathing room after a steep drop in energy revenues earlier this year.
2 Min read

Russia’s Gold Sales Hit Highest Level Since 2002 as Budget Pressures Mount

Total gold reserves fell to 74.3 million ounces, their lowest level in four years.
2 Min read

Russian Central Bank Lowers Key Rate to 15%

Policymakers highlighted an increasingly uncertain outlook for the Russian economy and inflation in the wake of the Iran war.
2 Min read

Russia Faces Acute Yuan Shortage as Trade Lifeline Tightens

Overnight yuan borrowing rates on the Moscow Exchange surged to 44% on Thursday.
2 Min read
opinion Sergei Shelin

Why High Oil Prices Won't Fix Russia's Budget Crisis

Rising fossil fuel prices may help Moscow avoid a worst-case scenario. But the core problems at the heart of Russia's economy remain.
6 Min read

Russians Report Worsening Mental Health Amid Rising Economic Worries – RAS Survey

The findings highlight mounting social strain as Russia’s war in Ukraine enters its fifth year and economic uncertainty persists.
2 Min read

Russians Turn to Cash as Card Blocks, Mobile Internet Outages Erode Trust in Digital Payments

Russians withdrew more cash from ATMs in January than in any month since the market turmoil that followed the invasion of Ukraine in March 2022.
2 Min read

Ruble Slides Despite Higher Oil Prices as Russia Halts FX Sales

The slide comes even as prices for Russia’s crude oil have climbed and the U.S. temporarily eased some sanctions on Russian oil.
2 Min read

Russia’s Investment Slips for First Time Since Pandemic

The drop was the steepest since 2015, when investment plunged 10.1% following Russia’s annexation of Crimea and Western sanctions.
2 Min read

Income Inequality in Russia Approaching Record Highs, Research Group Says

Income inequality in Russia has risen for four consecutive years and is now approaching the record highs seen during the 2008 financial crisis, the independent...
2 Min read

Russia Weighs 10% Budget Spending Cuts as Revenues Slump – Reuters

The final decision will depend largely on how long the current oil price increase triggered by the Iran war lasts, Reuters' sources said.
2 Min read

Russian ‘Military Bank’ Posts 2025 Loss Amid Rising Defaults

The results underscore growing strains in parts of Russia’s banking system as high interest rates and heavy wartime borrowing weigh on companies.
3 Min read
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