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Articles with tag "Economy"

Russia Bans Diesel Exports to Ensure Domestic Supply After Targeted Ukrainian Drone Strikes

The government said the ban, which includes producers of the fuel, will be in place until July 31.

Russia's Defense Manufacturing Boom Is Nearing Its Limit, Official Says

Manufacturing, led by the defense-industrial complex, has been one of the main drivers of Russia's wartime economy.
3 Min read

Russia Says Digital Ruble Ready for Sept. 1 Launch Despite Weak Public Demand

Beginning Sept. 1, all 12 of Russia's systemically important banks will be required to support digital ruble transactions, while large retailers will also...
2 Min read
opinion Tatyana Rybakova

Russia's Stock Market Is the Best Measure of Russia's Problems. The Signs Aren't Good.

Unlike a traditional poll, the stock market shows the real-time confidence of thousands of investors who aren't convinced by Putin's bluster.
7 Min read

Sberbank CEO Renews Call for Interest Rate Cut

“We’ve already overcooled the economy. The rate needs to come down,” Sberbank CEO Herman Gref said on Tuesday.
2 Min read

Russian Government Weighs Total Ban on Diesel Exports

Deputy Prime Minister Alexander Novak described the situation in the domestic fuel market as “challenging but under control.”
3 Min read

Russia Hands Control of Nationalized Warehouse Owner to State Company

Russia's campaign of asset seizures has reshaped ownership across several sectors of the economy.
2 Min read

As Wartime Slump Deepens, Russia’s Construction Sector Is on Shaky Ground

The slowdown, which has been described as the industry’s "most serious stress test since the 2009 crisis," risks affecting the broader economy.
4 Min read

Kremlin Assures Macroeconomic Stability Despite Volatility in Energy Markets

Top spokesman Dmitry Peskov said Russia’s macroeconomic stability is “not a matter of doubt for anyone.”
2 Min read

Russian Communist Leader Says Trillions in Bank Deposits Could Be Used for Economy

Gennady Zyuganov's comments sparked criticism from senior lawmakers and renewed debate over the security of private savings.
3 Min read

Russian Central Bank Slashes Key Rate to 14.25%

The cut signals that policymakers remain cautious in lowering the key rate, as analysts had broadly expected a larger, 50-basis-point cut.
3 Min read
opinion Dmitry Nekrasov

Russia’s Fuel Shortages Are Manageable. But the Kremlin’s Options Are Shrinking.

Ukrainian drone strikes haven't caused a nationwide fuel crisis yet. But pressure on supply is accumulating rapidly.
5 Min read

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.
3 Min read

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.
2 Min read

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."
2 Min read

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...
3 Min read
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.
7 Min read
News Analysis

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.
5 Min read

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.
3 Min read

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.
2 Min read
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