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Russian Spending Down 40% on Black Friday

Retail outlook darkens, as online boost fails to compensate for in-store slump.

Russia Should Extend Coronavirus Crisis Support – IMF

Its economy fared better than most but headwinds remain and recovery could be weak, the organization warned.

Russia Records 3.6% GDP Fall in Third Quarter

Economic slowdown moderated over summer months, official statistics show, but second wave has put the economy back under pressure.

Russia’s Ingushetia Region on Brink of Bankruptcy

The North Caucasus region is deep in the red. It could be the first domino to fall in a looming regional debt crisis.

Curfew Darkens Outlook for Moscow’s Night Spots

Amid weak support, some nightclubs are switching to day-time opening hours to keep business going.

MARKET RECOVERY

Russian Markets Rally as Counting Continues in U.S. Presidential Election

Despite a likely Biden victory and possible sanctions, the ruble also stands higher.

CORONAVIRUS RECESSION

Fresh Data Shows Russian Economy Suffering Broad Slowdown

Business surveys show activity in both services and manufacturing is in decline.

RETAIL SLOWDOWN

No Lockdown, But Russia's Shoppers Start Self-Isolating

Consumer spending has dropped to levels not seen since the first wave.

Russian Ruble Ends Painful Week in Red, All Eyes on U.S. Vote

Russian stock market at six-month low as analysts say ruble has been heavily “oversold.”

Russian Regions Face Looming Debt Crisis

As the second wave hits Russia’s regions hard, the costs are mounting for their fragile finances.

CORONAVIRUS RECESSION

Russia’s Economic Recovery Cooled Before Second Wave Struck

The impact is forecast to be weaker than the spring outbreak, but authorities have less options to support the economy this time.

Ruble Crash Sends Car Prices Up 15%

Russians bring forward big ticket purchases, fearful of inflation.

REMOTE PROBLEMS

Small Businesses Hit Hardest By Moscow’s Work-From-Home Orders

Employers face new set of legal, technical and financial hurdles to comply with fresh coronavirus restrictions

Russia’s Billionaires Grow Richer, But Fall Behind International Peers

The pandemic has benefitted the world’s richest, but Russia is slipping down the ultra-wealthy league tables.

Russia’s Business Regulations Are Worse Than The Pandemic, Say European Investors

Businesses cite a cocktail of the coronavirus, sanctions, ruble volatility and a worsening bureaucratic environment as major obstacles.

NEGATIVE REACTION

Russian Markets Falter After Trump Tests Positive

Stock markets and the ruble deep in the red after U.S. president confirms Covid-19 infection.

CORONAVIRUS RECESSION

How Will a Second Wave Affect Russia’s Economy?

The damage won’t be as devastating, but the long-term impacts will linger.

Russian Ruble Drops to Almost 5-Year Low Against Euro

The ruble shed more than 1% against the euro to fall as low as 93.3, its weakest since January 2016.

Russian Ruble Tumbles on Second Wave Fears

Currency slipped to lowest level against U.S. dollar since April as Moscow tells companies to keep staff working from home.

TEMPORARY PAUSE

Russia Holds Back on Interest Rate Cuts, Citing Inflation Risks and Global Uncertainty

The Central Bank held its key rate at 4.25% on Friday, but said more cuts were likely before the end of the year.

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