Support The Moscow Times!
Contribute today

Articles with tag "Economy"

Russians Are Rushing for Cash. Should the Kremlin Be Worried?

Households and businesses have added $25.3 billion to their cash holdings so far this year, marking the largest increase since the start of the war.

Ukrainian Strikes Halt Most Russian Grain Exports in the Black Sea

Experts cautioned that the disruption would not necessarily be permanent and some terminals were likely to resume operations.
3 Min read

VEB Chief Economist Fired After Warning Russia Cannot Win ‘War of Attrition’ – The Bell

Andrei Klepach, who served as VEB.RF’s chief economist for 12 years, was reportedly fired after the bank’s leadership received a phone call “from...
2 Min read
opinion Nick Trickett

How Russia’s Obsession With Economic Stability Made It Weaker

For decades, Western observers thought Russia's economy was going from strength to strength. But it was creating its own weaknesses.
12 Min read

Russian Economy Returns to Growth, but Economists Warn Rebound May Be Short-Lived

Gross domestic product grew 1.3% in April-June despite Ukrainian strikes on oil refineries that pushed refining volumes to their lowest level in two decades...
3 Min read

Ad Spending on Wildberries Nosedives After Ukrainian Drone Attacks, Kommersant Reports

A source told Kommersant that many advertisers had either frozen their promotional budgets or sharply cut back across major retail categories.
2 Min read

Russian Household Incomes Stall as Wartime Economy Loses Momentum

The reversal comes as Russia’s broader economy grinds to a near standstill, civilian industries remain mired in recession and businesses face falling...
3 Min read

Can ‘Russia’s Amazon’ Survive Ukraine’s Drone Campaign?

Russia’s online retail sector has thrived since the invasion of Ukraine. The attacks on Wildberries now threaten to disrupt that growth. 
4 Min read

Putin Signs Law Targeting Exiled Russians Convicted in Absentia

The law imposes sweeping restrictions on Russians who have been convicted in absentia, including under legislation used to prosecute Kremlin critics.
3 Min read

Russian Oil Refining Falls to 24-Year Low After Ukrainian Drone Strikes – Bloomberg

If eight tankers linked to the Caspian Pipeline Consortium terminal are included, July would rank as the busiest month for attacks on oil assets connected...
3 Min read

Russian Banks Lack Cash to Buy Government Debt, Sberbank Executive Says

Sberbank’s vice president and chief financial officer, said cash withdrawals from the banking system had reached about $25.2 billion since the start...
3 Min read
Feature

For Russians, a Summer Vacation Abroad Is Now a Luxury Few Can Afford

Economic uncertainty and risks posed by Ukrainian drone strikes are reshaping how Russians are spending their long-awaited vacations. 
5 Min read

Russia's Sberbank Warns of Rising Corporate Credit Risks as Bad Loans Increase

Meanwhile, Sberbank cut its 2026 GDP growth forecast to 0%-0.5% from a previous estimate of 0.5%-1%.
3 Min read
opinion Tatyana Rybakova

Where Can Russia Find More Money for War?

Economists in Russia said on condition of anonymity that banks can only keep up their staring contest with the Finance Ministry for so long.
7 Min read

Russia Turns to State Banks to Help Finance Mounting Wartime Budget Deficit

Russia's budget deficit reached nearly 6 trillion rubles ($77.40 billion) in the first half of the year, driven by record military spending.
3 Min read

Russia Slashes Funding for Putin's Technology Projects as Budget Strains Mount

Mounting budget pressures and record military spending are forcing the government to redirect resources away from civilian priorities.
3 Min read

Russia Halts Bond Auctions as Government Debt Selloff Complicates Budget Financing

Analysts said the main factors weighing on government bonds were rising inflation and expectations that the Central Bank may pause its cycle of interest...
3 Min read

Ukrainian Strikes Slash Russian Grain Exports, Analysts Say

Russia is expected to export 1.5 million metric tons of wheat in July, down about 30% from 2.1 million tons in the same month last year and less than half...
3 Min read

Could Russia's Wartime Debt Boom Trigger a Banking Crisis?

Banks are increasingly exposed as high interest rates and slowing growth make it harder for companies and households to repay their debts.
4 Min read

Russia's Fuel Crisis Raises Stagflation Fears as Growth Stalls and Inflation Accelerates

"It appears the fuel crisis has pushed the economy into recession," analysts at the Moscow-based MMI research group wrote.
3 Min read
View more articles