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Articles with tag "Economy"
Russia's Planned Tax Hike Would Put Hundreds of Thousands of Small Businesses at Risk of Closure, Lawmaker Warns
The head of the New People party said the proposal to lower the annual revenue threshold for VAT would hit small and medium-sized enterprises in the regions...
Russia’s Household Deposits Growth Slows to 3-Year Low – Central Bank
Analysts noted that the inflow of new funds is now smaller than the amount of interest accrued, pointing to a decline in households’ savings activity...
2 Min read
Russia’s Severstal Reports Sharp Profit Drop, Negative Cash Flow
Severstal, controlled by billionaire Alexei Mordashov, posted a third-quarter profit of 12.99 billion rubles ($160 million).
2 Min read
Russian Titanium Giant Cuts Workweek Amid Falling Demand
VSMPO-Avisma is the world’s largest titanium producer, accounting for 90% of Russia’s total output.
2 Min read
Russian State Giants Top Corporate Debt Ranking – Forbes
According to Central Bank estimates, one in six major companies is now struggling to manage its debt.
2 Min read
IMF Cuts Russia’s 2025 Economic Forecast Again
The revision marks a 0.3 percentage-point downgrade from the IMF’s July estimate of 0.9% annual GDP growth.
1 Min read
Russia’s Metals Industry Faces Layoffs, Shortened Workweeks – Reuters
"There is a quiet cutback going on in the metals industry," a Reuters source said, citing weak demand, high interest rates and the strong ruble as the...
2 Min read
Russians Repatriate Record Sums From Foreign Banks – Central Bank
Russians have repatriated about 188 billion rubles ($2.31 billion) in total since March.
2 Min read
Russian Stocks Suffer Sharpest Single-Day Drop in 3 Years
The sellof accelerated after a senior diplomat said that progress toward a potential peace deal to end the war in Ukraine had largely stalled.
2 Min read
Russia’s Farm Sector Losing 150K Workers a Year, Agriculture Minister Warns
The labor shortage has become a key obstacle for the farm sector, which is already grappling with poor harvests and a shortage of high-quality imported...
2 Min read
World Bank Cuts Russia's Growth Outlook, Warns of Long-Term Stagnation
The lender now expects Russia’s GDP to grow 0.9% in 2025, down from 1.4% in its June forecast.
2 Min read
More Taxes for More War: Unpacking Russia’s 2026 Budget
The proposed budget underscores the Kremlin’s resolve to press on with the war — even if it means higher costs for businesses and consumers.
6 Min read
Number of New Moscow Housing Projects Falls to 12-Year Low – Vedomosti
Only seven new residential developments began sales in the third quarter of 2025 compared with 12 in the same period last year.
2 Min read
Russia’s Planned VAT Hike Expected to Push Inflation Higher, Finance Ministry Says
Officials proposed raising the value-added tax from 20% to 22% starting next year to help close a widening budget deficit amid record military spending...
2 Min read
Russia’s Auto Industry Faces Labor Shortages as 4-Day Work Week Forces Employees Out – Reports
Employee incomes have fallen by about 20% since GAZ introduced a four-day work week in July, Mash reported.
2 Min read
Russia’s Private Sector Activity Hits 3-Year Low
The S&P Global Purchasing Managers’ Index (PMI) fell to 46.6 in September from 49.1 in August.
2 Min read
Russia Plans Steeper Utility Tariff Hikes in 2026-2028, Outpacing Inflation
Economists warned that tariffs will continue to rise faster than inflation as the government seeks to fund upgrades to aging infrastructure.
2 Min read
Russia’s High Rates Pose Bigger Threat to Companies Than Past Crises, Think Tank Warns
The longer the economy operates under tight monetary conditions, the greater the risks to production and corporate balance sheets, a Kremlin-linked think...
3 Min read
Russian Regions Ration Gasoline as Drone Strikes Cripple Refineries
Stations in several regions are limiting drivers to 10-20 liters of gasoline per purchase or offering only diesel.
2 Min read
opinion
Alexandra Prokopenko
Can Russia’s Militarized Economy Ever Return to a Civilian Model?
A painless return to the civilian model is impossible: no amount of fortune can override the laws of economics.
9 Min read
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