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Articles with tag "Economy"

Sberbank’s Bad Loans Rise Nearly 20% as Russia’s Economic Troubles Deepen

The state-controlled bank reported 2.7 trillion rubles ($33.5 billion) in defaulted assets at the end of September, according to its financial statements...

Russian Retailers Warn of Smaller Black Friday Sales After E-Commerce Warehouse Drone Attacks

Several sellers said they lacked the stock or funds to offer substantial discounts, though Wildberries said it expected no reduction in product choice...
2 Min read

Russian Businesses Delay Payments as Cash Squeeze Deepens

Expert RA said businesses were increasingly postponing payments because they lacked the cash to cover day-to-day operations and faced difficulties securing...
2 Min read

Russian Central Bank Holds Key Interest Rate Steady

Policymakers have been weighing inflation risks against the need to lower currently high borrowing costs for businesses and consumers.
2 Min read

Russia’s Gold Reserves Fall to Lowest Since 2019 as Budget Deficit Widens

The Bank has reduced its holdings by 2 million ounces, or about 62 tons, since December, when it began its largest sustained sell-off in decades.
2 Min read

Russia’s Growing State Sector Nears Limit for Sustained Growth, Economist Warns

The head of Sberbank’s Center for Macroeconomic Research said Russia’s consolidated budget now amounts to 39% of GDP.
3 Min read

Putin Praises Russia’s Stock Market as Shares Slide and Growth Target Slips Away

His comments came after officials acknowledged that Russia would be unable to meet his goal of raising stock market capitalization to 66% of GDP by 2030...
3 Min read

Russia’s Oil and Gas Revenues Forecast to Rise 10% Year-on-Year in October to $12Bln

October revenue is expected to exceed September levels by about 164 billion rubles, or 36%.
1 Min read

Russian Business Investment Stalls in Third Quarter as Profits Fall, Uncertainty Persists

The Economic Development Ministry forecasts investment will fall 5.4% this year, following a 9.9% decline in the first half.
3 Min read

Sberbank Warns of Rising Overdue Loans as Russian Companies Struggle

The difficulties are affecting several sectors, including individual residential development projects, retail, commercial property and online marketplaces...
3 Min read

Russia’s Central Bank Says Putin’s Stock Market Target Is Out of Reach

Putin had ordered Russia to double its stock market capitalization to at least 66% of gross domestic product by 2030.
3 Min read

Russia’s Currency Buying Spree Set to Pressure Ruble as Oil Revenues Rise

The ministry said it would buy 279.4 billion rubles ($3.30 billion) worth of foreign currency between Oct. 7 and Nov. 6 under Russia’s fiscal rule.
3 Min read
News Analysis

Here's How Russia Plans to Pay for the Ukraine War in 2027

Moscow is planning higher taxes, more borrowing and cuts to national health programs to help it fund its record defense spending.
4 Min read

Russian Businesses to Pay $5.7Bln in ‘Voluntary’ Budget Contributions – The Bell

Contributions surged after Putin’s annual meeting with business leaders in March, when he asked billionaires to contribute toward the war effort.
2 Min read

Government Submits 3-Year Budget to State Duma as 2026 Deficit Set to Reach $88Bln

A record 34.9% of total budget spending is set to remain classified in 2027.
2 Min read

Russia’s Finance Ministry Fails to Sell Bonds as Borrowing Plans Weigh on Market

The failed sale comes as the government prepares to borrow more to cover a widening budget deficit.
2 Min read

Russia’s Crude Exports Rise as Diesel Ban Limits Gains From Higher Oil Prices

The increase could help Moscow fund its rising military spending, but it comes with a costly trade-off.
2 Min read
News Analysis

Russia Has a Budget Problem. Borrowing Its Way Out Won't Be So Simple.

The rising cost of debt is helping push Moscow toward tax hikes and spending cuts that analysts say could weaken growth.
3 Min read

What Could the ‘Super’ El Niño Bring to Russia?

The current super El Niño, the effects of which are already being felt across the globe, is on track to become the strongest on record.
3 Min read
opinion Tatyana Rybakova

Russia Has a Labor Shortage. So Why Can’t Anyone Find a Job?

Russia’s official unemployment rate of 2.3% should indicate a severe shortage of workers. But workers themselves tell a different story.
6 Min read
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