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Articles with tag "Economy"

opinion Nigel Gould-Davies

From Authoritarianism to Totalitarianism: How the War Has Changed Russia

The Kremlin's demand for active support, rather than mere acquiescence, marks a fundamental shift in its social contract with the Russian people.
duty bound

Russia Resumes Publication of Trade Statistics After Year-Long Pause

Federal Customs Service is to resume publication of the country's official foreign trade data after a year-long hiatus, the agency announced on Monday...
2 Min read
‘too much state’

Russia Faces Looming Foreign Investment Crisis, Oligarch Warns

Russian oligarch Oleg Deripaska urged the Kremlin to ease its rules on foreign investment on Thursday.
1 Min read
stabilized drop

Russian Economy Contracts by 2.1% In 2022 — Rosstat

The Russian economy contracted by 2.1% last year, the government's statistics agency Rosstat said Monday, absorbing Western sanctions over Moscow's military...
2 Min read
bucking the trend

Russian Tech Giant Yandex Sees 2022 Revenues Jump Despite Sanctions

Russian tech giant Yandex announced on Wednesday that its revenues climbed 46% last year following a corporate restructuring amid unprecedented Western...
2 Min read
500,000 bpd

Russia to Slash Oil Output Over Western Price Cap

Russia announced Friday it will slash crude oil output by 5% next month after Western countries imposed a price cap over the Ukraine conflict. International...
'better than forecast'

Russian Central Bank Holds Key Rate at 7.5%

The Russian Central Bank will keep its key rate at 7.5%, it said Friday, noting that “economic activity trends are evolving better than the Bank...
budget woes

Russia Weighs Wartime Tax Increase – Report

Russia could increase taxes for the first time since the invasion of Ukraine to help plug a hole in the state budget, independent media outlet The Bell...
command economy

Russia's Central Bank Under Pressure to Be 'More Upbeat' – Bloomberg 

President Vladimir Putin’s government is pressuring Russia’s Central Bank to be “more upbeat” about the country’s economy...
in the red

Russian Budget Deficit Swells on Increased War Spending, Falling Energy Revenues

Russia's budget deficit surged to 1.76 trillion rubles ($24.8 billion) in January 2023, the Finance Ministry said Monday, as Western sanctions cut into...
In depth

5 Graphs Explaining Russia’s Wartime Economy

As Russian officials play down the economic impact of President Vladimir Putin’s order to invade Ukraine, the emergence of end-of-year data from...
positive growth

IMF Reverses Negative 2023 Forecast for Russian Economy

The Russian economy is predicted to grow 0.3% in 2023 despite setbacks from unprecedented Western sanctions over the Ukraine invasion, according to data...
crunching the numbers

Russia’s December Fiscal Deficit at Record-High – Bloomberg

Russia’s monthly fiscal deficit reached a record 3.9 trillion rubles in December amid the EU-imposed ban on seaborne crude oil exports and the increasing...
In depth

What Really Happened With Russia’s Economy in 2022?

While many analysts and observers expected the Russian economy to collapse under the weight of the Ukraine war and a flood of Western sanctions, the country...
opinion Alexandra Prokopenko

The Cost of War: Russia's Economy Faces a Decade of Regress

Nine months after Russia’s invasion of Ukraine, the Russian economy is doing better than expected. The predicted collapse has been avoided, and the...
economic uncertainty

Russia's Central Bank Warns of Labor Shortage Following Mobilization

The governor of Russia’s Central Bank, Elvira Nabiullina, warned on Friday that the country was facing a growing labor shortage following the conscription...
In depth

E-Scooter Firm Whoosh Seeks Russia’s First Ukraine War IPO

Russian E-scooter firm Whoosh’s plans for an initial public offering (IPO) this week — the first since Russia’s invasion of Ukraine &mdash...
green shoots

Russian Manufacturing Activity Hits 6-Year High

Russian manufacturing firms recorded their fastest rate of growth last month in almost six years due to new export orders and increased demand from domestic...
cost of living

Over a Third of Russians Admit Trying to Reduce Food Bill – State Poll

Amid sharply rising prices, inflation at 12.7% and disruption to supply chains due to Western sanctions, around 35% of Russian citizens say they are trying...
foreign deposits

Russia’s 2022 Cash Outflow Hits All-Time High

Russians have moved a record amount of cash out of the country so far this year, state media has reported. The equivalent of $32 billion has been...
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