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Articles with tag "Economy"

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...

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

Russia Moves to Raise VAT by 2% as Budget Deficit Swells

The proposed increase comes as the Finance Ministry now forecasts GDP growth slowing to 1% this year, down from an earlier 2.5% estimate.
3 Min read

Russians Cut Bank Debt as Lending Slows After Credit Boom

The cancellation of subsidized mortgages, a record-high key rate of 21% and restrictions on retail lending have all slowed growth.
2 Min read

Russian Defense Salaries Fall in First Since Ukraine Invasion

Novaya Gazeta Europe found that advertised salaries in the defense sector were down 10% in in August 2025 compared to the same month of 2024.
1 Min read

Russia’s Taxi Industry Hits a Breaking Point as Prices Soar, Migrants Shut Out and Options Shrink

Taxi parks sit with idle vehicles, passengers cannot afford basic transportation and underground networks recreate Soviet-era informal economies. 
6 Min read

Russian Government Moves to Tighten Budget Rule as Oil Income Shrinks

Finance Minister Anton Siluanov said the cut-off oil price would be lowered by $1 every year starting in 2026, with the threshold ultimately falling to...
2 Min read

Russian Central Bank Slashes Key Rate to 17% as Economic Slowdown Fears Grow

Policymakers said inflation expectations “remain high.”
3 Min read
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