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Articles with tag "Economy"

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.
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
opinion Sergei Shelin

Putin Does Not Need an Economic Revolution – Yet

Despite mounting economic pressure, a radical shift to a “mobilization economy” is less likely than it may seem.
7 Min read

Russia Can Manage Its Growing Deficit, Putin Says

The federal budget deficit grew by 40% in the first half of this year to reach 2.8% of gross domestic product.
1 Min read

Why the Middle East Oil Shock Failed to Save Russia’s Budget

Six months into the U.S.-Iran war, Russia’s oil windfall looks surprisingly meager despite initial predictions of a revenue boom.
3 Min read
opinion Sergei Shelin

Russia’s Economic Doomsayers Were Wrong. So Were the Optimists.

Neither Kremlin loyalists nor independent analysts consistently saw what was coming. The question is what they make of what comes next.
6 Min read

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.
4 Min read

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
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