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Articles with tag "Economy"

Russia's Monthly Inflation Creeps Up for the First Time in 6 Months

Economists had widely forecast a continued slowdown in monthly price growth for May.

Russia Moves to Revise 2025 Budget on Lower Energy Revenues and Wider Deficit

Russia’s deficit is now expected to rise to $47.8 billion, or 1.7% of GDP, amid a stronger ruble, lower global oil prices and further increases in military...
2 Min read

Russian Ruble Dips After EU Unveils New Sanctions on Energy and Banks

Investors reacted to fresh concerns over Western sanctions and weakening oil export revenues.
3 Min read

Russia's Budget Deficit Up Fivefold Over 2024 – Finance Ministry

Some analysts warn that the budget situation is becoming increasingly critical.
3 Min read

Russia’s National Welfare Fund at Risk of Depletion By 2026, Economists Warn

The warning underscores the mounting fiscal pressure facing the Kremlin as oil prices fall and the ruble strengthens.
3 Min read

Russia’s Central Bank Cuts Key Rate From Historic High as Economy Slows

The move marks the bank’s first rate cut since September 2022 and comes amid growing political pressure to ease borrowing costs.
1 Min read

Russian Car Sales Plunge 27.5% Year-on-Year

Over 70% of all new passenger vehicles sold in Russia since the beginning of the year were produced in either 2023 or 2024.
2 Min read
opinion Jason Corcoran

How Putin Turned Against Tech and 'Strangled' Russia's Silicon Dreams

Putin's obsession with control is killing Russia's chances for innovation as tech talent flees abroad and homegrown alternatives fail.
5 Min read
opinion Valery Panyushkin

Russia's Potato Dilemma Risks Causing a Health Crisis

People won't stop eating potatoes because they're too expensive. But they will stop eating more nutritious food, which will cause huge problems.
3 Min read

Russia at Rising Risk of Systemic Banking Crisis, State-Linked Economists Warn

While a full-blown crisis has not yet materialized, several warning signs point to a high likelihood of one happening, the experts said in a report.
3 Min read

Putin Acknowledges Russia’s Potato Shortage Amid Record Price Increases

“It turns out that we don’t have enough potatoes,” Putin said.
2 Min read

Dozens of Russian Companies Suspend Dividend Payments Amid Economic Uncertainty

High interest rates, reduced revenue and sanctions pressure are taking their toll on some of Russia's largest firms.
2 Min read

Borscht Ingredient Prices Surge Up to 87% in Russia

The so-called "borscht index" has been used as an indicator of economic well-being in Russia.
2 Min read

‘It Will Never Be the Same’: Can the West Win Back Russia’s Market from China?

The U.S. is interested in dissuading Moscow from aligning too closely with Beijing. But this shift is unlikely to be fully reversed.
7 Min read

Russia Eyes Budget Cuts as Sliding Oil Prices Drive Deficit Upward

The move would likely force the government to slash spending on civilian programs even further.
3 Min read

Russian Manufacturing Downturn Eases in April, But Remains Underwater

After strong economic gains in 2024, the Central Bank and Finance Ministry have engineered a slowdown to tackle stubbornly high inflation.
3 Min read

Russia’s Quarterly GDP May Have Declined in Q1 for First Time Since 2022, Experts Say

Analysts cited weak industrial output and low oil prices as key drivers of the downturn.
1 Min read
opinion Tatyana Rybakova

A Planned Economy in Modern Russia? It Didn't Work Last Time and Won't Work Today.

Potatoes in Russia are 300% more expensive than last year. But imposing price controls without addressing the cause is a recipe for disaster.
5 Min read

Russia Triples 2025 Budget Deficit Forecast to 1.7% of GDP

This year’s projected deficit is the country’s second-largest in nominal terms since the pandemic year of 2020, when the gap reached $55 billion.
1 Min read

Trump Tariffs Could Undercut Russian Industry, Central Bank Adviser Warns

If the U.S. and China fail to reach a resolution, Beijing could devalue the yuan, making Chinese goods more competitive and threatening Russia’s domestic...
2 Min read
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