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Articles with tag "Economy"

Russian Business Optimism Plunges Amid Tax Hike and Rising Costs – Survey

Just 4% of Russian companies view the domestic economy positively.

Russian Banks Shut Branches at Fastest Pace in Years as Services Move Online

The increase in closures reflects banks’ efforts to shift customers to remote services in order to cut costs and improve profitability, the Central Bank...
2 Min read

Russia’s Wage Race Nears End as Growth Slows, Analysts Say

Deteriorating economic conditions were making it impossible to sustain previous rates of wage increases, the deputy head of CMASF said.
2 Min read

Russia Boosts Work Permits for Indian and Bangladeshi Workers in 2025

Russia issued about 240,000 work permits to foreigners in 2025 overall, the highest number since at least 2017.
2 Min read

Russia Set for Sharp Early-Year Budget Deficit Amid Weak Oil Prices

Front-loaded spending is colliding with weak oil prices and falling energy revenues.
3 Min read

IMF Slashes Russia’s 2026 Growth Forecast to 0.8%

Previously, the IMF forecast Russia’s 2026 GDP growth at 1% before cutting it by 0.2% in the latest World Economic Outlook update.
1 Min read

Russian Inflation Drops Sharply in 2025

Analysts forecast inflation to pick up again in early 2026 as a rise in value added tax (VAT) kicks in, contributing to upward price pressures.
2 Min read

Russia to Tap National Wealth Fund at Record Pace as Oil and Gas Revenues Slump

The Finance Ministry plans to sell $165 million per day in Chinese yuan and gold from the National Wealth Fund from Jan. 16 to Feb. 5.
2 Min read

Russia’s Customs Revenues Fall 20% in 2025, Deepening Budget Shortfall

The shortfall reflects weaker trade volumes amid falling commodity prices and the impact of restrictive measures, analysts said.
2 Min read
opinion Dmitry Nekrasov

Russians Feel Inflation Is Higher Than Officials Say. Are They Correct?

Russians perceive inflation as being twice as high as Rosstat's official figures. But people in countries overestimate inflation to a similar degree.
6 Min read

Russia’s New-Build Home Sales to Fall in 2026, State Housing Agency Says

Dom.RF said the expected decline reflects stricter rules for the government’s family mortgage program, which dominated the market last year.
3 Min read

Russia’s Economy in 2026: More War, Slower Growth and Higher Taxes

The economy is likely to slide from a phase of “managed cooling” into outright stagnation this year, with recovery unlikely before 2027.
4 Min read

Russian Manufacturing Activity Falls for Seventh Straight Month as 2025 Ends

The S&P Global Purchasing Managers’ Index (PMI) fell to 48.1 in December, below the 50-point threshold that separates growth from contraction.
2 Min read

Did Russia’s Defense-Sector Boom Peak in 2025?

Signs are pointing to a slowdown in the war industry, raising questions about how long Moscow can sustain its current level of military output.
4 Min read
opinion Tatyana Rybakova

Russia's Economy in the Late 2020s Will Look a Lot Like the Late Soviet Economy

The question is not whether the parallels with the late Soviet era are real, but whether the story will end the same way that it did for the U.S.S.R.
5 Min read

Russia’s Tax Service Demands $121M in Back Taxes From Road Builders

Companies reportedly used fictitious documentation and fragmented chains of contractors to siphon off funds and reduce their tax liabilities.
1 Min read

Russia’s Restaurant Sector Shrinks for First Time Since 2022 as Costs Rise and Demand Slows

Rising labor costs, higher rents and more expensive ingredients are weighing on the sector while consumers are becoming more cautious.
2 Min read

Russian State Companies’ Payment Arrears to Businesses Surge in 2025

The news comes as several major state-controlled companies have reported deteriorating financial results.
2 Min read

Russians Expected to Slash New Year Spending as Inflation Bites

Higher prices for food, utilities and clothing have pushed consumers into a savings mindset.
2 Min read

Russia Reports Steep Inflation Drop as High Interest Rates Weigh on Economy

Annual inflation in November dropped to 6.6% compared to 7.7% a month prior.
1 Min read
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