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Articles with tag "Economy"

Russia’s Economy Could Slip Into Recession by Year-End, Central Bank Warns

A quarterly contraction would mark Russia’s first year-on-year GDP decline since the first quarter of 2023, when the economy shrank by 1.6%.

Russia to Slow VAT Threshold Cut for Small Businesses After Backlash

This comes amid alarm among entrepreneurs and business lobbies who say that small firms could be forced to shut down or move into the shadow economy.
2 Min read

Russia’s Oil Revenues Plunge 27% Year-on-Year in October

Falling crude prices, a stronger ruble and tightening Western sanctions continue to cut into oil and gas revenue that is critical to Russia’s federal...
2 Min read

Putin Orders Development of Rare Earths Plan

Experts estimate that Russia ranks fifth globally in rare-earth reserves despite producing just 1% of the world’s rare minerals.
1 Min read
News Analysis

How Russia’s Auto Industry Ran Out of Road

Russia’s auto industry is floundering in the face of tough competition from China, weak domestic demand and poor export prospects.
5 Min read

Russia’s Central Bank Tightens Rules on Lending to Heavily Indebted Firms Amid Rising Corporate Risks

"The increased buffer will motivate banks to more carefully assess the risks of companies with increased debt burdens," the Bank said.
2 Min read

Russia Plans First-Ever Yuan-Denominated Bond Issue to Plug Growing Budget Deficit – Reuters

The yuan bond sale is likely to be financed by large state exporters earning revenue in Chinese currency.
2 Min read

Russia’s Economic Growth Slows for Third Straight Quarter – Ministry Data

Overall, Russia’s economy expanded by 1% in the first nine months of 2025, four times slower than the 4.3% growth recorded a year earlier.
2 Min read

Russians Snap Up Record Amounts of Gold as Sanctions Reshape Savings Habits

Western sanctions and restrictions on foreign currency transactions have made gold a popular option for Russians seeking to safeguard their wealth.
2 Min read

Russia's Lukoil to Sell Overseas Assets After U.S. Sanctions

The sanctions are set to freeze all Rosneft and Lukoil assets in the United States and prohibit U.S. companies from doing business with them.
1 Min read

Russian Stocks Slide as Ukraine Peace Talks Continue to Stall

Analysts said the sell-off is being driven by continued geopolitical uncertainty.
2 Min read

Russia’s Defense Industry Shows Signs of Slowdown After Years of Wartime Growth

Industries linked to the military sector entered stagnation or decline in September for the first time since the invasion of Ukraine began.
2 Min read

Russian Central Bank Cuts Key Rate to 16.5% as Economy Slows

The move marks the regulator’s fourth consecutive rate cut, down from its high of 21% in June.
2 Min read

Russia's Planned Tax Hike Would Put Hundreds of Thousands of Small Businesses at Risk of Closure, Lawmaker Warns

The head of the New People party said the proposal to lower the annual revenue threshold for VAT would hit small and medium-sized enterprises in the regions...
2 Min read

Russia’s Household Deposits Growth Slows to 3-Year Low – Central Bank

Analysts noted that the inflow of new funds is now smaller than the amount of interest accrued, pointing to a decline in households’ savings activity...
2 Min read

Russia’s Severstal Reports Sharp Profit Drop, Negative Cash Flow

Severstal, controlled by billionaire Alexei Mordashov, posted a third-quarter profit of 12.99 billion rubles ($160 million).
2 Min read

Russian Titanium Giant Cuts Workweek Amid Falling Demand

VSMPO-Avisma is the world’s largest titanium producer, accounting for 90% of Russia’s total output.
2 Min read

Russian State Giants Top Corporate Debt Ranking – Forbes

According to Central Bank estimates, one in six major companies is now struggling to manage its debt.
2 Min read

IMF Cuts Russia’s 2025 Economic Forecast Again

The revision marks a 0.3 percentage-point downgrade from the IMF’s July estimate of 0.9% annual GDP growth.
1 Min read

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...
2 Min read
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