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Articles with tag "Economy"

Russia’s KamAZ to Reintroduce 4-Day Workweek as Truck Market Slumps

A sharp downturn in the domestic heavy truck market is forcing the company to scale back production plans.

Russia Pauses Budget Rule Changes as Oil Price Spike Eases Pressure – Reuters

The spike in prices has given Moscow breathing room after a steep drop in energy revenues earlier this year.
2 Min read

Russia’s Gold Sales Hit Highest Level Since 2002 as Budget Pressures Mount

Total gold reserves fell to 74.3 million ounces, their lowest level in four years.
2 Min read

Russian Central Bank Lowers Key Rate to 15%

Policymakers highlighted an increasingly uncertain outlook for the Russian economy and inflation in the wake of the Iran war.
2 Min read

Russia Faces Acute Yuan Shortage as Trade Lifeline Tightens

Overnight yuan borrowing rates on the Moscow Exchange surged to 44% on Thursday.
2 Min read
opinion Sergei Shelin

Why High Oil Prices Won't Fix Russia's Budget Crisis

Rising fossil fuel prices may help Moscow avoid a worst-case scenario. But the core problems at the heart of Russia's economy remain.
6 Min read

Russians Report Worsening Mental Health Amid Rising Economic Worries – RAS Survey

The findings highlight mounting social strain as Russia’s war in Ukraine enters its fifth year and economic uncertainty persists.
2 Min read

Russians Turn to Cash as Card Blocks, Mobile Internet Outages Erode Trust in Digital Payments

Russians withdrew more cash from ATMs in January than in any month since the market turmoil that followed the invasion of Ukraine in March 2022.
2 Min read

Ruble Slides Despite Higher Oil Prices as Russia Halts FX Sales

The slide comes even as prices for Russia’s crude oil have climbed and the U.S. temporarily eased some sanctions on Russian oil.
2 Min read

Russia’s Investment Slips for First Time Since Pandemic

The drop was the steepest since 2015, when investment plunged 10.1% following Russia’s annexation of Crimea and Western sanctions.
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Income Inequality in Russia Approaching Record Highs, Research Group Says

Income inequality in Russia has risen for four consecutive years and is now approaching the record highs seen during the 2008 financial crisis, the independent...
2 Min read

Russia Weighs 10% Budget Spending Cuts as Revenues Slump – Reuters

The final decision will depend largely on how long the current oil price increase triggered by the Iran war lasts, Reuters' sources said.
2 Min read

Russian ‘Military Bank’ Posts 2025 Loss Amid Rising Defaults

The results underscore growing strains in parts of Russia’s banking system as high interest rates and heavy wartime borrowing weigh on companies.
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Russians’ Bad Household Debt Tops $30Bln as Repayment Strains Grow

The data point to growing strains in Russia’s consumer lending market as household borrowing continues to rise.
2 Min read
opinion Nikita Smagin

Russia’s Investments in Iran At Risk, Regardless of War’s Outcome

Russia was the largest foreign investor in Iran each year since 2022. The war could transform their economic relationship.
5 Min read

Low Oil Prices, Strong Ruble Squeezed Russia’s Budget in February

Experts said the recent surge in oil prices due to the Middle East conflict would not materially affect Russia's March revenues.
3 Min read

Russia Rejects Steelmakers’ Calls for Tax Breaks as Sector Slump Deepens

The government has opted instead for limited, targeted support as the sector struggles with falling demand and rising imports,
2 Min read

Russia Cuts State Support for Small Businesses Amid Budget Strain

Reduced support could deepen strains in a sector already grappling with slower growth and tax increases aimed at financing a budget stretched by military...
2 Min read

Russia’s Regions Post Largest-Ever Budget Deficit in 2025

The number of regions running a deficit also increased significantly — from 50 in 2024 to 74 in 2025.
2 Min read

Russia’s Energy Revenues Down 27% From Pre-War Levels – Analysis

In total, Russia earned 193 billion euros from energy sales over the past year, of which 14.5 billion euros came from the European Union. 
3 Min read
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