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Articles with tag "Economy"

opinion Anders Aslund

Why the Russian Economy’s Luck is Running Out

The positive economic figures from 2022 are exceptional. Sanctions and high capital flight are showing Russia's true economic weakness.
contraction over

Russian Economy Expands for Second Quarter Running

The economy expanded by 5.5% year-on-year in the third quarter after contracting in the same period last year, according to the state statistics agency...
2 Min read
rising prices

Russia Inflation Accelerates to 6.7%

Rising prices have caused concern for the Kremlin and Russia's Central Bank, which has raised interest rates to 15% in a bid to battle inflation.
2 Min read
hard exit

Russia Introduces New Currency Controls for Exiting Companies to Prop Up Ruble – FT

The new restrictions add to existing rules requiring foreign companies that seek to leave the country to sell their Russian assets at a discount and pay...
2 Min read
'above expecations'

Russia Raises Interest Rates to 15% on Inflation Fears

“Current inflationary pressures have significantly increased to a level above the Bank of Russia’s expectations,” the Central Bank said.
2 Min read
opinion Alexei Gusev

Ukraine War Is a Financial Boon for Small-Town Russia, But Can It Last?

More and more people are demanding explanations from local officials. And they’re not satisfied with answers that claim all decisions are taken in Moscow...
4 Min read
sour prediction

IMF Lowers Russia’s 2024 GDP Growth Forecast

The updated growth forecast placed Russia at the bottom of the IMF's list of major emerging markets and developing economies.
1 Min read
100 per dollar

Ruble Falls Further But Putin Says Economy 'Stable'

The Russian currency fell by as much as 101.46 rubles to the dollar in morning exchanges before paring down some losses.
1 Min read
export limits

Putin Urges Action Over Fuel Price Rise

Russia's government announced last week it was temporarily limiting exports of petrol and diesel fuel to "stabilize" the domestic market, amid reports...
1 Min read
key rate

Russia Raises Interest Rates to 13% Amid Inflation Concerns

The move is the second rate hike in two months following an emergency meeting in August held after the Russian ruble fell below 100 against the U.S. dollar...
3 Min read
In depth

Falling Ruble Dents Russia’s Image Among Central Asian Migrant Workers

The Russian economy relies on millions of migrant workers. A weak currency has many looking elsewhere for opportunities.
5 Min read
currency cut-off

Binance Restricts Russian Clients to Ruble Transactions

Binance’s restrictions follow reports on a U.S. Justice Department investigation into the company's possible violation of sanctions against Russia....
2 Min read
currency crunch

What Do Russians Think About the Ruble's Decline?

The ruble has taken a beating in recent weeks, triggering concerns that it could set off an inflationary spiral and panic in domestic financial markets...
1 Min read
response measures

Putin Opts Against Stricter Capital Controls Amid Ruble's Slide – Vedomosti

Exporters had “informally” agreed to raise foreign currency sales, allowing the government to avoid the “last resort” option of imposing capital...
2 Min read
emergency meeting

Russia Raises Interest Rates to 12% After Ruble Plummets

The ruble gained strongly on the decision, rising by more than 2% to around 95 against the U.S. dollar.
3 Min read
News Analysis

Kremlin Unfazed as Ruble Crashes Through 100 vs. Dollar

A weaker currency could help fund Russia’s invasion of Ukraine, but it will trigger an inflationary spiral at home.
5 Min read
currency crunch

Ruble Slips Past 100 Against Dollar

The Moscow Exchange showed the ruble trading at 101.01 to the dollar at 11:33 am local time, while it hit a near 17-month low of 110.73 against the euro...
1 Min read
no workers

Russian Factories Face Record Labor Shortages

A Gaidar Institute survey found that 42% of industrial enterprises faced a shortage of workers in July, surpassing a previous record set in April.
1 Min read
money drain

Russia Loses Record $253Bln in Wartime Capital Flight

The rate of capital flight relative to GDP hit 13% in 2022, breaking the previous record of 11% seen both in 2008 and 2014.
1 Min read
inflationary pressure

Russia Hikes Interest Rates for First Time Since Post-Invasion Fallout

A falling ruble and surging military expenditures are pushing up inflation.
3 Min read
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