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What We Trade in the Shadows: Just How Much Do We Know About the Russian Economy?

Analysts have been struggling to shed light on how Russia gets its money, where it keeps it and what it does with it.

Russian Manufacturing Growth Hits 1-Year Low in August

New orders and employment also slowed last month, according to S&P Global’s Purchasing Managers’ Index.

Truck Driver Wages Become Fastest-Growing in Russia – Data

Trucking firms and industry experts linked the surge in wages to labor shortages and rising demand.

Counting the Economic Costs of Ukraine’s Kursk Assault

Ukraine's assault on Russia's Kursk region has so far had limited economic impact, but leaves ample room for escalation.

Russian Economic Growth Dips in Second Quarter as Inflation Rises

The numbers are the lowest quarterly result since the start of 2023, but still a sign that the economy is expanding.

Russia’s Central Bank Raises Rates to 18% Amid Inflation Woes

The increase comes as the country struggles to get a hold on inflation and as widespread labor shortages drive up wages.

Russian Tycoons Earn $11.3Bln in Dividends Amid Wartime Economic Boom – Bloomberg

The earnings underscore how the Russian economy has adapted to the punishing Western sanctions imposed in response to the 2022 invasion of Ukraine.

Russia’s Central Bank Chief Signals Interest Rate Hike

The war economy combined with record labor shortages in many sectors, has created an inflationary spiral that has gripped the country.

World Bank Upgrades Russia to ‘High-Income’ Country

“Economic activity in Russia was influenced by a large increase in military-related activity in 2023,” the World Bank said.

Russian Inflation Rises Once Again in May

Increases in government expenditure have supported Russia's economy but also triggered surging prices and labor shortages.

Russia Is Preparing New Tax Hikes. Here’s Why.

As military spending soars, the Finance Ministry seeks to move away from the flat income tax that was long a cornerstone of Putin’s economic policy.

opinion Ekaterina Kurbangaleeva

Russia's Soaring Wartime Salaries Are Bolstering Working-Class Support for Putin

Many formerly badly paid Russian blue-collar workers have seen their salaries skyrocket since the full-scale invasion of Ukraine, far outpacing inflation...

Military Spending Pushes Russian Economic Growth Up

Putin denied that Russia's vast military spending — which he said had passed 8% of GDP — had hit unsustainable levels.

opinion Nick Trickett

Russia’s New Defense Minister Faces Thankless Economic Task

There is no viable way to sustain a system that destroys future growth by throwing young lives and resources into grisly and unproductive ends.

Russians Returning From Abroad Help Boost Kremlin’s War Economy – Bloomberg

The returnees contributed between one-fifth and one-third of Russia’s 3.6% GDP growth in 2023, according to Bloomberg’s estimates.

Russia Holds Rates After Putin Urges Caution

Speaking to business leaders on Thursday, Putin had stressed the need to be "careful" over when to start cutting rates.

IMF Raises Russia’s Growth Forecast for 2024

Russia’s economy is expected to grow 3.2% this year, up from the previous forecast of 2.6% issued in January.

Russia Extends Curbs on Money Transfers Abroad

The restrictions will be in effect between April 1 and Sep. 30, Russia's Central Bank said.

Russia's Central Bank Keeps Rates at 16% Amid Stubborn Inflation

"Over the medium term, the balance of inflation risks is still tilted to the upside," the regulator said in a statement.

Russia to Cut Oil Output by 471,000 Bpd in 2Q24

Deputy Prime Minister Alexander Novak said Moscow will reduce its output by 350,000 bpd in April, 400,000 bpd in May and 471,000 bpd in June.

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