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TEMPORARY PAUSE

Russia Holds Back on Interest Rate Cuts, Citing Inflation Risks and Global Uncertainty

The Central Bank held its key rate at 4.25% on Friday, but said more cuts were likely before the end of the year.

MARKET CONTAGION

Navalny Poisoning, Second Wave Fears and Vaccine Setback Weigh on Russia’s Markets

The Russian ruble and stock market remain out of favor among international investors.

Russian Economy Under Pressure After Navalny Novichok Poisoning

Investors fear sanctions, sending ruble and stock markets into the red.

CORONAVIRUS RECESSION

Russia Upgrades Economic Outlook on Strong Data

The hit to GDP is expected to be less severe than first thought.

CORONAVIRUS RECESSION

Coronavirus Pandemic Rebalances Russia’s Corporate Landscape

Earnings season shows tech companies setting record-high share prices, and closing the gap on Russia’s energy giants.

Russian Government Borrowing to Hit 15-Year High

The Kremlin is opting to take on more debt rather than eat into its $175 billion rainy day fund.

opinion Konstantin Sonin

Belarus Needs to Learn From Russia’s Flawed Privatization

A quick change in the economy will prove to be disastrous without a professional state.

CORONAVIRUS RECESSION

Russian Economy Shrank 8.5% in Second Quarter – Official Data

Fall in GDP is less severe than government and Central Bank feared.

CORONAVIRUS RECESSION

Coronavirus Sends Income for Russia’s Entrepreneurs to Lowest Level On Record

Russians’ income from business activity has fallen to a century low.

Russian Ruble Tumbles Amid Bleak Economic Data, Sanctions Risk

The ruble has slid to its lowest level in months.

Russian Savings Jump During Coronavirus Crisis

As wages fell and unemployment rose, Russians saved almost one in every four rubles throughout the pandemic.

NATION OF HOMEOWNERS

Cheap Coronavirus Loans Propel Russia’s Mortgage Market

Lending for homes was up 28% in June, thanks to a government-backed scheme.

Russia Ditches Goal of Becoming Top 5 Economy

President Vladimir Putin confirms national development goals delayed from 2024 to 2030.

Russia Signals Return to Fiscal Conservatism With Future Budget Cuts

Russia's Finance Ministry wants to cut spending by up to 10% from next year.

Russian Economy Won't Reach Pre-Coronavirus Level Until 2024

Recovery will be among the world’s slowest.

CORONAVIRUS RECESSION

Russian Economy Shrank 10% in Second Quarter – Central Bank

Oil production cuts outweighed recent recovery in other parts of economy.

Central Asian Migrants Worst Hit by Coronavirus Job Losses in Russia

Four in ten migrant workers became unemployed during the crisis.

WINDOW SHOPPING

Idle Moscow Stores Reveal Emerging Economic Scars

Shop vacancy rates in the Russian capital are set to hit a record high, and experts expect a wave of bankruptcies in Russia’s services sector.

Putin’s WWII and Referendum Holidays Cost Russian Economy More Than $5Bln

The government added two extra public holidays to stage delayed Victory Day parade and assist constitutional vote.

Russia’s Top Firms Criticize Government’s Coronavirus Support Package

Businesses report excessive bureaucracy, daily requests for data and fear that political favors will be required in exchange for cheap loans and tax deferrals...

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