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Articles with tag "Economy"
Russia's Monthly Inflation Creeps Up for the First Time in 6 Months
Economists had widely forecast a continued slowdown in monthly price growth for May.
Russia Moves to Revise 2025 Budget on Lower Energy Revenues and Wider Deficit
Russia’s deficit is now expected to rise to $47.8 billion, or 1.7% of GDP, amid a stronger ruble, lower global oil prices and further increases in military...
2 Min read
Russian Ruble Dips After EU Unveils New Sanctions on Energy and Banks
Investors reacted to fresh concerns over Western sanctions and weakening oil export revenues.
3 Min read
Russia's Budget Deficit Up Fivefold Over 2024 – Finance Ministry
Some analysts warn that the budget situation is becoming increasingly critical.
3 Min read
Russia’s National Welfare Fund at Risk of Depletion By 2026, Economists Warn
The warning underscores the mounting fiscal pressure facing the Kremlin as oil prices fall and the ruble strengthens.
3 Min read
Russia’s Central Bank Cuts Key Rate From Historic High as Economy Slows
The move marks the bank’s first rate cut since September 2022 and comes amid growing political pressure to ease borrowing costs.
1 Min read
Russian Car Sales Plunge 27.5% Year-on-Year
Over 70% of all new passenger vehicles sold in Russia since the beginning of the year were produced in either 2023 or 2024.
2 Min read
opinion
Jason Corcoran
How Putin Turned Against Tech and 'Strangled' Russia's Silicon Dreams
Putin's obsession with control is killing Russia's chances for innovation as tech talent flees abroad and homegrown alternatives fail.
5 Min read
opinion
Valery Panyushkin
Russia's Potato Dilemma Risks Causing a Health Crisis
People won't stop eating potatoes because they're too expensive. But they will stop eating more nutritious food, which will cause huge problems.
3 Min read
Russia at Rising Risk of Systemic Banking Crisis, State-Linked Economists Warn
While a full-blown crisis has not yet materialized, several warning signs point to a high likelihood of one happening, the experts said in a report.
3 Min read
Putin Acknowledges Russia’s Potato Shortage Amid Record Price Increases
“It turns out that we don’t have enough potatoes,” Putin said.
2 Min read
Dozens of Russian Companies Suspend Dividend Payments Amid Economic Uncertainty
High interest rates, reduced revenue and sanctions pressure are taking their toll on some of Russia's largest firms.
2 Min read
Borscht Ingredient Prices Surge Up to 87% in Russia
The so-called "borscht index" has been used as an indicator of economic well-being in Russia.
2 Min read
‘It Will Never Be the Same’: Can the West Win Back Russia’s Market from China?
The U.S. is interested in dissuading Moscow from aligning too closely with Beijing. But this shift is unlikely to be fully reversed.
7 Min read
Russia Eyes Budget Cuts as Sliding Oil Prices Drive Deficit Upward
The move would likely force the government to slash spending on civilian programs even further.
3 Min read
Russian Manufacturing Downturn Eases in April, But Remains Underwater
After strong economic gains in 2024, the Central Bank and Finance Ministry have engineered a slowdown to tackle stubbornly high inflation.
3 Min read
Russia’s Quarterly GDP May Have Declined in Q1 for First Time Since 2022, Experts Say
Analysts cited weak industrial output and low oil prices as key drivers of the downturn.
1 Min read
opinion
Tatyana Rybakova
A Planned Economy in Modern Russia? It Didn't Work Last Time and Won't Work Today.
Potatoes in Russia are 300% more expensive than last year. But imposing price controls without addressing the cause is a recipe for disaster.
5 Min read
Russia Triples 2025 Budget Deficit Forecast to 1.7% of GDP
This year’s projected deficit is the country’s second-largest in nominal terms since the pandemic year of 2020, when the gap reached $55 billion.
1 Min read
Trump Tariffs Could Undercut Russian Industry, Central Bank Adviser Warns
If the U.S. and China fail to reach a resolution, Beijing could devalue the yuan, making Chinese goods more competitive and threatening Russia’s domestic...
2 Min read
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