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Articles with tag "Economy"

Russian Growth Outlook Darkens as Ukraine Hits Oil Infrastructure

CMAKP said hopes that surging global oil prices would give Russia’s economy a meaningful boost were unlikely to materialize because repeated attacks...

Russian Deputy PM Questions $4 Apples in Far East Despite Arctic Affordability Law

“To be honest, that kind of price is striking,” Deputy Prime Minister Yury Trutnev said.
2 Min read
News Analysis

For Russia’s Ailing Coal Sector, Not Even the Middle East Crisis Can Bring Relief

Russian and Western analysts say the crisis may instead accelerate Asia’s shift toward alternative energy sources.
5 Min read

Russia’s Regional Budget Deficit to Widen to $25.3Bln in 2026, Finance Minister Warns

Alowing economic growth, weaker corporate profits and heavy spending obligations are straining local finances.
2 Min read

Russia’s Nornickel Reports Sharp First-Quarter Drop in Metal Output

Analysts say further EU restrictions on Russia’s Murmansk port, a key export route for the company’s metals, could add fresh pressure this year.
2 Min read

Russia’s Small Businesses Slide Into Losses After Tax Hikes, Surveys Show

The findings suggest that tax changes introduced at the start of 2026 are squeezing smaller companies while also delivering weaker-than-expected tax revenues...
2 Min read

Russia’s Central Bank Cuts Key Rate to 14.5%

It marks the eighth consecutive cut since borrowing costs were hiked to a two-decade high in 2024 to curb surging inflation.
2 Min read

Russia to Resume FX Operations Under Fiscal Rule as Oil Prices Surge

The move marks a return to a key policy tool that had been suspended earlier this year after a sharp drop in oil and gas revenues.
3 Min read

More Than Half of Russians Put Off Home Renovations as Costs Rise, Survey Finds

Rising borrowing costs, higher utility tariffs and persistent inflation are forcing households to scale back discretionary spending.
2 Min read

Russia’s Small-Farm Lobby Seeks Urgent State Aid

The appeal comes as the government weighs cuts to agricultural spending amid mounting fiscal pressure.
3 Min read

Russian Companies Freeze Hiring as Demand Cools, Central Bank Says

Some 64% of companies surveyed by the regulator said they do not plan to change staff numbers this year, citing subdued demand for their products.
2 Min read

Russians Trade Down to Cheaper Food as Incomes Come Under Pressure

X5’s hard-discount chain Chizhik is expected to overtake Pyaterochka in revenue for the first time this year, its president said.
2 Min read

Russia Signals Pullback in Business Support as Budget Strains Mount

Russia’s economy is slowing after a period of rapid, state-driven expansion that relied heavily on spare labor, industrial capacity and fiscal reserves...
3 Min read

‘The People Are Afraid of You’: In Rare Appeals, Celebrities Ask Putin to Address Russians’ Suffering

The appeals began when blogger and influencer Viktoria Bonya called on Putin to address mounting social and economic pressures in a now-viral video.
4 Min read

Russian Part-Time, Idle Workforce Hits Highest Since 2020 Pandemic Peak

The surge points to a widening use of reduced working hours as companies seek to cut costs without resorting to mass layoffs.
2 Min read

Russian Central Bank Governor Warns of Unprecedented Labor Shortage

“This is a new reality for the government and for business alike,” Elvira Nabiullina said at an economic forum in Moscow.
2 Min read

Putin Demands Answers as Russia’s Economy Undershoots Expectations

He called for urgent measures to revive growth in what marks his second public complaint about economic weakness in a month.
3 Min read
opinion Vasily Burov and Andrey Yakovlev

Ending the Ukraine War Won't Fix Russia's Economy

The war exposed problems that have been accumulating for decades and won't be sorted without intensive reforms for which there's no appetite.
6 Min read

Russia’s Federal Budget Deficit Blows Past Annual Target in Just 3 Months

The staggering shortfall was underscored by a sharp decline in energy tax receipts and a double-digit spike in government spending.
2 Min read

Russia's Manufacturing PMI Falls in March as Confidence Hits Lowest Since 2022

Companies continued to report subdued demand, forcing them to cut production and reduce their workforces, S&P Global said. 
3 Min read
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