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Articles with tag "Economy"
opinion
Nigel Gould-Davies
From Authoritarianism to Totalitarianism: How the War Has Changed Russia
The Kremlin's demand for active support, rather than mere acquiescence, marks a fundamental shift in its social contract with the Russian people.
duty bound
Russia Resumes Publication of Trade Statistics After Year-Long Pause
Federal Customs Service is to resume publication of the country's official foreign trade data after a year-long hiatus, the agency announced on Monday...
2 Min read
‘too much state’
Russia Faces Looming Foreign Investment Crisis, Oligarch Warns
Russian oligarch Oleg Deripaska urged the Kremlin to ease its rules on foreign investment on Thursday.
1 Min read
stabilized drop
Russian Economy Contracts by 2.1% In 2022 — Rosstat
The Russian economy contracted by 2.1% last year, the government's statistics agency Rosstat said Monday, absorbing Western sanctions over Moscow's military...
2 Min read
bucking the trend
Russian Tech Giant Yandex Sees 2022 Revenues Jump Despite Sanctions
Russian tech giant Yandex announced on Wednesday that its revenues climbed 46% last year following a corporate restructuring amid unprecedented Western...
2 Min read
500,000 bpd
Russia to Slash Oil Output Over Western Price Cap
Russia announced Friday it will slash crude oil output by 5% next month after Western countries imposed a price cap over the Ukraine conflict. International...
'better than forecast'
Russian Central Bank Holds Key Rate at 7.5%
The Russian Central Bank will keep its key rate at 7.5%, it said Friday, noting that “economic activity trends are evolving better than the Bank...
budget woes
Russia Weighs Wartime Tax Increase – Report
Russia could increase taxes for the first time since the invasion of Ukraine to help plug a hole in the state budget, independent media outlet The Bell...
command economy
Russia's Central Bank Under Pressure to Be 'More Upbeat' – Bloomberg
President Vladimir Putin’s government is pressuring Russia’s Central Bank to be “more upbeat” about the country’s economy...
in the red
Russian Budget Deficit Swells on Increased War Spending, Falling Energy Revenues
Russia's budget deficit surged to 1.76 trillion rubles ($24.8 billion) in January 2023, the Finance Ministry said Monday, as Western sanctions cut into...
In depth
5 Graphs Explaining Russia’s Wartime Economy
As Russian officials play down the economic impact of President Vladimir Putin’s order to invade Ukraine, the emergence of end-of-year data from...
positive growth
IMF Reverses Negative 2023 Forecast for Russian Economy
The Russian economy is predicted to grow 0.3% in 2023 despite setbacks from unprecedented Western sanctions over the Ukraine invasion, according to data...
crunching the numbers
Russia’s December Fiscal Deficit at Record-High – Bloomberg
Russia’s monthly fiscal deficit reached a record 3.9 trillion rubles in December amid the EU-imposed ban on seaborne crude oil exports and the increasing...
In depth
What Really Happened With Russia’s Economy in 2022?
While many analysts and observers expected the Russian economy to collapse under the weight of the Ukraine war and a flood of Western sanctions, the country...
opinion
Alexandra Prokopenko
The Cost of War: Russia's Economy Faces a Decade of Regress
Nine months after Russia’s invasion of Ukraine, the Russian economy is doing better than expected. The predicted collapse has been avoided, and the...
economic uncertainty
Russia's Central Bank Warns of Labor Shortage Following Mobilization
The governor of Russia’s Central Bank, Elvira Nabiullina, warned on Friday that the country was facing a growing labor shortage following the conscription...
In depth
E-Scooter Firm Whoosh Seeks Russia’s First Ukraine War IPO
Russian E-scooter firm Whoosh’s plans for an initial public offering (IPO) this week — the first since Russia’s invasion of Ukraine &mdash...
green shoots
Russian Manufacturing Activity Hits 6-Year High
Russian manufacturing firms recorded their fastest rate of growth last month in almost six years due to new export orders and increased demand from domestic...
cost of living
Over a Third of Russians Admit Trying to Reduce Food Bill – State Poll
Amid sharply rising prices, inflation at 12.7% and disruption to supply chains due to Western sanctions, around 35% of Russian citizens say they are trying...
foreign deposits
Russia’s 2022 Cash Outflow Hits All-Time High
Russians have moved a record amount of cash out of the country so far this year, state media has reported. The equivalent of $32 billion has been...
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