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Articles with tag "Economy"

Russian Steel Tycoon Warns of South Korea-Style Corporate Concentration

Western sanctions have forced Moscow to rely more heavily on its largest corporate players to sustain key industries and national revenue.
opinion Jason Corcoran

Russian Banks Will Fall. The Question Is How Hard.

With some of Russia's largest banks preparing to seek bailout talks, it is clear the country's financial balancing act will not last.
5 Min read

Russia Plans $800M Aid Package for Struggling Coal Industry

Under the plan, coal companies would be allowed to defer mineral extraction tax payments and certain insurance contributions until Nov. 30.
1 Min read

Russian Steel Giant Reports Sharp Output Decline

Russia’s total steel production fell 8.6% in 2024 and another 7.2% in early 2025, the steepest drop among major producing countries.
2 Min read

Majority of Russians Unwilling to Adopt Digital Ruble, Survey Finds

The Central Bank’s blockchain-based digital ruble is being developed as a domestic payment alternative to bypass foreign banks and Western financial...
2 Min read

Sales of New-Build Homes Plummet in Russia as Mortgage Subsidy Ends

The end of a popular mortgage subsidy program and high borrowing costs have pushed many buyers out of the market.
2 Min read

Russian Coal Industry Faces Mounting Losses as Dozens of Companies Near Collapse

The Russian National Credit Rating Agency has suggested the industry could experience a wave of consolidation.
2 Min read

Russia’s Timber Industry Faces Shutdowns Amid Sanctions, Strong Ruble and Slumping Demand

Industry leaders described the current moment as one of the industry’s most difficult periods in modern history.
2 Min read

Moscow Blames Sanctions for Russia-UN Food Deal Collapse

Russia's Foreign Ministry said on Saturday that extending the deal was not "envisaged."
2 Min read

Seized U.S.-Owned Canned Food Producer to Explore Chinese, North Korean Markets Amid Sales Slide – Reuters

Sales at Russia’s largest canned food producer Glavprodukt, which is owned by the American Universal Beverage Company (UBC), have declined sharply...
2 Min read
News Analysis

Does Russia's Economy Have a Debt Problem?

Record-high interest rates have led to warnings of a systemic banking crisis in the next 12 months. How realistic is that possibility?
6 Min read

Survey Shows Many Russians Lack Financial Reserves

Approximately 38% of employed Russians have no financial cushion in case of an emergency.
1 Min read

Russia Weighs New Gasoline Export Ban to Tame Rising Domestic Prices – Izvestia

Retail gasoline prices rose 0.2% in the final two weeks of June and have climbed 3.25% since the beginning of the year.
2 Min read

Pork Prices Surge in Russia Following Potato Price Spike

The increases further intensify pressure on household food budgets as inflationary trends ripple through the country’s agricultural sector.
2 Min read

Taxi Fares in Moscow Surge Amid Driver Shortage

According to Rosstat, the price per kilometer for a taxi ride in Moscow rose 30.8% from May of last year to May 2025.
2 Min read

Kremlin Has Nationalized $50Bln in Assets Since Ukraine Invasion – Report

The sum is roughly equivalent to the country’s annual budget deficit or one-third of its annual military expenditures.
2 Min read

Russian Automotive Sector in Decline as Hundreds of Dealerships Close

Analysts blame high vehicle prices, the Central Bank’s stricter car loan policies and increased interest rates on loans and deposits.
2 Min read

Russians Set Record for Transfers to Foreign Brokers Amid Market Uncertainty

Despite the Central Bank’s repeated warnings, capital continues to flow outward.
2 Min read

Russia Sells Off More Foreign Currency from Wealth Fund to Bridge Budget Gap

Russia’s Central Bank will sell yuan on the Moscow Exchange at a rate of $124 million per day from July 7 to Aug. 6.
2 Min read

Russian Companies See Sharp Rise in Wage Arrears

A trade union report estimates the total of arrears to be significantly higher than government estimates, reaching $30 million in the first quarter.
2 Min read
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