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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...

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...

Command economy

Belarus Leader Bans Price Rises to Tackle Inflation

Belarus President Alexander Lukashenko on Thursday banned price increases with immediate effect to curb galloping inflation in the former Soviet country...

looming recession

Explainer: What Does Russia’s ‘Zero-Inflation’ Mean?

“Things are a lot worse than they are saying,” said one economist.

In Graphs: How Putin’s Invasion of Ukraine Impacted Russia

From attacks on local enlistment offices to the deaths of thousands of soldiers, here is how Russia has changed in 100 days of war.

Russian Shoppers Feel Pinch as Inflation Tops 16%

Inflation has been speeding up for months due to the post-pandemic recovery, high prices for raw materials, as well as sanctions and logistical challenges...

INFLATION BATTLE

Russia Hikes Interest Rates Again, Warns of ‘Overheating’ Economy

The Central Bank raised its key rate to 9.5% as inflation pressures continued into the new year.

Russian Inflation Continues Surge Ahead of Central Bank Key Rate Decision

January prices rose by 8.73%, a six-year high, increasing pressure on household budgets.

Let them eat...Mishustin

Russian Artist Highlights Inflation Struggles With Food Portrait of Prime Minister

The food used to create Mishustin's portrait cost is worth the average increase in cost of living over the past year.

Ukraine Standoff Threatens to Derail Russia’s Domestic Battle Against Inflation

Even without invasion, the crisis is accentuating rising price pressures at home.

Russia’s 2021 Inflation More Than Double Official Target

Prices rose by 8.4% — a six-year high — as the Central Bank looks set to continue hiking interest rates.

Russia Sharply Hikes Rates in Desperate Battle With Inflation

The Central Bank has raised interest rates to their highest level in four years as inflation threatens fragile pandemic recovery.

'ECONOMIC DISASTER'

Russia’s Inflation Surges Once More, Central Bank Poised for Rate Hike

Inflation has surpassed expectations again, climbing to 8.4% in November.

PRICE CONSCIOUS

Rising Inflation Gives Boost to Russia’s Discount Retailers

Surging prices and weak wages are a win-win for Russia’s bargain stores, even as the wider economy slows.

Economic headache

Russian Inflation Jumps to 8.1%

Prices are accelerating at the fastest pace in almost six years.

Russia Hikes Rates as Economists Warn of Triple Threat to Economy

The Russian economy faces a surge in coronavirus cases, partial lockdowns and spiralling inflation.

Russian Inflation Continues Climbing, Sets New 5-Year High

Prices have risen by 7.4% over the last year — almost twice the government’s target.

INTEREST RISING

Russia’s Central Bank Hikes Rates Once More in Inflation Battle

The bank is in a cat-and-mouse game as it tries to keep up with stubborn price rises.

Russia’s Inflation Hits New 5-Year High Ahead of Parliamentary Polls

As Russians prepare to head to the polls, rising prices are one of the biggest sources of discontent with the ruling party.

World Economy Could Face 2008 Meltdown, Russia’s Central Bank Warns

In new report, regulator sees potential for global recession and financial crisis within 18 months.

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