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Russia Raises Interest Rates to 13% Amid Inflation Concerns

The move is the second rate hike in two months following an emergency meeting in August held after the Russian ruble fell below 100 against the U.S. dollar...

Falling Ruble Dents Russia’s Image Among Central Asian Migrant Workers

The Russian economy relies on millions of migrant workers. A weak currency has many looking elsewhere for opportunities.

Prigozhin Plane Crash: What Do We Know?

Here’s everything we know about the crash, reactions from world leaders and analysis of what it could mean for Russia.

Raiffeisen’s Russian Division Imposes 50% Commission on Incoming Dollar Transfers

The minimum commission charged will be $1,000, up to a maximum of $10,000.

Russia Raises Interest Rates to 12% After Ruble Plummets

The ruble gained strongly on the decision, rising by more than 2% to around 95 against the U.S. dollar.

Kremlin Unfazed as Ruble Crashes Through 100 vs. Dollar

A weaker currency could help fund Russia’s invasion of Ukraine, but it will trigger an inflationary spiral at home.

Russia’s Digital Ruble Won’t Help It Evade Sanctions Anytime Soon

Russian lawmakers, think tanks and state media outlets have touted the Digital Ruble as a game-changer in helping Russia skirt Western restrictions.

Russia Hikes Interest Rates for First Time Since Post-Invasion Fallout

A falling ruble and surging military expenditures are pushing up inflation.

Russia’s Surging Trade With China Creates Infrastructure Headaches

Russia’s logistics network is creaking under the weight of record trade with Asia.

‘Foreign Companies Are Being Taken Hostage’: Kremlin Escalates Campaign on Western Corporates

Moscow is unlikely to stop with the seizure of Russian assets of Carlsberg and Danone, experts say.

Russian Ruble Briefly Hits 15-Month Low After Prigozhin Rebellion

Analysts said the fact the Kremlin and Prigozhin appear to have struck some kind of deal to quash the mutiny helped avoid a deep market crisis.

Prigozhin's Insurrection Creates Headaches for Russia-China Alliance, Experts Say

China will see the rebellion — and Putin’s failure to keep the mercenary boss in check — as a sign of Russian "incompetence."

Crimea’s Tourism Industry Faces Another Lost Summer as War Rages On

Putin promised prosperity and security when he annexed Crimea in 2014. Now his war on Ukraine could be a fatal blow for the region’s tourism sector.

Big Pharma Grapples With Russia Boycott Push

Debate rages over whether medicine makers should join the hordes of Western firms leaving Russia.

Putin Orders Europe to Pay Rubles for Russian Gas

Move is seen as a bid to get Europe to roll back heavy sanctions on Moscow.

Russia’s Central Bank to Buy Government Bonds

After a three-week suspension, limited trading will resume on Russia’s financial markets Monday.

Russia’s Inflation Rate Surpasses Annual Target in Two Weeks

Prices have shot up at their fastest pace in more than two decades since Moscow invaded Ukraine.

Yandex Head Quits After Surprise EU Sanctions

Tech giant that previously tread path of compromise with Kremlin comes under Brussels’ fire.

For Russia's Small Businesses, Instagram Ban Deals a Huge Blow

Already facing the economic shock of sanctions, Russia's entrepreneurs have now lost a critical means of running their businesses.

Kremlin ‘Silent’ as Economy Collapses Around It

There are few ideas and even fewer policies for how to deal with Russia’s economic malaise.

She Signed an Open Letter Calling for Peace. Then Got Fired.

Russians who signed petitions against Russia’s war in Ukraine are losing their jobs.

How is Russia’s State TV Depicting the War in Ukraine?

Footage and narratives are at odds with coverage of the invasion from Western news organizations.

Russia’s Economy on the Brink of Crisis After Ukraine Attack

Despite Moscow’s talk about a sanctions-proof economy, Putin’s military action will likely have steep costs.

Rewriting History, Putin Pitches Russia as Defender of an Expanding Motherland

In an emotional and angry speech, the president justified his decision to recognize breakaway states in Eastern Ukraine as independent.

‘Illogical and Unfair’: Russian Firms Hunker Down Under Sanctions Threat

Despite signs of de-escalation, the war scare has spooked Russia’s government and firms into action over their vulnerabilities to Western sanctions.

Russian Investors Flocked to Stock Market as Prices Crashed

The Russian stock market saw some of its most volatile trading in decades last month. Many ordinary Russians sensed an opportunity.

‘Russians Are Not Your Enemy’: A Lonely Petition Against Kremlin’s War Wind-Up

While most Russians blame the West for the standoff over Ukraine, some intellectuals are trying to tell the world that not everybody backs Putin.

Thriller-Documentary 'Navalny' Opens Online at Sundance

Fast-paced drama chronicles Alexei Navalny's investigation into the men behind the 2020 Novichok poisoning attack that almost killed him.

As Markets Crash and War Fears Grow, Russia’s Business Elite Suffers in Silence

Some of the country’s most successful executives are preparing for heavy losses, but unable to speak out or influence events.

In the World’s Biggest Country, Vertical Farming Gains Ground

Despite Russia’s status as an agricultural superpower, hi-tech, intensive, indoor farming is gaining a foothold.

Russia’s Central Bank Steps In to Halt Ruble Slide as Markets in Freefall

Russia’s Central Bank was forced to halt foreign currency purchases in a bid to stop a dramatic slide in the value of the ruble.

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

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

Biden Threatens Dollar Ban on Russian Banks

The U.S. said it could block Russian financial institutions from trading in dollars if Moscow invades Ukraine.

Russia’s Business Owners Fear Kremlin Pressure Set to Tighten

The country’s biggest businesses will be asked to contribute even more to Russia’s development.

Russia’s Economy Set to Face Old Problems in New Year

After a swift recovery from the coronavirus recession, the Russian economy is facing a familiar set of challenges.

European Businesses Fight Against Russia’s ‘Drastic’ Health Checks Law

Lobbying drive ramping up as firms warn of “exodus” if staff are forced to undergo quarterly health checks.

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.

Is the Tide Turning for Russia’s IPO Wave?

With dealmaking and stock markets at record highs, and plenty of international competition, investors cool on latest Russian offerings.

Russia Faces $2T in Stranded Hydrocarbon Assets in Net Zero World

Researchers say more than half of Russia’s oil and gas infrastructure could be worthless within the next 15 years.

Moscow Raids Firms Violating Lockdown, as Small Businesses Call for Help

Owners say weak support from the government has left them with no choice but to carry on working.

Russia’s Excess Death Toll Passed 720K Before Brutal Fourth Wave

The country is recording record-high numbers of new infections while vaccination rates remain low.

As Moscow Prepares for Another Lockdown, Frustration Mounts Among Vaccinated Minority

Russians who had the jab say they are being punished for the country’s low vaccination rate.

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 Journalist Dmitry Muratov Wins Nobel Peace Prize

The editor of the independent Novaya Gazeta newspaper said he would have awarded jailed Kremlin critic Alexei Navalny the honor.

Russian World Cup Stadium Strives To Avoid White Elephant Status

Home to its third football club in as many seasons, Saransk’s $300M Mordovia Arena risks becoming a symbol of Russia’s costly World Cup legacy.

Deripaska-Linked Firms Sent Thousands to Moscow On Election Day. Some Said They Were On Standby for a Pro-Kremlin Rally.

Around 11,000 employees came to the capital for an online conference covering topics from family values to geopolitics.

Russia’s Gazprom Inks 15-Year Gas Contract with Hungary

Deal between Moscow and Budapest has angered Ukraine and comes as gas prices in Europe hit record highs.

Statisticians Claim Half of Pro-Kremlin Votes in Duma Elections Were False

Russia’s opposition has claimed the vote was the country’s most fraudulent in recent history.

‘There Is Fatigue After 20 Years’: A Young Russian Duma Candidate Pushes for Change

Anastasia Bryukhanova thinks Russia’s political institutions, and its leader, are showing their age.

Russia's Opposition Candidates Are Fighting Among Themselves. Again.

Alexei Navalny's Smart Voting system has added a new dimension to an old problem.

In Small-City Russia, Elections Feel Irrelevant For Local Business Owners

Saransk’s entrepreneurs are divided on whether the government is on their side, but discontent is unlikely to be reflected in the coming Duma vote.

Russia’s Excess Death Toll Hits 600K

A Delta variant sweeping across the country and low vaccination rates resulted in more than 2,000 extra fatalities a day during July.

IMF Awards $1Bln Reserves to Belarus Despite Fierce Opposition

Minsk was included in the IMF’s historic reserve allocation despite strong pushback from the U.S. and others.

Leaked Sputnik V Report Shows More Inconsistencies in Clinical Trial Data

Findings outlined in a 136-page study report into vaccine’s development show different data from developer’s public statements.

As Coronavirus Fatalities Hit a Record High, Russia’s Vaccination Campaign Falters

With parliamentary elections looming, the Kremlin is wary of pushing Russians too hard to do something a majority are against — getting vaccinated.

As Russia’s Vaccine Diplomacy Falters, One Caribbean Country Goes All in on Sputnik V

St. Vincent and the Grenadines’ Prime Minister Ralph Gonsalves told The Moscow Times he’s betting on Sputnik V to win over a hesitant population.

Kenya’s Failed Sputnik V Deal Used Emirati Resale Scheme

Documents obtained by The Moscow Times show a failed agreement used the same controversial resale deal linked to a royal middleman in the UAE.

Premium Healthcare Provider Becomes Russia’s Latest $1Bln Unicorn

Stock market debut values European Medical Center at $1.1 billion after pandemic took revenues to record high.

A Royal Mark Up: How an Emirati Sheikh Resells Millions of Russian Vaccines to the Developing World

The Moscow Times investigated a deal between Russia and a minor Dubai royal to supply poor countries with Sputnik V — at high prices.

Demand Finally Outstrips Supply in Russia’s Vaccination Race

As mandatory vaccination programs kick-start a sluggish jab campaign, the country’s regions are facing shortages.

WHO Finds Production Infringements at Sputnik V Manufacturer

The World Health Organization (WHO) has outlined a series of concerns following inspections of Sputnik V manufacturing sites in Russia.

Moscow Businesses Call For Free Vaccination for Labor Migrants

Unless the rules around foreigners receiving vaccines are relaxed, entrepreneurs doubt Moscow's mandatory vaccination campaign will be a success.

Russia's Unprecedented Mandatory Vaccination Push Divides Society

Russian officials are desperate to get citizens vaccinated in a nation that distrusts vaccines.

Russia’s Pandemic Excess Deaths Climb to 475K

In encouraging sign, Russia recorded one of its smallest monthly fatality spikes in April since the start of the pandemic.

Russia’s Inflation Surge Is Not Temporary, Will Hurt Economy, Central Bank Warns

At ‘Russia’s Davos,’ Russia’s top economic policymakers debate how to tame price rises.

World Bank Urges Russia to Adopt Guaranteed Minimum Income to Slash Poverty

Russia spends $30 billion on social welfare, but only 10% goes to the extremely poor.

With Carbon Border Taxes Looming, Rusal to Spin Off High-Carbon Assets

Deripaska-linked aluminum producer will divest its dirtiest plants as it hopes to tap into a booming green metals market.

Big Mergers at Russia’s Top Supermarket Chains Kick Start Consolidation Race

Russia’s grocery market is highly fragmented. Now the biggest players are trying to change that.

Russia’s Inflation Headache Intensifies as PM Blasts Corporate ‘Greed’ for Price Hikes

Mikhail Mishustin attacked companies for profiteering, driving Russia’s inflation rate to a five-year high.

Russia’s Pandemic Excess Death Toll Passes 460K

Country continues to be one of the world’s hardest hit, as Moscow reports growing case numbers.

Is Russia Entering a Third Coronavirus Wave?

Despite the Kremlin denying a hidden rise in cases, figures for Moscow and reports from hospitals paint a worrying picture.

Should Russian Banks Be Scared of SWIFT Disconnection?

Talk of financial Armageddon should Russia be kicked out of the system may be overblown.

Putin Announces New Cash Handouts, Familiar Policies in Pre-Election Pitch

Bonuses for families were top of the agenda in a state of the nation address focused on Russia’s domestic problems.

Russia’s Claims of Sputnik V's 97.6% Effectiveness Under the Spotlight

Limited data and possible methodological shortcomings raise concerns Russia is cherry-picking and embellishing vaccine data.

Russian Markets Shrug Off New Sanctions

The ruble and stock market have recovered, but risks remain.

Explainer: Why Is the U.S. Sanctioning Russia and What Impact Will it Have?

The U.S. has imposed the widest anti-Russia sanctions since 2018.

Russia’s Sputnik V Vaccine Less Effective Against South African Variant – U.S. Study

Sputnik V developers have criticized the study, branding the conclusions and methodology “weak.”

Sanctions Threat Pushes Foreign Share of Russian Debt to 6-Year Low

International investors hold less than 20% of Russia’s government debt for the first time in six years.

Russia’s Excess Death Toll Hits 422K

The country was recording more than 1,000 extra fatalities a day during February, official statistics show.

One Year On: How Russia’s Coronavirus Lockdown Hit the Economy

Russia avoided mass unemployment and a sharp fall in GDP but has one of the world’s highest excess death tolls.

Could Russia Benefit From the Suez Canal Blockage?

The Kremlin wants to use the grounding of the Ever Given ship to promote its Northern Sea Route and counter European concerns over Nord Stream 2.

‘We Need Our Government’: Surging Food Prices Put Kremlin on Edge

Food prices are rising fast in Russia and the government has rolled out temporary price caps, but discontent is simmering.

Falling Profits, But Corporate Russia Stays in the Black

Businesses bruised by pandemic, while blue chips defy worst expectations.

Has Russia Beaten Boom and Bust?

Russia has won plaudits for its macroeconomic handling of the coronavirus. Can other countries learn from its success?

Russia Has One of the World’s Highest Excess Death Rates. Why Aren’t Russians Angrier?

Surging coronavirus fatalities have played little or no role in a recent wave of protest.

How Will the West Respond to Navalny’s Prison Sentence?

A swift and forceful uproar might not translate into harsher sanctions.

Navalny Supporters Abroad Urge West to Get Serious About Sanctions

Anti-Kremlin voices back campaigns for tough personal sanctions on oligarchs and Putin allies.

Russia Says It Has Vaccinated 1.5M. Some Experts Think the Numbers Don’t Add Up.

Official coronavirus statistics have been controversial since the start of the pandemic. Now, the Sputnik V rollout is under the spotlight.

Russia in 2021: Will the Economy Recover?

Russia’s economy is handling the coronavirus better than most. But austerity, bruised businesses and cautious consumers set the stage for a slow recovery...

Russia in 2021: A Corporate Reckoning?

The pandemic exposed deep divides in Russia’s corporate world. How will the recovery play out?

Russia Recorded Almost 50K Excess Deaths in October – Deadliest Month in Decade

The country’s excess death toll now stands above 160,000 — many times more than accounted for in official coronavirus fatalities.

‘Gross Violation’: In Open Letter, Russian Scientists Criticize Lack of Vaccine Data

Russia has launched mass Sputnik V vaccinations. But concerns over weak data and cut corners continue to mount.

Russia’s Mixed Censorship Model Is a Boon for Online Activism

New research shows the growth of mobile internet leads to falling trust in governments, with Navalny as the prime example.

Sberbank’s Big Plan to Become Russia’s Consumer Goliath Takes Shape

The state-owned lender will launch an online retail giant in 2021, as it aims to be the main player in almost every sphere of Russian life.

Arctic Oil Spill: Nornickel Failures, Tank Flaws Caused Catastrophe – Report

A report commissioned by Nornickel said the metals giant failed to investigate warning signs or grasp the consequences of a possible disaster.

Ozon Shares Jump 40% on U.S. IPO

Firm valued at more than $7 billion after landmark IPO for Russian business.

Is the WHO Too Soft on Russia?

Critics fear Russia is using the WHO’s structural weaknesses to validate its coronavirus approach.

Ozon Sets Price for Blockbuster $5Bln Share Sale in Quest to Be Russia’s Amazon

Online retail giant gears up for most hotly anticipated Russian stock market launch in years.

Curfew Darkens Outlook for Moscow’s Night Spots

Amid weak support, some nightclubs are switching to day-time opening hours to keep business going.

Russian PM Mishustin Tightens Grip on Domestic Policy in Mini Reshuffle

Putin’s divide-and-conquer approach is also on display.

Russia’s Excess Death Toll Passed 110K Before Second Wave

Excess deaths stand almost six times higher than government numbers of coronavirus fatalities.

Experts Fear Calvey Settlement Rewards Strong-Arm Tactics

A multimillion dollar corporate “peace deal” was struck 20 months after Baring Vostok founder Michael Calvey was arrested on dubious charges.

Is Russia’s Housing Market Facing a Coronavirus Bubble?

Mortgages have never been cheaper and lending is growing at an eye-watering pace. Is it sustainable?

Russia’s Economic Recovery Cooled Before Second Wave Struck

The impact is forecast to be weaker than the spring outbreak, but authorities have less options to support the economy this time.

Russia’s Business Regulations Are Worse Than The Pandemic, Say European Investors

Businesses cite a cocktail of the coronavirus, sanctions, ruble volatility and a worsening bureaucratic environment as major obstacles.

Russia Ignores Requests to Share Controversial Coronavirus Vaccine Data

Russia’s Gamaleya Institute has not responded to multiple requests regarding the results of clinical trials published in The Lancet.

Yandex vs. Sberbank: Battle of the Russian Tech and Finance Giants Begins

Two of the country’s highest-profile companies have unveiled plans to dominate a host of cutting-edge industries.

How Will a Second Wave Affect Russia’s Economy?

The damage won’t be as devastating, but the long-term impacts will linger.

Russia’s Sberbank Unveils Sweeping Transformation Into Tech Company

State-owned bank outlines host of Apple and Amazon-style services and drops “bank” from corporate branding.

Yandex Shares Hit Record High as Analysts Cheer $5.5Bln Tinkoff Deal

Investors pour into Yandex stock on deal that will make tech giant Russia’s leading fintech firm.

Russia’s Yandex Agrees $5.5Bln Deal For Tinkoff Bank

Two sides have reached agreement in principle on mega merger.

‘Harsh Times Ahead’: Russia’s Emergency Loan to Belarus Changes Little for Embattled Lukashenko

The $1.5 billion will largely go towards refinancing Russian, and is only a fraction of what Belarus needs to avoid a living standards crash.

Leading Scientists Question 'Highly Improbable' Russian Vaccine Results Published in Lancet

“It’s like if you throw a dice and you get exactly the same sequence of numbers several times.”

Explainer: What is Nord Stream 2 and Why Might Navalny’s Poisoning Stop Its Completion?

Everything you need to know about the mega Russian-German gas pipeline.

The West Is Outraged By Navalny’s Novichok Poisoning. That’s No Guarantee of Tough Sanctions

Looming U.S. elections and disparate EU interests could translate into a symbolic response.

‘Everyone Who Can Leave, Will Leave’: Violence, Raids and Internet Blackouts Scare Off Belarus’ Entrepreneurs

Young professionals have been at the forefront of protests in Belarus. Their future now hinges on whether Lukashenko stays or goes.

Coronavirus Pandemic Rebalances Russia’s Corporate Landscape

Earnings season shows tech companies setting record-high share prices, and closing the gap on Russia’s energy giants.

Six Months Into the Coronavirus Outbreak, Russia’s Statistics Still Provide More Questions Than Answers

Analysis of excess fatalities show regions may be underreporting deaths from Covid-19.

Russian Corporates Plot Employees’ Return to Office

A handful of Russian businesses are embracing the work-from-home revolution, others are rushing back to the office.

The Lowest Tax Rate in the World? Russia’s ‘IT Tax Maneuver’

Experts see the Kremlin’s tax cuts for software firms as its latest attempt to squeeze out foreign competition.

Idle Moscow Stores Reveal Emerging Economic Scars

Shop vacancy rates in the Russian capital are set to hit a record high, and experts expect a wave of bankruptcies in Russia’s services sector.

Putin’s WWII and Referendum Holidays Cost Russian Economy More Than $5Bln

The government added two extra public holidays to stage delayed Victory Day parade and assist constitutional vote.

Moscow’s Tour Guides Pray for Miracle as Summer Season Ebbs Away

With Russia’s borders still shut, the country faces a year of lost tourist spending.

Russia Will Raise Taxes on Top Earners, Putin Announces

Flat tax rate scrapped as rich Russians to help pay coronavirus bill.

Russia’s Coronavirus Recovery Plan Has No Space for Renewables

Without hydropower, just 0.16% of Russia’s electricity comes from renewable sources.

Russia Starts to Dig Its Way Out of a Coronavirus Economic Hole

The Kremlin will see the post-pandemic state of the economy as a vindication of its conservative doctrine, but there are underlying weaknesses.

Russia’s Shops Reopen Their Doors, But Customers Only Trickle In

Tills are starting to ring as Russia's lockdown eases, but business owners expect revenues to stay lower for longer.

Russia Wants to Spark a Domestic Tourism Boom. Will It Work?

The government is telling Russians to explore their homeland, and borders remain shut.

Foreign Firms Seek Level Playing Field in Russia’s Coronavirus Response

The Kremlin must not ignore foreign economic contributions, says new AEB chief Tadzio Schilling.

Profit Slumps Herald More Trouble Ahead for Russia’s Corporate Giants

Russian companies’ first quarter financial results are already showing the impact of the coronavirus. The worst is yet to come.

‘Our Equipment Is Dangerous’: Russian Doctors Expected Ventilators Tragedy

Russian-made ventilators sent to the U.S. last month have been blamed for hospital fires that killed six Russian coronavirus patients in recent days.

Private Healthcare Contributes Little to Russia’s Coronavirus Response

Non-state hospitals provide just 5% of Moscow’s free beds for Covid-19 patients.

Russia’s Economic Woes Continue to Mount During Coronavirus Outbreak

As the Kremlin resists pressure to spend, official statistics show economic activity down by a third and tax revenues crashing.

Amid Unprecedented Disruption, P&G Prepares for Life in Russia After Coronavirus

The consumer goods giant has been one of the few winners from the crisis, so far.

Four Weeks Into Russia's Economic Quarantine, Confusion Reigns

Anger and confusion are growing, as businesses and citizens still try to figure out what Russia's "non-working" period means.

Explainer: What Happened to Oil Prices and What Does it Mean for Russia?

Oil prices in the U.S. went negative for the first time in history. Should Russia be worried?

In Russia, Coronavirus Patients Fight Infection, Stigma and Harassment

Covid-19 patients report online bullying, threats and intimidation as fear and uncertainty follow the spread of the coronavirus across Russia.

OPEC+ Deal Will Help Russia Avoid ‘Market Chaos,’ But Provides Little Support to Embattled Economy

The production cut will support oil prices and avoid a further ruble crash while the wider economic damage from coronavirus continues to build.

Analysts Fear the Economic Impact of Russia’s April Coronavirus Shutdown Will Be Catastrophic

Growth is set to crash and unemployment to jump sharply, as Putin extends paid holiday until the end of April.

‘Children Will Die. It’s Terrifying’: Russia’s Charities Face Coronavirus Funding Crisis

Russia’s charities and NGOs face an acute funding crisis, as businesses and individuals cut back spending and lockdowns disrupt social care work.

How Much of a Hit Will Russia’s Economy Take From the Coronavirus? It’s Anybody’s Guess.

As the economic picture grows bleaker every day, economists and policymakers are struggling to come up with new ways to crunch the numbers.

‘The Government Doesn’t Believe in Small Businesses. The Feeling’s Mutual’: Russia’s Entrepreneurs Scramble For a Lifeline

Coronavirus has hit Russia’s smallest businesses hard. Putin’s support package could be too little, too late.

In First Address to Nation on the Coronavirus, Putin Holds Back From Stringent Measures

The Russian leader also delayed a vote on constitutional changes that could see him remain in power until 2036.

Exclusive: Rich Russians Are Hoarding Ventilators to Protect Themselves Against the Coronavirus

Meanwhile, doctors worry that Russia’s regions don’t have enough.

‘We Don’t Have Enough Intensive Care Beds’: Coronavirus Will Test Russia’s Creaking Healthcare System

Doctors are worried that the coronavirus pandemic will expose equipment shortages and old facilities.

Russia Braces For Higher Prices

The oil price war will lead to inflation and a dilemma for the Central Bank.

Market Volatility Exposes Investment Boom Fears

The explosion of interest in the stock market could revolutionize Russia’s economy, but it brings fresh risks, warn regulators.

Coronavirus Could Rock Russia’s ‘Stable and Isolated’ Economy

As markets tumble and a flagship business forum is canceled, experts are questioning the strength of Moscow’s finances.

‘Russian Spy Bank’ Prepares for Awkward Birthday Celebrations

The International Investment Bank is on a Europeanization drive that has Washington and Brussels worried about Russian espionage.

Alexander Galitsky: From Soviet Engineer to Libertarian Investor

The father of the Russian internet tells The Moscow Times he wants to kill all borders and warns that society is falling behind technology.

Russian M&A Heats Up as Sanctions Pressure Cools Off

Dealmaking jumps 21%, but remains well below pre-Crimea levels.

Russia and Saudi Arabia to Discuss Oil Cuts as Coronavirus Rocks Market

OPEC+ gets ready for an emergency meeting to respond to 15% drop in oil prices.

30 Years of Big Mac Prices Shine Light on Russia’s Economy

From the most expensive burger in the world to the cheapest: What do Big Mac prices tell us about the Russian economy?

How Mishustin Rose to the Top: Old Ties, Savvy and a Knack for Systems

Vladimir Putin shocked the world when he named a little-known tax chief his number two. We delve into the new Russian prime minister’s background.

New Russian Prime Minister Is No Stranger to Business Community

Investors say he will promote digitization, while critics claim he has taken credit for natural progression.

Russian Auto Market Stalls

Sales of new cars dip. Carmakers expect bumpy road ahead.

Climate Change Threatens Russia’s Economic Growth, Watchdog Warns

Audit Chamber warns Russia will not hit targets to increase life expectancy and boost economy unless country addresses climate change.

Russia in 2020: Where Are All the Foreign Banks?

Foreign banks in Russia generate huge profits, so why are there not more of them?

Russia in 2020: Business Is Booming but the Future Is Unclear

While Russian businesses are feeling confident and growing their revenues, a lack of ambition and risk-taking could limit potential.

Russia in 2020: Will the Economy Grow Faster?

The fundamentals are in place. But what will it take for the Russian economy to finally pick-up speed?

Russia Wins Oil Concessions at Key OPEC+ Meeting

Russia will not have to cut production significantly under terms of new Russia-Saudi deal.

6 Things You Need to Know About OPEC+

What does Russia want from this week's meeting in Vienna?

State-Run Bank Says Russia Unlikely to Meet Economic Targets ‘Without More Active Policies’

On current trends, Russia would fall short of most of the goals outlined in the president’s $400 billion National Projects program.

Yandex Proposes Sweeping Restructure to Allay Government Concerns

Yandex and the Russian government have reached a deal on a new governance structure for the tech giant.

Russian Banks More Stable and Transparent Than Ever, Central Bank Chief Says

Six years and $80 billion into a mammoth clean-up drive, Elvira Nabiullina hails the strength of Russia’s financial sector.

What’s Next for Russia’s Economy?

Analysts predict low growth, low inflation and a strong stock market in the final two months of the year.

How Big Is Russia’s Shadow Economy and Why Does It Matter?

The informal labor market is a window into the country’s wider economy.

Russia’s Tinkoff Banking on Rapid Expansion

Online bank is on a mission to woo new customers and grab a larger share of the retail sector.

Russia’s Yandex and Mail.Ru Report Strong Growth Despite Ownership Threats

Both companies confirmed they are pressuring the government to water down new caps on foreign ownership.

History Is Not on Putin’s Side, Says Former U.S. Ambassador

Michael McFaul believes the future of Russia is “normal, boring and democratic.”

Experts Raise Questions Over Strong Russian Official Economic Statistics

Analysts struggle to explain an unexpected jump in real incomes and GDP recorded by the official Russian statistics agency.

U.K. Firms Fight Russia’s Image Problem

At an annual investment forum in Moscow, British businesses promoted U.K.-Russia business relations amid the ongoing political standoff.

Russia Displays a Two-Track Economy

The Russian economy is both growing and declining, depending on whether you look at domestic or global statistics.

EY Russia Boss Prepares for New World Order

The outspoken head of the global auditing giant sees economic focus turning to the East.

Why Is Russia So Unproductive?

Analysts say a toxic cocktail of state capitalism, corruption and low investment curbs output.

Russia Could Gain From Saudi Oil Attack – Analysts

Russia, the world's second-largest oil exporter, is poised to emerge as a winner following drone attacks on Saudi Arabia's largest oil refinery.

Isolationism Is Shielding Russia From Potential Global Market Meltdown

Sanctions are acting as a buffer, but the country is sacrificing growth for stability.