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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.

Russian Firms Seek North Korean Translators to Support Influx of Workers

Job postings for Korean interpreters — some offering salaries as high as $4,000 per month — have appeared on Russian job sites and Telegram channels...
2 Min read

Russian Car Market Expected to Contract by 24% This Year

The new projection reflects a sharp decline in consumer demand and the broader impact of a slumping economy. 
1 Min read

Russian Tycoons Earn Record $20 Billion in Dividends Amid Recession Worries

At least 11 individuals received over 50 billion rubles ($650 million) each in dividends last year.
2 Min read

Russian-Made Jet Prices Soar as Moscow Struggles to Ditch Boeing and Airbus

Domestically produced planes have jumped by 45 to 70% over the past two years, driven by higher production costs and Russia’s ongoing dependence on imported...
2 Min read

Britain Links Azerbaijani Traders With Rosneft Ties to Russia’s Shadow Fleet

The men allegedly used their ties to Rosneft CEO Igor Sechin to trade more Russian crude in 2024 than any other entity. 
2 Min read

Russia Moves to Nationalize Country’s Third-Largest Gold Mining Firm

Prosecutors allege that billionaire Konstantin Strukov used his government position to illegally acquire control of Yuzhuralzoloto.
2 Min read

Emergency Contraceptives Disappear from Russian Pharmacies – Vyorstka

New Health Ministry regulations have sharply curtailed public access to a range of contraceptive medications.
2 Min read

Putin Signs Decree Seeking to Lure Foreign Investors Into Russian Stock Market

The decree creates a new type of investment account with better guarantees for foreign investors.
1 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

Russia’s Natural Gas Exports to Europe Plunge to Historic Lows

With limited buyers and few alternatives, Gazprom faces mounting losses as a glut of unsold gas weighs on the Russian economy.
3 Min read

Security Forces Raid Russia's Third-Largest Gold Producer Over Environmental, Safety Violations

FSB agents also reportedly searched the office of Konstantin Strukov, the company’s billionaire owner and president.
2 Min read

Foreign Automakers Scale Back New Model Launches in Russia

Only about 20 new foreign models were launched in the first half of the year compared to more than 100 during the same period in 2024.
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Russia Eyes Industrial Levy to Shield Domestic Producers and Plug Budget Gaps

The proposal comes amid the sharpest contraction in manufacturing activity since 2022, as well as mounting fiscal pressure on the state. 
2 Min read

Russia’s VTB Reports Increase in Overdue Retail Loans

The proportion of non-performing loans (NPLs), those overdue by more than 90 days, in the bank’s portfolio climbed to 4% in May.
3 Min read

Kremlin Launches Online Bot Campaign to Defend Steep Utility Rate Increases

These comments typically framed the rate hikes as routine, justified or even beneficial, often asserting that citizens' wages are also increasing.
2 Min read

Russian Manufacturing Activity Sees Sharpest Decline Since Early Months of Ukraine Invasion

Three of the past four months have now been marked by slowed business activity.
3 Min read

Russia’s Top Ferroalloy Producer to Cut Workweek Amid Metallurgy Crisis

The Chelyabinsk Electrometallurgical Plant said it has been forced to launch an “anti-crisis program.”
2 Min read

Major Kuzbass Coal Mine Halts Operations, Leaving Hundreds Without Pay

The suspension highlights growing instability in Russia’s coal heartland.
2 Min read
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