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Georgy Matyukhin, Russia’s First Central Bank Chief, Dies at 91

Matyukhin headed the Central Bank during the turbulent period of economic and political transition after the collapse of the Soviet Union.

Russian Government Seizes Control of Industrial Fan Producer Ventprom

Ventprom supplies ventilation systems to underground metro networks across Russia, as well as to companies like Lukoil and Rusal.
2 Min read

Russia Can Manage Its Growing Deficit, Putin Says

The federal budget deficit grew by 40% in the first half of this year to reach 2.8% of gross domestic product.
1 Min read

Why the Middle East Oil Shock Failed to Save Russia’s Budget

Six months into the U.S.-Iran war, Russia’s oil windfall looks surprisingly meager despite initial predictions of a revenue boom.
3 Min read

TotalEnergies Exits Arctic LNG 2 Project

The French energy company transferred its 10% stake in the project to a subsidiary of Novatek.
2 Min read

Russians Are Rushing for Cash. Should the Kremlin Be Worried?

Households and businesses have added $25.3 billion to their cash holdings so far this year, marking the largest increase since the start of the war.
4 Min read

NKHP Grain Export Terminal Says Repairs After Ukrainian Attack May Take 4 Months

NKHP is one of three grain terminals at Russia's main Black Sea export port of Novorossiysk.
1 Min read
Feature

Russia Is Betting on the MC-21 to Reverse Its Aviation Decline. It’s No Silver Bullet.

The MC-21’s troubled development reflects the mounting pressure on Russian civil aviation.
6 Min read

Russian Government Proposes Tax Relief for Wildberries and Sellers After Drone Attacks

Finance Minister Anton Siluanov said the proposed measures include a deferral of taxes and insurance payments, as well as a freeze on tax audits.
2 Min read

VK Sues Apple in Moscow Court Over App Store Removals

The Russian tech company is seeking daily compensation of $700,000 until Apple reinstates its apps.
1 Min read

Putin Orders Government to Shore Up Russia’s Debt-Laden Regions

The order comes as the federal government struggles to fill its own budget shortfall, which has reached 6.5 trillion rubles ($77.4 billion).
3 Min read

Bad Loans Surge at Rosneft-Linked Moscow Credit Bank

Overdue loans accounted for 14.8% of the bank’s total loan portfolio, five times the Russian banking sector average.
3 Min read

Putin Orders Government to Help Rebuild Warehouses Destroyed in Ukrainian Attacks

The Russian president claimed that the damage caused by ongoing attacks on industrial and commercial sites has not been critical.
1 Min read

Moscow Gas Stations Reimpose Fuel Limits as ‘Second Wave’ of Shortages Hits Russia

Both Gazprom Neft and Tatneft are limiting the amount of fuel that customers in Moscow and the surrounding region can purchase.
2 Min read

Greek-Owned Grain Ship Catches Fire After Drone Attack Near Novorossiysk

The attack was the second involving a Greek-owned vessel near Novorossiysk within 24 hours.
2 Min read

Russian Authorities Review Foreign Company Exit Deals – Kommersant

Prosecutors have demanded 414.53 million rubles ($4.9 million) from GS Investments, a company linked to the family of businessman Andrei Komarov.
2 Min read

Ukrainian Strikes Halt Most Russian Grain Exports in the Black Sea

Experts cautioned that the disruption would not necessarily be permanent and some terminals were likely to resume operations.
3 Min read

VEB Chief Economist Fired After Warning Russia Cannot Win ‘War of Attrition’ – The Bell

Andrei Klepach, who served as VEB.RF’s chief economist for 12 years, was reportedly fired after the bank’s leadership received a phone call “from...
2 Min read
opinion Nick Trickett

How Russia’s Obsession With Economic Stability Made It Weaker

For decades, Western observers thought Russia's economy was going from strength to strength. But it was creating its own weaknesses.
12 Min read
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