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Articles with tag "Economy"

Russian Inflation Hit 2-Year High in February

Surging military spending has continued to drive up prices despite aggressive interest rate hikes by the Central Bank.

Russia’s Budget Deficit Grows to 1.3% of GDP in January-February

The Finance Ministry attributed a sharp rise in spending to early contract payments, which accelerated in January before slowing down last month.
1 Min read

Is an Economic Deal With Russia Good Business for Trump?

Russia is touting several areas of cooperation in a bid to soften the U.S. stance ahead of possible Ukraine peace talks. But what is the bottom line?
5 Min read

Will Russia Come Out a Winner in Trump’s Trade Wars?

U.S. President Donald Trump has imposed sweeping tariffs on major trading partners Canada, Mexico and China, rattling global markets. 
5 Min read

Russia’s Manufacturing PMI Falls Back to 50.2 in February

The result marked the slowest expansion in five months, says S&P Global.
2 Min read

Russian Wage Growth Hits 16-Year High in December 2024

The average monthly salary in December increased by 21.9% year-on-year, the highest growth since November 2008.
1 Min read

Ruble Stabilizes But Long-Term Strength Depends on Sanctions Relief

Even if geopolitical tensions ease, a persistent capital outflow or continued domestic demand for foreign assets would limit ruble strengthening.
3 Min read

Russia Needs Rules for Returning Western Companies, Putin Says

Putin welcomed Western firms wanting to return to Russia, but called for regulators to create a framework that would advantage Russian companies.
2 Min read

Ruble Hits 6-Month High Amid U.S.-Russia Rapprochement

Russia’s Central Bank set the official exchange rate for Thursday at 88.5 rubles against the U.S. dollar, its highest level since August.
1 Min read

Inflation in Russia Has Likely Peaked and Rate Cuts May Start in June – Analysts

Rencap expects rate cuts to commence in June, bringing the rate down to 16% by year-end.
6 Min read

Can Putin Afford to Walk Away from Ukraine Peace Talks?

Russia has posted its largest budget deficit in three years and depleted its rainy day fund by 57% since the start of the war.
5 Min read

Russia’s Central Bank Holds Key Rate at 21%, Says Inflation Pressures ‘Remain High’

It was the second time in a row that policymakers held the key rate after raising it to the current all-time high in October.
2 Min read

Ruble on Track for Best Week Since October

Analysts attributed the ruble’s gains to increased dollar sales by Russian exporters and seasonal factors, including lower demand from importers.
1 Min read

Russian Oil and Gas Budget Revenues Up 17% Year-on-Year

The increase comes despite the Biden administration tightening sanctions on Russia’s oil and gas sector last month.
3 Min read

Russia's Financial Flows Surge in January, Indicating Robust Economic Growth – Central Bank

All major industry groups witnessed growth, with the most substantial uptick coming in sectors driven by investment demand.
3 Min read

Russian FDI Falls to 15-Year Low as Russia Faces 'Wrong Kind of Growth'

Much of the fall is related to the exit or winding down of operations of Western firms, especially in automotive and retail.
5 Min read

Inflation Remains ‘Challenge’ for Russian Economy, Putin Admits

“We need to do everything necessary to ensure balanced growth,” the Kremlin leader said during a meeting with Prime Minister Mikhail Mishustin.
2 Min read

Bank Deposits Are Back as Russians’ Favorite Investment in 2024

Depositing money in high-yielding bank accounts is back as Russians’ favorite store of wealth to protect their life savings against the ravages of high...
6 Min read

No Signs of Inflation Slowdown Yet, Russian Central Bank Says

The Central Bank's key rate has stood at a record-high 21% since October 2024.
2 Min read

Russia Faces Surge in Corporate Bankruptcy, Experts Warn

The Central Bank's key rate of 21% is driving up business debt burdens.
2 Min read
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