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Articles with tag "Economy"

Nabiullina vs. Stagflation: Can Putin's Top Technocrat Save the Russian Economy Once Again? 

The Central Bank head, seen as Putin's most capable technocrat, is facing scrutiny from businesses and Kremlin allies amid stubborn inflation.
opinion Jason Corcoran

Russia’s Economy Is Spoiling as Putin Struggles to Balance Guns and Butter

With skyrocketing prices for basic goods and record high inflation, Russia is feeling the strain of its over-cooked war economy.
6 Min read

Russia Faces a Wave of Bankruptcies as Borrowing Costs Skyrocket

Corporate bankruptcies in Russia have jumped by 20% this year as soaring interest rates and liquidity shortages push firms closer to financial ruin.
5 Min read

No ‘Trump Rally’ for Russian Stocks, Tycoons

The Russian benchmark stock index gained following Trump’s victory, but it remains lower than it was this summer or before the Kremlin’s full-scale...
3 Min read

Putin’s Guns-And-Butter Economics Take a Blow as Russia Turns to Turkish Dairy Farmers

The price of a block of butter has risen by 26% since December, pushing officials to seek new suppliers abroad.
2 Min read

3 Ways Trump's Victory Will Impact the Russian Economy

At least from an economic point of view, there are no good omens for a second Trump administration.  
4 Min read

Russia’s Central Bank Signals ‘Very Likely’ December Rate Hike

“While a rate hike at the next meeting is not predetermined, its probability is very high,” the regulator said in a new summary of last month’s policy...
2 Min read

Butter Prices Spike in Russia. Dairy Producers Blame Ice Cream

The surging prices have led to increased thefts in some supermarkets and prompted Moscow to boost imports of the staple good.
2 Min read

Russia’s Central Bank Chief Vows ‘Tough’ Response in Fight Against Inflation

“We’re not planning to take any shortcuts as we move toward our 4% target,” Russian Central Bank Governor Elvira Nabiullina told lawmakers.
2 Min read

Russia’s Central Bank Raises Key Rate to Historic 21%, Signals Aggressive Fight to Curb Inflation

Inflation continues to weigh on Russia’s economy amid surging military spending for the war in Ukraine.
2 Min read

Is Russia’s Wartime Wage Boom Coming to an End?

Some say the period of rising wages, ushered in by rising demand for labor amid the war effort, is a new reality for the economy. For others, it is a bubble...
4 Min read

IMF Raises Russia’s Growth Forecast for 2024

The IMF now expects the Russian economy to expand by 3.6% this year, up from a previous forecast of 3.2%.
1 Min read
News Analysis

Russia to Host Landmark BRICS Summit in Ongoing Bid to Reshape World Order

At the three-day summit in Kazan, Moscow will be pulling out all the stops to project the alliance as a geopolitical counterweight to the West. 
4 Min read

Russia’s Real Estate Market Rocked by the End of Generous Mortgage Subsidies

Russia is now facing a housing affordability crisis which will compound the coming economic slowdown in 2025.
6 Min read

Putin Touts BRICS Economic Growth at Business Forum

“The member countries of our association are in fact the drivers of global economic growth,” the Kremlin leader said.
2 Min read

Russia’s Inflation Down Only Marginally in September, Beginning of October

The market expects the key interest rate to rise to at least 20%, especially after the government drafted a 2025-2027 federal budget seen as pro-inflationary...
2 Min read

Russian Officials ‘Resigned’ to Letting Ruble Fall Past 100 vs Dollar – Bloomberg

Some officials expect the low exchange rate will benefit Russia’s state budget amid government plans to increase defense spending.
2 Min read

Productivity at Russia’s Largest Enterprises Rising in Effort To Keep Economy Competitive

Production at the largest Russian enterprises grew rapidly in 2012-2023 despite the pandemic, sanctions and weak impact of production growth on wages.
10 Min read

Analysts Raise Inflation Forecasts Due to Russian Budget

One of the strongest pro-inflationary factors is a 12% rise in housing and utility tariffs, which could add 0.5 percentage points to inflation in 2025...
2 Min read

Russia’s 2025 Budget Seen as Pro-Inflationary – Analysts

The 2025 budget boosts military spending by 25%, with the Russian Central Bank warning of fiscal risks to inflation.
1 Min read
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