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Articles with tag "Economy"

Putin Says Inflation ‘Worrying’ But Russian Economy Remains ‘Stable’

“With the economy as a whole, the situation in Russia is stable, despite external threats,” he said at his annual press conference.
opinion Jason Corcoran

Russia’s New Year Holiday Turns Into a Countdown to Economic Crisis

Russians are scrambling to secure ingredients for classic holiday dishes as basic foodstuffs undergo double-digit price increases.
5 Min read

Russian Inflation Ticks Up Amid Ruble Woes

Prices rose 8.9% on an annual basis last month, up from 8.5% in October and more than double the state's 4% target.
2 Min read

Russian Economy Shows Signs of Slowdown, Top Banker Warns

Sberbank CEO German Gref cautioned the Central Bank against "overshooting" its rates policy, making it "harder to return to the rails of economic growth...
2 Min read

Russians’ Cash Savings Reach All-Time Low – VTB

Gorshkov also said that high interest rates would result in Russians transferring around 350 billion rubles of their cash savings into banks this year...
2 Min read

Russia’s Central Bank Governor Says Likely Rate Hike ’Not Predetermined’

The statement comes amid rumors that the bank could raise the key rate to 22-23% at its Dec. 20 meeting.
1 Min read
opinion Madi Kapparov

Kazakhstan Must Break Free From its Economic Alliance With Russia

The Eurasian Economic Union means Kazakhstan suffers from the sanctions on Russia and even inadvertently funds the war. It's time to leave.
5 Min read

Russia’s Sberbank Expects 22-23% Key Rate Hike

Central Bank Governor Elvira Nabiullina has warned of “more drastic changes” in monetary policy amid stubborn inflation.
1 Min read

How Far Can Russia’s Ruble Fall Amid Its Latest Tumble?

Moscow will likely be able to halt the freefall triggered by mounting sanctions pressure, but its value will continue to gradually decline in 2025.
5 Min read

Putin's Warrior Middle Class: How Sustainable Is Russia's Cash-for-Recruitment Tactic?

Russia's war economy has created opportunities for volunteer soldiers to prosper. Whether they can form a new "middle class" remains to be seen.
5 Min read

Russian Central Bank Halts Currency Buying Until 2025 as Ruble Slides

The suspension comes as the ruble traded as low as 113 to the dollar for the first time since March 2022.
1 Min read

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.
6 Min read
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
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