Russian Economy

The West's sanctions against Russia triggered a "dramatic" inflation problem.  That's according to economist Jeff Rubin, who says the US is feeling the blowback of its economic war on Russia.    Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app The US miscalculated when…

Russia's immigration crackdown could end up delivering another serious blow to its economy, with the nation already suffering from a severe shortage of workers.The Kremlin has signaled it will tighten restrictions on migrants coming into Russia, after a terrorist attack at a Moscow concert killed over 140 people and injured more than 100. Russian authorities…

Western sanctions against Russia haven't significantly hindered its wartime economy.  Analysts say the "porous" nature of sanctions has allowed Russia to sidestep restrictions.  Sources say additional sanctions could pick better targets to put the squeeze on Russia.  Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download…

Russia's ruble hit a fresh 18-month low against the dollar on Monday. The move comes as investors seek the safety of the US dollar amid fresh conflict in the Middle East.  The ruble has been on the decline for most of 2023, with the currency down 38% since January. Loading Something is loading. Thanks for…

Russia's economy is crumbling - but the West needs to put more pressure on Moscow, researchers say. That's because Russia is getting better at evading Western sanctions, like selling its oil above the $60 price cap. There are five things the West could do to up the ante on Moscow's economy, according to one think…

Russia's currency and inflation woes are well captured by something economists don't usually focus on: sushi. Local prices of the Japanese delicacy are surging due to the ruble's plunge and Russia's rift with the West, a report said. The Russian currency hit a 16-month low last week, as the country's current account reels from the…

Russian imports of Chinese cars rocketed 543% in the first half, local media reported.  Russia now gets 70% of its imported cars from China, compared with just 10% prior to the Ukraine war. That highlights Russia's growing economic dependency on China – thanks to Moscow's deepening from the West. Loading Something is loading. Thanks for…

Putin plans to seize and sell the assets of Western firms in Russia, the FT reported.  Many companies have left Russia over the war in Ukraine.  Plans to nationalize some entities are also under discussion, the report said.  Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while…

Russia's isolation from the global economy caused poor turnout at Putin's economic forum in St. Petersburg. The event previously drew big names from the West, but was mostly populated by lower-level politicians this time. Experts have sounded the alarm on Russia's economy amid Ukraine war sanctions. Loading Something is loading. Thanks for signing up! Access…

The Russian economy could suffer as fighting spreads beyond Ukrainian borders. Russian territory like Belgorod has seen shelling recently, forcing many residents to flee. Bloomberg Economics said full-scale fighting in border regions may lower the economy's growth to 0.8% in 2023. Loading Something is loading. Thanks for signing up! Access your favorite topics in a…