Why does Russia have a yuan shortage? Members Public

Hello! Welcome to your weekly guide to the Russian economy — written by Denis Kasyanchuk and Alexander Kolyandr and brought to you by The Bell. This week, our top story is a deep-dive analysis of Russia’s yuan liquidity crisis. We also look at the escalating conflict over online retailer Wildberries

The Bell
Economy Weekly

Russian opposition figure killed fighting for Ukraine Members Public

Russian opposition activist Ildar Dadin was killed fighting for the Ukrainian army. Dadin achieved widespread notoriety after being convicted of unlawful behavior at rallies. After becoming disillusioned with non-violent protest, he joined the Ukrainian Army in 2023 to fight against Russia. * Dadin was the first Russian to be convicted under

The Bell
Politics

Mass layoff of Russian IT staff spooks emigrants Members Public

A round of mass layoffs at ABBYY, the IT company founded by David Yang, a businessman with Russian roots, was one of the big stories in the Russian business world last week. The firings affected only the offices in Cyprus, Serbia and Hungary. Russian citizens were featured heavily among those

The Bell
Business

‘Reputation whitewashing’ scandal rocks Russian opposition Members Public

Yet another scandal is tearing the Russian opposition apart. This time, the Anti-Corruption Foundation (FBK), set up by the late Alexei Navalny, is under fire. Maxim Katz, a former municipal deputy turned popular YouTuber, released an investigation that accuses the foundation of close ties with fugitive Russian bankers and alleged

The Bell
Politics

THE BELL WEEKLY: Navalny aides accused of legitimizing fraudsters Members Public

Hello! This week we look at another scandal that has thrown yet more divisions into Russia’s fraught opposition. We also look at a round of tech layoffs that has spooked Russians working abroad and a Russian opposition figure killed while fighting for Ukraine. ‘Reputation whitewashing’ scandal rocks Russian opposition

The Bell
Newsletters

Inside Russia’s budget: Taxes, borrowing, reserves Members Public

Hello! Welcome to your weekly guide to the Russian economy — written by Alexandra Prokopenko and Alexander Kolyandr and brought to you by The Bell. This week we look inside Russia’s record high government budget, detailing the plans for taxes and spending, assessing the solidity of Moscow’s reserves and

The Bell
Economy Weekly

Putin edges up the nuclear escalation ladder Members Public

While Volodymyr Zelensky was busy meeting Ukraine’s Western allies in the United States to push for fresh military aid, from halfway round the world in Moscow, Vladimir Putin was doing everything he could to make himself the elephant in the room. On the eve of Zelensky’s meeting with

The Bell
Politics

Secret spending hits record level Members Public

The Russian government on Monday sent its 2025-2027 budget to the State Duma, outlining plans that will see defense spending hit a post-Soviet record at 6.3% of GDP. We wrote about the plans for another ramp-up in Russia’s military spending in Friday’s newsletter. The publication of the

The Bell
Economy

The Bell's Newsletter

An inside look at the Russian economy and politics. Exclusively in your inbox every week.