L'économie
Russia’s Central Bank assesses the impact of sanctions on the economy Paid Members Public
The Central Bank issued a new macroeconomic forecast, for the first time taking full account of the consequences of the war in Ukraine. The regulator sees no risk of catastrophe in the coming two years, but at the same time doesn’t see reason for optimism. * The Central Bank’s
Kremlin hopes for Erdogan victory as Turkey goes to the polls Paid Members Public
Hello! This is Alexandra Prokopenko with your weekly guide to the Russian economy — brought to you by The Bell. This week we focus on the Turkish elections and what the outcome could mean for Turkish-Russian relations. We also look at how the Central Bank sees vulnerabilities of the financial sector.
What's driving rising Russian crude prices? Paid Members Public
Hello! This is Alexandra Prokopenko with your weekly guide to the Russian economy — brought to you by The Bell. This week we look at why rising prices for Russian oil are a tactical victory for Russia in its economic war with the West — and at attacks on the Kremlin and
State nuclear agency turns to China to build Russian electric vehicles Paid Members Public
Despite being cut off from Western technology, the Kremlin has not given up on creating a Russian electric car. Newspaper Kommersant last week uncovered some of the details. The key to Russia’s project now, according to Kommersant, is Rosatom, the state nuclear agency, which is using Chinese technology to
Kremlin opts to seize foreign assets as ‘sanctions war’ hots up Paid Members Public
Hello! This is Alexandra Prokopenko with your weekly guide to the Russian economy — brought to you by The Bell. This week we look at the Kremlin’s decision to nationalize the assets of several companies owned by foreign states (in a way that benefits Putin’s ally Igor Sechin) and
The Ukraine war means Russia needs a digital ruble more than ever Paid Members Public
Hello! This is Alexandra Prokopenko with your weekly guide to the Russian economy — brought to you by The Bell. Our top story is Russia’s digital ruble and why it could be of significant use to the Kremlin while it wages its brutal war in Ukraine. We also look at
How does Russia’s drift toward totalitarianism affect the economy? Paid Members Public
Hello! This is Alexandra Prokopenko with your weekly guide to the Russian economy — brought to you by The Bell. Our top story is the amendments to a military service law that entails a radical restriction on freedoms inside the country. We also look at why inflation is not falling as
The ruble suffers its worst week of 2023 Paid Members Public
Just under a year ago, the Russian ruble was named the best performing currency in the world. As a result of currency controls introduced by the Russian authorities and a sharp drop in import volumes, it rose in value after the invasion of Ukraine to levels not seen since 2014.
Real incomes keep on falling Paid Members Public
Hello! This is Alexandra Prokopenko with your weekly guide to the Russian economy — brought to you by The Bell. Today, I am joined by The Bell economy reporter Denis Kasyanchuk and we’ll look at what’s happening to incomes and living standards in Russia. What risks does the current
Russia continues to toy with Stalinist practice of putting convicts to work Paid Members Public
The Federal Prison Service (FSIN) is revisiting a 2017 idea to send prisoners to work for defense conglomerate Rostec, which manages most of Russia’s military factories. Convicts are unlikely to be used in the assembling of missiles and aircraft, but could be given other, less skilled roles, sources told
