Soaring ruble set to come back down to earth Members Public

To the surprise of many, the first four months of 2025 have turned out to be one of the best periods for the Russian currency in recent years. The ruble, which ended 2024 with its worst performance since 2022, has suddenly started to strengthen, boosted by a host of factors.

Peter Mironenko Peter Mironenko
Economy

THE BELL WEEKLY: Russian Ruble surges under Trump Members Public

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Denis Kasyanchuk Denis Kasyanchuk Irina Malkova Irina Malkova
Russia, Explained

Russia’s economy is cooling down Members Public

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Alexandra Prokopenko Alexandra Prokopenko Alexander Kolyandr Alexander Kolyandr
Inside the Russian Economy

Kirill Dmitriev: Economic envoy, or political peace-maker? Members Public

Hello! This week we bring you a detailed look at Kirill Dmitriev — the Kremlin’s special envoy on economic talks with the United States who has been Moscow’s most high-profile negotiator with Donald Trump’s White House over restoring ties and ending the war in Ukraine. Before we begin,

Irina Malkova Irina Malkova
Russia, Explained

Could a global trade war destabilize Russia’s finances? 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 at what the effect of a prolonged trade war and lower oil prices would be on the Russian economy. We also examine

The Bell The Bell
Inside the Russian Economy

Russian pro-war bloggers blame Ukrainian civilians after deadly missile strike Members Public

A Russian strike on the Ukrainian city of Kryvyi Rih on Friday killed 20 people, among them nine children. Images of the aftermath of the strike and details of the devastation triggered anger around the world, more than three years after Moscow's invasion. In Russia, pro-war military bloggers

The Bell The Bell
Politics

More trouble for Putin’s former aide Chubais Members Public

Russian law enforcement agencies have stepped up their targeting of Rusnano, a state company that invested in promising tech projects. For the first time, Anatoly Chubais, one of the architects of Moscow’s 1990s economic reforms and long-time Rusnano chief, is himself coming under direct threat. Until recently, Chubais – who

Irina Malkova Irina Malkova
Business

Propagandists revel in US tariffs, ignoring peril to Russian economy Members Public

Russian officials and propagandists rushed to portray the United States’ new tariffs as a blow against Europe – completely ignoring the potential consequences it could have on Russia’s domestic economy. The main message on state media has been that the tariffs have divided the EU, while U.S. President Donald

The Bell The Bell
Economy

THE BELL WEEKLY: Russia cheers Trump’s tariffs Members Public

Hello! Our top story is how Russian propagandists are rejoicing over Donald Trump’s tariffs, but ignoring how they could backfire on Moscow. We also cover new trouble for Anatoly Chubais and how pro-war bloggers are blaming Ukrainian civilians after a deadly Russian missile strike on Kryvyi Rih. Propagandists revel

The Bell The Bell
Russia, Explained

Trump’s tariffs mean long-term pain for Moscow Members Public

Hello! Welcome to your weekly guide to the Russian economy — written by Alexander Kolyandr and Alexandra Prokopenko and brought to you by The Bell. This week we look at how Trump’s tariffs will affect Russia (even though Russia didn’t appear on the tariff list), and the consequences of

Peter Mironenko Peter Mironenko
Inside the Russian Economy
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The Bell was founded in 2017 by journalists Elizaveta Osetinskaya, Irina Malkova and Peter Mironenko as a news outlet independent from the Russian authorities, after its founders have been sacked as top editors at the largest Russian news website RBC because of pressure from the Kremlin.

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