Rising inflation becoming political hot potato Paid Members Public
Hello! Welcome to your weekly guide to the Russian economy — brought to you by The Bell. Our top story this time is the growing political problem of inflation, how the government is seeking to dampen price rises, and what effect this will have on the economy. We also look at
Back to the pandemic — Russian stats body delays bad news publications Paid Members Public
Rosstat, Russia’s statistics agency, appears to be reverting to its pandemic-era practice of delaying the publication of statistical reports. Last week, Rosstat withheld the release of its latest socio-economic report which included information on soaring inflation levels across the country, until well into the evening. * Last week, Rosstat delayed
The latest travails of the Alfa Group owners: Detained in France, forgiven in Russia Paid Members Public
The co-owners of Alfa Group, one of Russia’s largest business groups, have been held in disgrace in the West since the invasion of Ukraine — a point of view cemented by them being added to, and not removed from, various sanctions lists. Last year, British police searched properties belonging to
Islamic fundamentalism and the antisemitic airport riot in Dagestan Paid Members Public
The recent riot at Makhachkala airport, which involved 1,500 people chanting antisemitic slogans and waving Palestinian flags, continues to be a major topic in Russian-language media eight days on. The Bell has looked into how anonymous Telegram channels orchestrated the events that led to a mob storming the airport
THE BELL WEEKLY: Islamist links to antisemitic airport riot? Paid Members Public
Hello! This week The Bell looks at the possible links between the riot at Dagestan’s airport and a radical Islamist movement. We also highlight the latest twists in the saga of the sanctioned Alfa Group founders, and how Russia’s stats body is returning to its favourite pandemic-era habit:
Russia’s delicate balancing act on inflation Paid Members Public
Hello! Welcome to your weekly guide to the Russian economy — brought to you by The Bell. Our top story this time is a look at why state-owned companies have requested subsidized loans, and why this poses a major inflationary risk. We also look at U.S. sanctions targeting conglomerate Sistema
Central Bank tips economy towards recession to stem inflation Paid Members Public
The central bank has reacted aggressively to surging inflation, the falling ruble and the imminent increase in government spending. It hiked the base rate on Friday by two full percentage points, from 13% to 15%, and signalled there was little likelihood of rates coming back down again before spring or
Putin blames the West after anti-Israel riot shocks Moscow Paid Members Public
In Russia’s North Caucasus, the weekend brought a series of antisemitic protests, culminating in a mass riot in Makhachkala, the capital of the predominantly Muslim republic of Dagestan. Angry crowds of protestors stormed the city’s airport, breaking through to the runway in a bid to get to passengers
