Russian vehicles seized in Germany PRO Members Public
A new challenge has arisen for Russians in Europe. Germany, a favored destination for Russians fleeing their home country, has started to arrest the vehicles of Russian immigrants. Although this measure is unlikely to have any direct impact those evading sanctions, it creates new hurdles for those who have the
Russian ruble plummets amid Prigozhin rebellion PRO Members Public
The Russian ruble has nose-dived in response to Yevgeny Prigozhin’s rebellion, accelerating its gradual depreciation since the end of last year. In the two weeks since June 24, the ruble fell 12% against the dollar and surpassed the symbolic 100 ruble per euro mark. The current exchange rates hark
THE BELL WEEKLY: Russian ruble woes PRO Members Public
Hello! This week, our main story is about the ruble's downturn amid Prigozhin’s mutiny. We also look at a new challenge for Russians in Germany, and we talk with demographer about whether Russia is dying out. Russian ruble plummets amid Prigozhin rebellion The Russian ruble has nose-dived
The collapsing ruble is a headache for the Kremlin PRO Members Public
Hello! This is your weekly guide to the Russian economy — prepared and brought to you by The Bell. In this newsletter we focus on why the Russian currency is on a rollercoaster and what political consequences it may have. We also look at how the government might be able to
“Prigozhin’s political ambitions were obvious – and he had to be eliminated.” Political scientist Grigory Golosov talks about Wagner’s mutiny and its consequences PRO Members Public
Prigozhin’s mutiny has left many unanswered questions, leading The Bell to consult Russian political scientist Grigory Golosov for insight into its political implications. * Contrary to what many Western commentators say, Golosov argues that Wagner’s mutiny is not a "crushing blow" for Putin. Instead, Golosov suggests that
Bacardi breaks its promise to end trade with Russia, sees profits triple PRO Members Public
Following Russia's invasion of Ukraine in 2022, alcohol manufacturer Bacardi International announced that it would stop exporting its alcoholic beverages to Russia and freeze investment and promotion programs. However, over the past year, Bacardi's Russian subsidiary has experienced a threefold increase in profits. * In March of
Prigozhin abandons media empire following failed mutiny PRO Members Public
Wagner Group founder Yevgeny Prigozhin faces disgrace after his failed mutiny on June 23-24. As a result, he is rushing to dispose of his assets, including the Patriot media group — which encompasses the Internet Research Agency, widely known as a "troll factory.” Hunt for trolls Prigozhin owns multiple news
THE BELL WEEKLY: Prigozhin’s Patriot Media Group closes up shop PRO Members Public
Hello! This week, our main story is about the end of Yevgeny Prigozhin’s media empire. We also look into Bacardi’s ongoing business presence in Russia despite the company’s promise to halt all exports to Russia and freeze investments and advertising. Finally, we talk with political scientist Grigory
Budget planning and Russia’s spending reduction pipe-dream PRO Members Public
Hello! This is Alexandra Prokopenko with your weekly guide to the Russian economy — brought to you by The Bell. In this newsletter we focus on whether — as some officials are advocating — Russia could actually reduce spending in its next budget despite the war in Ukraine. We also look at how
Bacardi reneges on promise to quit Russia, sees profits triple PRO Members Public
After Russia’s 2022 invasion of Ukraine, alcohol manufacturer Bacardi International announced that it would cease exporting its alcoholic drink range to Russia and would freeze investment and promotion programs. However, the pledge to halt supplies disappeared from the press release soon after and, over the past year, the profits