Why is Russia legalizing online casinos? PRO Members Public
Hello! This week we look at why Moscow is planning to legalize online gambling. Hint: there’s money to be made — both for the national budget and friends of the Kremlin. Winner-winner: Finance ministry and Putin’s cronies stand to gain from legalization of online casinos With Russia facing a
Waging war with the poor PRO 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 reveal our research into how regional poverty levels correlate with death rates in the Russian army, and explore what the slowing economy could
Starting the year in the red PRO Members Public
Russia kicks off the year with a significant budget deficit, Deputy Finance Minister Vladimir Kolychev has warned. Weak oil-and-gas revenues as well as start-of-year advance payments are putting pressure on Moscow’s coffers from the off. But this year’s problems seem more intense than usual. * Oil remains cheap and
Russia revels in Ukraine energy crisis it caused PRO Members Public
Hello! This week we analyze how Russian propaganda channels and pro-war bloggers are celebrating the fact that massive Russian strikes on Ukraine’s energy grid have left millions without heating, power and water in sub-zero temperatures — and why it reveals, yet again, that Moscow’s invasion is not going to
Six lessons for Russia from the Iran protests PRO 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 explain what the Kremlin learned from the Iranian protests and how Moscow could strive to avoid a similar uprising. We also review the
No insulation from nationalization PRO Members Public
Vladimir Putin has signed a decree seizing another asset from another foreign owner. The latest victim of the Russian authorities was Denmark’s Rockwool, which owns four enterprises producing heat and sound insulation materials. The Bell discovered the assets were handed to the management of a division of state defense
Russia’s wartime parliamentary elections PRO Members Public
Hello! This week we dig into the Kremlin’s campaign to get ex-soldiers elected to parliament later this year — a move that isn’t exactly popular across society. How Russia will exploit the war during this year’s parliamentary elections The Kremlin has officially launched the campaign for the 2026
Russia’s hidden economic weak points: What to watch in 2026 PRO 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 run through ten potential signs of stress in the Russian economy, highlighting what to watch in 2026 as the war drags into its
Foreign banks in Russia after four years of the war PRO Members Public
After the invasion of Ukraine and the sanctions shock of 2022, foreign banks massively reduced or completely halted their operations in Russia. The vacant market niches were quickly occupied by Russian players, but a significant number of foreign subsidiaries continue to do business in Russia, albeit in a very different
Russia silent on Venezuela PRO Members Public
Hello and Happy New Year! In our first newsletter of 2026, we look at why Russia is trying to bury its head in the sand over Venezuela. First Assad, now Maduro. Russian allies falling by the wayside. The New Year has brought new headaches for Russia’s foreign policy. In
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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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