Central Bank hikes rates to 21% Paid 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. Our top story is the Central Bank’s decision to hike interest rates to a record 21%. We also look at the IMF’s upgrade of
The Central Bank readies another rate hike Paid Members Public
There is little doubt that the central bank is gearing up to raise its key interest rate in its next meeting on Friday. Currently set at 19%, it’s expected to be hiked to 20-21% — matching or surpassing the emergency interest rate introduced days after Russia invaded Ukraine. This time
Russia proposes confiscating exiles’ property Paid Members Public
A bill that would allow authorities to seize property from Russians that have left the country has been introduced to Russia’s parliament. Although it had an unusual path to the floor of the Duma, it has every chance of being voted into law and could have been ordered by
Putin’s new passion: boosting Russia’s flagging birth rate Paid Members Public
The bleak demographic prospects for Russia’s near future have prompted the authorities into fresh action, with new legislation set to come into force to try to boost the country’s low birth rate. Last week, a bill banning “childfree propaganda” passed the first of three readings in parliament. The
THE BELL WEEKLY: Russia’s ‘Special Demographic Operation’ Paid Members Public
Hello! This week we highlight how Moscow is going into overdrive to try to boost the country’s low birth rate through misguided legislative initiatives. We also cover attempts to pass a law to seize property and assets from people who have fled the country and the central bank preparing
Russia pushes BRICS to take anti-Western turn Paid 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. Our top story is a look ahead at the BRICS summit due to take place in Russia next week. We also examine whether an international money
Calls for childless tax Paid Members Public
Weeks after advancing a bill to ban “childfree ideology,” several Russian figures have started calling for a tax to be introduced on couples that do not have children. It is the latest proposal that advocates say will address the country’s war-related demographic problems and fits into a deepening conservative
Russia boosts army sign-up bonuses amid escalating frontline losses Paid Members Public
After the unpleasant experience with forcibly calling up army reservists in the 2022 “partial mobilization” drive, the Kremlin has since gone into overdrive to convince people to sign-up as contract soldiers for the invasion of Ukraine. The recruitment of “volunteers” (those who sign-up specifically to take part in the war
