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 discuss how the government is getting ready for a massive borrowing binge to meet the rising costs of the invasion of Ukraine.
Government
Delegates arrived at the St. Petersburg International Economic Forum under columns of smoke rising over the Gulf of Finland. Seventeen kilometers from the venue, the St. Petersburg Oil Terminal had been hit by Ukrainian drones. This year’s official guest country was Saudi Arabia, in keeping with Russia's
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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