Economy
Russian Central Bank takes emegency measures as the ruble plummets Paid Members Public
Russia’s Central Bank, which is also responsible for national monetary policy, is trying to strengthen the falling ruble. Last week, it refused to invest in foreign currency as required by budget rules. But on Monday, as the dollar rate reached 100 rubles for the frst time since March 2022,
Falling ruble forces Russia to abandon its own budget principles Paid Members Public
The Russian ruble has continued its steep decline, reaching 95 rubles against the dollar and 105 against the euro this week. For Russians, this is more than the usual psychological blow (many are used to using the exchange rate as a barometer for the economy’s fortunes): it is a
Isolated Russia turns to Africa Paid Members Public
Last week, Russia hosted its second Russia-Africa summit in St. Petersburg. Although the Kremlin actively promoted the forum, only 17 of the continent’s 54 nations sent high-level delegations. It’s no surprise that this is far fewer than the number that attended the previous summit in 2019. Even though
Inflation gains momentum Paid Members Public
Russia’s Central Bank expects prices to rise. But just a month ago, Putin was hailing the country’s low inflation rates compared to the rest of the world. At the start of the summer, Putin boasted of how inflation in Russia was approaching record lows and was even less
Russian ruble plummets amid Prigozhin rebellion Paid 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
Keynes in jackboots: can defense spending sustain Russian economic growth? Paid Members Public
Hello! This is Alexandra Prokopenko with your weekly guide to the Russian economy — brought to you by The Bell. I am joined this time by analyst Alexander Kolyandr to look at the structural transformation of the Russian economy amid the Ukraine war and what it has to do with economist
How Russia’s most mysterious retailer is building its business in the West Paid Members Public
For most Russian businesses, following the invasion of Ukraine, it’s better to forget about any plans to expand into Europe. However, one Russian company is continuing its efforts to conquer the European market despite the war. Svetofor, founded by Krasnoyarsk’s Schneider brothers, remains Russia’s most mysterious retailer.
Ukraine’s counteroffensive and economic scenarios for Russia Paid Members Public
Hello! This is Alexandra Prokopenko with your weekly guide to the Russian economy — brought to you by The Bell. This week we focus on Ukraine’s counteroffensive and what it could mean for the Russian economy. We also notica that Russian state spending is gradually slowing down. What could be
