Economy
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
The Potemkin village at this year’s SPIEF 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 the atmosphere of enforced optimism at this year’s St. Petersburg International Economic Forum. We also look at why the Central Bank believes the economy might
Why are the shares of stock market darling Magnit heading for junk? Paid Members Public
One of Russia’s top two retailers, Magnit, has always been one of the most popular stocks among investors in Russia. But this week, it was relegated from the top tier of the Moscow Exchange securities — entering in its third tier — after violating exchange rules. Investors suspect the company of
Could Russia lose one of its last ties to the global financial system? 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 Russia’s possible blacklisting by the Financial Action Task Force (FATF), which could mean the severing of one of its last ties to the global financial
The Global South holds the keys to successful Western sanctions on 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 the G7 Summit taking place in Japan on Friday and Saturday, where the war in Ukraine and the role of the Global South in sanctions will
