Russian economy crisis

EU preparing new sanctions package against Russia

EU foreign policy chief Kaja Kallas announced a new sanctions package targeting 80 Russian individuals and entities supporting war in Ukraine, Al Jazeera reported on June 8.

9 June, 08:05 AM

Russian big tech firms sink deeper into debt as regulator raises concern

The debt load of Russia’s largest technology companies jumped 53% in 2025 to 2 trillion rubles ($27.1 billion), according to a Bank of Russia financial stability review cited by Frank Media on June 1.

3 June, 07:54 PM

Russia’s business leaders see ending Ukraine war as path to recovery

Russia’s economy is slowing sharply under the strain of Ukrainian drone strikes and a prolonged war, as Russian dictator Vladimir Putin opens his fifth wartime St. Petersburg International Economic Forum in search of ideas to revive growth.

1 June, 04:31 PM

Russian media ordered to avoid reporting on unpaid wage crisis

Russian media have been banned from reporting on the rapidly growing issue of unpaid wages in Russia, the Moscow Times reported on May 28.

29 May, 12:09 PM

Russian gold reserves plunge to 25-year low amid mounting deficits

Russia's central bank saw its gold reserves shrink for the fourth consecutive month in April 2026, recording the sharpest drop in over two decades, The Moscow Times wrote on May 20.

21 May, 02:56 PM

Russia’s war economy slides into stagflation as costs and deficits mount

Russia’s economy is becoming Moscow’s main constraint in its ability to continue the war against Ukraine as inflation, falling energy revenue and soaring military spending deepen the strain, economist Volodymyr Vlasiuk wrote in a column for NV Business.

15 May, 12:28 PM

Russian retailers blunder in dark as largest market research company exits country

Nielsen, one of the largest consumer and market research companies in the world, is planning on selling its division in Russia, The Moscow Times reported on May 12.

12 May, 01:00 PM

Russian investment activity drops to 16-year low

Russia’s economic slowdown, weakening demand, and high interest rates have sharply reduced business investment activity, The Moscow Times reported on May 7.

7 May, 11:43 AM

Russia's Central Bank loses its grip as citizens desperately hoard cash

Cash circulation outside the Russian banking system surged to over $8 billion from April 1 to May 5 amid increased disruptions in mobile internet and communications, the Moscow Times, citing information from Russia’s central bank, reported on May 5.

6 May, 12:30 PM

Putin seeks to shift budget deficit burden to Russia’s poorest regions

Russian President Vladimir Putin has signed a law to create a sixth gambling zone in the country as the government looks for new revenue sources amid $109B budget deficit, the Moscow Times wrote on May 3.

4 May, 10:53 AM

Rosstat caught massively inflating data to please Kremlin

Income of most Russians is significantly lower than official Rosstat data, averaging at around $1000 a month, the Moscow Times wrote on April 28.

29 April, 12:39 PM

Russia’s war economy strains as historic labor shortage drains workforce

Russia has never faced a labor shortage as severe as the one now weighing on its economy, Russian Central Bank Governor Elvira Nabiullina said, The Moscow Times reported on April 28.

28 April, 04:38 PM

Russian regions sink deeper into budget crisis after record deficits

Russia’s regional budget deficits, which reached a record high in 2025, are expected to widen further, Russian Finance Minister Anton Siluanov said, The Moscow Times reported.

27 April, 04:57 PM

Russia’s downturn hits business hard, leaving nearly 440,000 firms behind on taxes

Tax hikes and the start of Russia’s first economic downturn since 2023 have left hundreds of thousands of companies unable to pay taxes. In 2025, the number of companies with tax debt rose 12% to 391,800, and in the first quarter of 2026 it climbed by the same amount again, to 439,900, Forbes reported.

23 April, 08:06 PM

Moscow plans massive job cuts for its public sector workers

Russian authorities are preparing massive layoffs of government employees as treasury deficits increase sharply, the Moscow Times wrote on April 23.

23 April, 03:08 PM

Soaring oil prices will not save Russia's sluggish economy from recession — Bloomberg

The sharp spike in oil prices caused by the war in the Middle East is unlikely to help Russian dictator Vladimir Putin revive Russia's sluggish economy, now verging on recession, Bloomberg reported on April 22.

22 April, 02:25 PM

Russia sells 22 tons of gold as budget deficit widens and oil revenue weakens

Russia’s central bank sold 21.772 tons of gold in the first months of 2026 to help finance a budget deficit that reached 4.6 trillion rubles by the end of March, as oil and gas revenue weakened early in the year, The Moscow Times reported on April 20.

21 April, 04:52 PM

Russian economic losses from Western sanctions could soar to $136 billion by 2030

Russian President Vladimir Putin is likely receiving distorted information about the real state of the Russian economy, the Latvian Constitution Protection Bureau (SAB) wrote in its report.

14 April, 09:45 AM

Russia's largest supermarket chain suffers its first net loss in 20 years

Magnit, Russia's largest retail chain by number of stores, ended 2025 with a net loss of 22.5B rubles (approximately $243 mln) across its 32,000 outlets, marking its first loss in over 20 years of existence, The Moscow Times reported on April 3.

3 April, 11:32 AM

Russia’s defense bank PSB posts 19.2B ruble loss as war lending strains system

PSB Bank, a key lender to Russia’s military-industrial complex, reported a 19.2 billion ruble loss in 2025 after posting a profit a year earlier, The Moscow Times reported on Feb. 24.

13 March, 03:46 PM

Russian economy crisis

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