Russian economy war impact

Russia’s record bank profit forecast masks mounting losses and troubled debt

Russia’s central bank has raised its forecast for banking-sector profits to a record 4.4 trillion rubles ($52.2 billion), about 52 billion euros ($59.3 billion). But the number of loss-making banks has doubled. NV Business examined what is happening in Russia’s banking system.

25 September, 06:09 PM

Kremlin takes control of Auchan, Nestle and former Leroy Merlin assets

Russian dictator Vladimir Putin signed a decree on Sept. 17 placing the assets of several major foreign companies operating in Russia under temporary management, including Auchan, Nestle and an entity linked to the former Leroy Merlin chain, Russian news agency Interfax reported, citing Putin’s decree.

18 September, 11:11 AM

Ukraine hits Wildberries and Ozon hubs as Russia’s logistics crisis deepens

A series of Ukrainian UAV and missile attacks on marketplace logistics hubs across 16 Russian regions has paralyzed supply chains, triggered legal chaos and pushed hundreds of thousands of Russian sellers to the brink of bankruptcy.

11 September, 06:26 PM

Putin adviser acknowledges capital flight as wealthy Russians move money abroad

Russia continues to face capital outflows amid sanctions and its confrontation with the West, presidential adviser Anton Kobyakov said, The Moscow Times reported.

4 September, 05:37 PM

China lures Russian Far East businesses with lower taxes, 3% loans

Companies operating in Russia’s Far Eastern Federal District have begun registering in China because of high taxes and expensive credit. Alexander Kalinin, head of the Opora Rossii business organization, described the trend in a report by The Moscow Times.

4 September, 12:27 PM

Overdue loans at Rosneft-linked bank soar 1,716% in one year

Credit Bank of Moscow, which has close ties to Rosneft, has seen a surge in overdue loans, The Moscow Times reported on Aug. 19. As of July, 14.8% of its loan portfolio was past due — five times the Russian banking system average.

20 August, 02:20 PM

Russians rush money abroad as sanctions tighten and capital flight accelerates

Russians are sharply increasing transfers to foreign brokerage accounts, trying to move money out of the country before the remaining routes close, Ukraine’s Foreign Intelligence Service reported.

17 August, 11:12 AM

Up to 15,000 Russian companies close monthly as business conditions worsen

Between 12,000 and 15,000 companies have shut down in Russia each month for economic reasons since the start of 2026, roughly three times the monthly total in previous years, Kommersant reported.

4 August, 02:28 PM

Russian businesses warn Kremlin Wildberries strikes could drain tax revenue

Russian entrepreneurs are urging the Kremlin to provide tax relief and loan-payment deferrals to small and medium-sized businesses hit by Ukrainian strikes on Wildberries warehouses, warning that closures would cut tax revenue, The Moscow Times reported.

29 July, 06:51 PM

Ukrainian drone strikes upend Wildberries as sellers retreat and prices rise

A series of Ukrainian drone strikes on Wildberries warehouses is reshaping Russia’s e-commerce market, prompting sellers to overhaul their fulfillment strategies as platforms exempt themselves from liability for destroyed goods and experts warn of higher prices and a shift back to brick-and-mortar stores, The Moscow Times reported.

29 July, 05:54 PM

Fuel shortages expose cracks in Putin’s bargain with the Russian public

As Ukrainian attacks reach a growing number of Russian regions, Russians are increasingly questioning whether the Kremlin can continue meeting their basic needs, the French newspaper Le Monde reported on July 19.

19 July, 09:35 PM

Russia rolls out digital ruble as Kremlin tightens financial control

Russia is ready to launch the digital ruble for broad use starting Sept. 1, Central Bank Governor Elvira Nabiullina said, The Moscow Times reported on July 2.

3 July, 12:54 PM

Two-thirds of Russian regions face budget deficits as economic strain spreads

The number of Russian regions running budget deficits continues to rise: In the first quarter of 2026, 56 regions faced a budget gap, up from 46 in the same period last year.

16 June, 02:50 PM

Leaked Kremlin documents point to rising Russian anger at Putin, Zelenskyy says

Ukrainian President Volodymyr Zelenskyy said intelligence had obtained documents that are landing on Russian dictator Vladimir Putin’s desk. The documents show projected levels of Russians’ dissatisfaction with Putin “will continue to rise steadily.”

14 June, 06:27 PM

Putin faces rare public criticism as Russia’s war economy comes under pressure

More Russian public figures are breaking with the official line to criticize the authorities, The Telegraph reported on June 13.

14 June, 12:23 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

Russia’s regional budgets buckle as war costs drive record deficits

Russian regional budget deficits are expected to hit RUB 1.9 trillion, or about $ 25.3 billion, in 2026 after setting an all-time record last year, Russian Finance Minister Anton Siluanov warned, The Moscow Times reported.

1 May, 05:28 PM

Russia’s oil and gas revenues fall 43% in March despite rising prices

Russia’s federal budget revenue from oil and gas fell 43% year over year in March to 617 billion rubles, down by 464 billion rubles, The Moscow Times reported.

3 April, 05:13 PM

Russian economy war impact