Russian economy

Russian refinery subsidies jump sixfold in June

Payments from Russia’s state budget to refineries that supply the domestic market rose more than sixfold in June year-over-year, Bloomberg reported on June 3, as the government moves to ameliorate fuel shortages.

4 July, 01:20 AM

Putin's economic shield crumbles as military spending drains Russia's liquid assets — Politico

Russian dictator Vladimir Putin largely succeeded in shielding his population from the economic consequences of the full-scale invasion of Ukraine, but the situation has now shifted dramatically, Politico wrote on July 2.

2 July, 12:35 PM

Russia’s allies crack down on cash ruble deposits as EAEU banks tighten rules

Eurasian Economic Union (EAEU) banks have begun implementing stricter rules on cash Russian ruble deposits since early June, Russian business daily Kommersant reported on July 1.

1 July, 02:35 PM

Russia cannot restore damaged oil refineries anytime soon

Ukrainian strikes have left Russia facing severe difficulties in restoring its damaged oil refineries, A-95 Consulting Group director Serhii Kuyun told Radio NV on June 26.

1 July, 02:03 PM

Kremlin weighing fuel imports after 25% drop in gasoline output

Persistent Ukrainian drone strikes targeting Russian oil infrastructure have caused a 25 percent drop in domestic gasoline production, leading to a substantial fuel shortage, Reuters reported on June 23.

23 June, 09:42 PM

Analysts warn Russia faces risk of economic collapse

Russia's economy is entering its final stage of decline and could even face economic collapse, according to the Kiel Report published by the Kiel Institute for the World Economy and the Stockholm Institute of Transition Economics, German newspaper FAZ reported on June 18.

18 June, 01:16 PM

Russia faces $29 billion budget deficit as oil revenues and tax collections plunge

Russia's federal budget faces a massive revenue shortfall in 2026 compared to initial government projections, The Moscow Times, citing the Russian Accounts Chamber (AC) Chair Boris Kovalchuk, reported on June 16.

17 June, 02:00 PM

Russia limits gasoline sales in 20 regions

Plagued by persistent fuel shortages, Russian authorities have restricted gasoline sales across 20 regions of the country, including Moscow and Leningrad Oblast, Serhiy Kuyun, director of automotive consultancy A-95, told NV Radio on June 16.

16 June, 10:57 PM

Duma MP voices concern over deteriorating conditions in Russia, demands clear war exit plan

Russian Duma MP Vyacheslav Markhaev voiced concerns that Russia is “on the brink of social upheaval” and demanded “plans to end [the so-called] special military operation (SMO)”, albeit on Russia’s terms.

12 June, 02:33 PM

Russian central bank head Nabiullina vanishes from public life

Elvira Nabiullina, head of Russia’s Central Bank, has not appeared in public for an extended period, prompting media reports and online speculation that she may be preparing to resign, independent newspaper The Moscow Times reported on June 11.

11 June, 08:44 PM

Putin maintains Russian economy doing just fine

The Russian economy “faces no threat” as the Kremlin is “intentionally cooling” it, Russian dictator Vladimir Putin said at the St. Petersburg International Economic Forum on June 5.

6 June, 12:08 AM

Officials tell Putin war costs no longer sustainable

Russia’s Finance Ministry and the Central Bank warned dictator Vladimir Putin that Ukraine war spending is “on an unaffordable path,” Bloomberg reported on June 1.

1 June, 09:57 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 2026 war budget deficit grows to $28 billion — FT

Russia’s spending on its war against Ukraine could exceed the 2026 budget by at least RUB2 trillion ($28 billion), putting added pressure on Kremlin finances, according to a letter from Finance Minister Anton Siluanov reviewed by the Financial Times on May 29.

30 May, 02:25 AM

Military industry cannibalizes Russia’s civilian economy, report says

Russia’s overheated military‑industrial sector is squeezing the civilian economy, the AP reported on May 29.

29 May, 10:39 PM

Putin doubles Russia's overtime limit, ditching a Soviet standard, as war drains workforce

Russian President Vladimir Putin has signed a law doubling the maximum allowable overtime hours for Russian workers, from 120 to 240 hours per year, replacing a Soviet-era Labor Code standard that had been in force for more than 50 years, The Moscow Times reported on May 25.

26 May, 03:20 PM

Gazprom puts its satellite production company and flight control center up for sale

Gazprom is planning to sell its satellite manufacturing subsidiary to a government program that consolidates space assets outside the state-owned Roscosmos, the Russian business newspaper Kommersant reported, citing its own sources.

26 May, 02:24 PM

Russia to issue 10-year yuan-denominated government bonds

The Russian government is planning on issuing federal loan bonds denominated in Chinese yuan, Interfax Russia wrote on May 21.

22 May, 01:00 PM

Russian economy can’t sustain war for much longer, MP warns

A sitting member of Russia’s State Duma said the country’s economy will crash if the Russo–Ukrainian war continues for much longer, in comments published on May 19.

19 May, 07:58 PM

Russia’s war economy shows new strain beneath Putin’s upbeat pitch

Russian dictator Vladimir Putin cast Russia’s latest economic figures as proof that government measures are working, even as the data points to mounting strain in the country’s economy, the Institute for the Study of War said in an analysis on May 15.

16 May, 11:47 AM

Russian economy

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