Russian economy

Russia to receive first shipment of Indian gasoline July 26

As Ukrainian strikes continue reducing Russia’s refining capacity, the first shipment of gasoline from India is expected to arrive on July 26, the Financial Times reported on July 23.

23 July, 10:51 PM

Russia reroutes fuel from Siberia to Moscow

Russia is rerouting fuel from Siberia to Moscow to avoid shortages in the capital, Reuters reported on July 21, citing industry sources.

21 July, 08:50 PM

Russia’s Pskov cracks down on fuel hoarders

Security forces in Russia’s Pskov Oblast have launched raids to find residents hoarding scarce gasoline, regional Governor Mikhail Vedernikov said on July 20.

20 July, 10:47 PM

Ukrainian drone campaign paralyzes quarter of Russia's grain exports

Halt of the Azov Sea navigation amid Ukrainian drone strikes has paralyzed a quarter of Russia's grain exports, driving global wheat prices up by 3% to 5% as Russian farmers face catastrophic gluts in the middle of season, Forbes Russia wrote.

15 July, 10:54 AM

Russia set to lose trillions of rubles as oil prices collapse, threatening federal budget

Russian oil exports have reached a record level as the loss of up to a third of the country's refining capacity forces Russian companies to export more crude. At the same time, revenue from those sales is falling along with the price of Russian oil, The Moscow Times reported on July 7.

8 July, 03:04 PM

Russia desperately scrambles to refill its National Wealth Fund with gold

To refill Putin's "piggy bank," the Russian Ministry of Finance will buy foreign currency and gold for the third consecutive month, The Moscow Times reported on July 3.

6 July, 12:30 PM

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

Russian economy

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