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russian economylatest news & developments
SAINT PETERSBURG, RUSSIA – 2022/07/25: Only employees can get into Ikea stores. Customers receive their orders at the checkout. The stores of the Swedish company Ikea in Russia are closing. In shopping malls, foot traffic has dropped, and some branded clothing stores of foreign companies are also closing. (Photo by Maksim Konstantinov/SOPA Images/LightRocket via Getty Images)
RUSSIA

Study shows sanctions are crippling Russia’s economy

Researchers at Yale University say the Russian economy is suffering massive damage due to Western sanctions but Moscow is downplaying the effects

  • Deutsche Welle
3 min read
For the first time in 11 years
ANNA SMOLCHENKO

Russia’s falling stock market faces new sanctions

A day after a US ratings agency downgraded ?Russia to "junk" status, the country’s index fell by 3%. Russia could also face new sanctions.

  • Anna Smolchenko
4 min read
RUSSIA

Russians go shopping in the race against rouble’s fall

Russians are frustrated with the continued fall of their currency. For some, investing in valuables is the solution.

  • Alec Luhn
3 min read
Russia’s President Vladimir Putin was the winner of the meeting in Alaska with US President Donald Trump. Photo: File
CENTRAL BANK OF RUSSIA

Putin gives central bank of Russia free reign

Russian President Vladimir Putin backs the central bank’s move to hike interest rates amidst warnings that it will send the country into a recession.

  • Reuters
  • Lidia Kelly
5 min read
FRACKING

Stakes high as US plays oil card

A ploy to soften up Russia and Iran might inflict collateral damage on its own shale industry.

  • Larry Elliott
5 min read
GLOBAL FINANCIAL CRISIS

Rouble at 11-year low

The Russian rouble plunged to its lowest level against the American dollar in 11 years this week as oil prices plummet and economic activity slows.

  • Kathryn Hopkins
1 min read