News
Russian Companies Freeze Hiring as Demand Cools, Central Bank Says
1+ hour, 44+ min ago (375+ words) A majority of Russian companies have effectively frozen hiring through the end of the year as weakening demand ripples through the economy, according to a report by the Central Bank. The findings point to a broad shift in the labor…...
Putin Demands Answers as Russia's Economy Undershoots Expectations
5+ day, 23+ hour ago (750+ words) President Vladimir Putin on Wednesday'demanded explanations from the government and Central Bank over why Russia's economy is performing worse than expected this year, calling for urgent measures to revive growth in his second public complaint about economic weakness in a…...
Russia's Central Bank Has Lost What Remained of Its Independence
5+ mon, 3+ week ago (1299+ words) The Russian Central Bank has cut the key interest rate again from 17% to 16. 5%, as most experts had predicted. The cut is symbolic: the Central Bank itself doesn't even hide that it was forced into it. The main question now is…...
Crisis-Struck Philippines Reportedly Buys Russian Oil For First Time in 5 Years
3+ week, 6+ day ago (284+ words) An oil tanker previously reported to be carrying Russian crude arrived at a port in the Philippines on Monday, coming days after the government in Manila said it was considering purchasing oil from Russia amid the global energy crunch. Ship…...
Russian Corporate Health Insurance Costs Surge as Staffing Shortages and Inflation Bite
4+ week, 1+ day ago (453+ words) The cost of medical services covered by Russia's corporate voluntary health insurance (DMS) programs rose sharply in 2025, outpacing official inflation as healthcare providers grappled with staff shortages and rising operating costs, according to insurers and industry analysts. DMS policies provide…...
Russian Central Bank Lowers Key Rate to 15%
1+ mon, 1+ day ago (367+ words) Russia's Central Bank lowered its key interest rate to 15% from 15. 5% on Friday, as price growth in the country continues to slow, though it highlighted an'increasingly uncertain outlook for the economy and inflation in the wake of the'Iran war. Russia's Central…...
Russia's Investment Slips for First Time Since Pandemic
1+ mon, 1+ week ago (522+ words) Russia's investment in fixed capital fell 2. 3% in 2025, state statistics agency Rosstat said, marking the first annual decline since the pandemic and highlighting growing strains on the economy from high interest rates and tightening state finances. The drop was the steepest…...
Russian Central Bank Challenges EU's Indefinite Asset Freeze in European Court
1+ mon, 2+ week ago (289+ words) Russia's Central Bank said Tuesday that it filed a lawsuit in one of the European Union's two main courts to challenge the bloc's decision to freeze Russian state assets'indefinitely. In December, the EU agreed to keep roughly 210 billion euros ($244. 1 billion)…...
Russian Steelmakers Seek Tax Relief as Output Falls, Layoffs Begin
2+ mon, 1+ week ago (491+ words) Russian steelmakers have warned the government of mounting financial strain, citing falling output, weaker revenues and job cuts, and have sought tax relief to cushion the downturn, Forbes Russia reported, citing an industry source. At a meeting with Deputy Prime…...
Russian Deposit Rates Fall to Lowest Level Since December 2023
2+ mon, 1+ week ago (400+ words) The average maximum interest rate on bank deposits at Russia's 10 largest lenders fell to 14. 57% in the final 10 days of January, the Central Bank said, marking the lowest level since December 2023. The rate was down 0. 3 percentage points from the previous 10-day…...