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Russian economy

  • February 8 2026
    Argus Media
    UK’s Argus lobbied Moscow over rules threatening its Russia business
    Price reporting agency urges finance ministry to amend law that will limit its ability to maintain ‘full-scope’ operations
    A Russian oil-producing platform in the Pechora Sea
  • February 1 2026
    Russia struggles to shake reliance on foreign technology imports
    Moscow’s hope of hitting target for independence by 2030 is too optimistic, say analysts
    The first MC-21-300 passenger plane with domestically made composite wings in a factory hangar, surrounded by workers and equipment.
  • January 8 2026
    Free LunchMartin Sandbu
    Russia is running out of money
    Go behind the propaganda, and the intensifying strain is evident
    Premium content
    A customer hands Russian rouble banknotes to a vendor at a produce stall in a decorated food market in Moscow.
  • December 23 2025
    Russia’s wage growth slows as wartime economy cools
    Salary increases for new hires drop compared with last year
    A military recruitment poster for the Russian armed forces is displayed near a supermarket checkout, with shoppers bagging groceries nearby
  • December 16 2025
    Oil
    Oil settles below $60 a barrel on hopes of Russia-Ukraine peace deal
    Brent crude falls to lowest level in almost five years
    A man wearing a hard hat climbs stairs beside crude processing equipment at a tank farm during sunset.
  • November 27 2025
    War in Ukraine
    EU’s frozen-assets loan plan risks rattling markets, Euroclear warns
    Proposal for ‘reparations’ funding for Ukraine using immobilised Russian assets would be seen as ‘confiscation’
    A Ukrainian serviceman in camouflage uniform and helmet aims a rifle while taking cover behind a rusted metal object next to a damaged stone wall.
  • November 24 2025
    Russian business & finance
    Chinese exporters charge Russia more for war supplies
    Price increases show that western restrictions are limiting Moscow’s capabilities, Bank of Finland research finds
    A Russian tank with two soldiers visible passes through Moscow’s Red Square during a Victory Day military parade, with historic red buildings in the background.
  • November 22 2025
    Kremlin plotted to blame unpopular tax rise on west to shield Putin
    Guidelines issued to state-controlled media said Russia’s president should not be personally linked to VAT rise
    A young couple in winter jackets look at a boutique display inside a festively decorated department store.
  • November 16 2025
    Gazprom forges ahead with long-delayed China pipeline
    Russian energy giant draws up studies in sign it believes the project is back on track
    A worker in protective gear turns a red valve wheel on blue gas equipment at an outdoor Gazprom gas well.
  • October 24 2025
    News in-depth
    US sanctions threaten major blow to Russian oil groups Rosneft and Lukoil
    Decision risks upending the industry by disrupting exports and forcing both companies to adapt
    Aerial view of the Lukoil oil refinery in Volgograd illuminated at night, with storage tanks and industrial infrastructure visible.
  • October 13 2025
    Bill Browder
    To stop Putin’s war, punish refineries processing Russian oil
    Western sanctions will not be effective until the loophole for facilities in India, Turkey and China is closed
    Large fireball and explosion engulf part of an oil refinery complex, with flames and smoke rising near industrial structures and a striped smokestack.
  • September 24 2025
    Russia to raise value added tax rate to 22% as war weighs on economy
    Finance ministry says funds will be mainly used to cover the country’s spiralling defence and security spending
    A Russian ruble coin
  • September 23 2025
    War in Ukraine
    Russian fuel exports drop as Ukraine intensifies its strikes on oil refineries
    Kyiv accelerates drone campaign aimed at reducing Moscow’s ability to fund its war
    A huge fireball and thick smoke rise above the Novokuibyshevsk oil refinery in Russia after a drone strike, with a red-and-white smokestack visible nearby.
  • September 18 2025
    News in-depth
    Guns and butter: Russia chooses both
    Dairy industry insulated from slowing war economy thanks to subsidies and pause in investment by western rivals
    A worker uses an electronic identification device on dairy cows in a shed at an EkoNiva-APK dairy farm in Russia
  • September 12 2025
    Russia’s central bank cuts rates further as economic pressure mounts
    Third cut since June lowers borrowing costs to 17% but reduction was less than expected by economists
    Exterior of Russia’s central bank in Moscow, with ornate columns, arched windows and the Russian flag on the roof.
  • September 7 2025
    News in-depthWar in Ukraine
    Putin faces tough choices at home as strain on Russia’s war economy mounts
    Dwindling oil revenues and a widening deficit may force Moscow to cut some non-military spending in this month’s budget
    Composite image of Omsk oil refinery in Russia, Putin and a Russian tank
  • September 5 2025
    LexNatural gas
    A China-Russia sweetheart gas deal could upset US energy exporters
    Even without Power of Siberia 2, there was already a risk of superfluous LNG sloshing around the system
    Premium content
    Kim Jong Un, Xi Jinping, and Vladimir Putin stand together at a parade, all clapping, in front of an ornate red and gold backdrop.
  • August 5 2025
    Russian business & finance
    Russia moves to contain concern over banks’ bad loan exposure
    Central bank governor insists ‘no need’ for recapitalisation of large lenders despite Moscow’s cooling war economy
    Elvira Nabiullina, governor at the Central Bank of the Russian Federation
  • July 25 2025
    Russia’s central bank speeds up rate cuts as war economy cools
    Second reduction in two months lowers borrowing costs to 18%
    A Russian state flag flies over the central bank’s headquarters in Moscow
  • June 19 2025
    Russia on brink of recession, says economy minister
    Maxim Reshetnikov says persistent inflation and central bank’s hawkish policy contribute to slowdown
  • June 17 2025
    Russian business & finance
    Russian court approves state seizure of Moscow’s second-largest airport
    Government wins ruling to expropriate Domodedovo airport in escalation of dozens of forced nationalisations
    Passengers wheeling luggage at Domodedovo airport
  • June 12 2025
    Free LunchMartin Sandbu
    Sanctions on Russia are working
    It’s the right time to tighten the screws further
    Premium content
    Skyscraper office buildings of the Moscow International Business Center and the Grand Kremlin Palace. In the foreground, the Moskva River flows beneath a bridge
  • June 6 2025
    Russia’s central bank cuts interest rates for first time since 2022
    Move lowers borrowing costs to 20% and follows reduction in inflation
    Russian soldiers march in Red Square
  • May 28 2025
    News in-depth
    Putin’s war economy is cooling, but Russians still feel richer
    Salary growth for new hires is slowing, according to a FT analysis, yet not enough to shift views on the war
    Russian service members march in columns during a military parade on Victory Day, marking the 80th anniversary of the victory over Nazi Germany in World War Two, in Red Square in central Moscow
  • May 9 2025
    War in Ukraine
    UK hits key figures in Russian oil trade with sanctions
    Latest measures to increase economic pressure on Moscow target five Azerbaijani oil executives
    A pressure gauge near oil pump jacks in Russia
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