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The inflationary pressures on the Russian economy remain high, despite the Russian Central Bank setting an interest rate of 18%. An annualized rate of price increases from May to July stands at 10 ...
Russia’s economy is facing a “moment of truth” as high inflation, an ailing private sector, and critical shortages are poised to constrain Vladimir Putin’s war on Ukraine, according to ...
Others have also issued dire assessments of Russia's economy. The Bank of Finland’s institute for emerging economies published a report Thursday that said growth will slow to just 1% in 2025 and ...
The effect of sanctions, especially the price caps on both crude oil and processed oil which came into effect in late 2022, early 2023 resulted in an immediate fall in Russia's oil revenues with Q1 of 2023 recording income of just $19.61 billion, far below the 2023 budget of $35 billion per quarter and the 2022 results which averaged $42 ...
Russia's economy will be under major strain in 2025, economists told BI. One said stagnation was similar to the USSR at the start of the 1980s. Russia's economy is entering a year of pain in 2025
6 May – Russian writer and pro-war nationalist Zakhar Prilepin is injured and his driver is killed when their vehicle is hit by a car bomb in Nizhny Novgorod Oblast, Russia. [14] [15] 13 June- Russia hints at possibly leaving the Black Sea grain deal. President Vladimir Putin announces that Russia is contemplating withdrawing from Black Sea ...
Official data show its economy shrank by 2.2% in 2022, with the International Monetary Fund (IMF) forecasting flat GDP growth in 2023. But Russia, never the most trustworthy data purveyor, has ...
Ukraine's Defense Ministry claimed that May 2024 was the deadliest month for Russia so far in the war, with Russian troop losses allegedly amounting to 38,940 killed, wounded, missing, or captured. They also claimed a record number of 1,160 Russian artillery systems destroyed.