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2 mins read
Russia's economy will shrink a huge 10% this year, Goldman Sachs says — its worst contraction since the dark days of the 1990s
New Western sanctions on Russian trade will cause the country's exports to drop 10% and imports to …
Harry Robertson
1 min read
JPMorgan says Russia's economy is stronger than expected and will only suffer a shallow recession despite sanctions
"The data at hand do not point to an abrupt plunge in activity" in Russia, JPMorgan said, "at least…
Harry Robertson
1 min read
Russia's economy is shriveling up
"Faltering oil prices have increased the risks for the expected economic improvement in the second …
1 min read
Russia's economy is on track for its biggest contraction in 3 decades amid sanctions over the Ukraine war
Russia has only posted double-digit GDP declines twice in its modern history — in 1992 and 1994 res…
Huileng Tan
2 mins read
Some Russians are spending like no tomorrow with 'considerable' overheating in the economy
Russia's central bank hiked interest rates from 16% to 18% to cool its overheated wartime economy.
Huileng Tan
1 min read
Russia's Economy Is In Deep Trouble Next Year
The World Bank said its forecast is based on a scenario of crude prices averaging at $78 in 2015. B…
AFP
3 mins read
Russia's economy faces 'near stagnation' with sanctions whittling down annual GDP growth, European economist says
Russia's economy could be losing as much as 3% of its GDP a year due to Western sanctions, a Europe…
Jennifer Sor
3 mins read
Putin's war in Ukraine is devastating Russia's economy, wiping out 15 years of growth and sending inflation skyrocketing
Russia's economy is on track to shrink 15% this year by some estimates, dredging up memories of the…
Harry Robertson
3 mins read
Russia's economy is hurting - and a new wave of EU sanctions aimed at crippling its 'war machine' are coming. Here are 6 key developments in the past week.
Russia's economy is suffering from Western sanctions imposed after the Ukraine invasion – and…
Zinya Salfiti
1 min read
Russia's Economy Ministry: 'We Will Not Collapse!'
The move is highly unusual from a government ministry. It comes on the back of sharp falls in the v…
Tomas Hirst,Tomas Hirst
1 min read
Things Are Just Ugly In Russia's Economy
"Red Square" by Radya in Ekaterinburg, Russia, 2011 (Page 267)GDP expanded by just 1.2%, which was …
Sam Ro
2 mins read
Russia's economy can't avoid a crisis forever and it's becoming more vulnerable to shocks, think tank researcher says
A researcher at the think tank CEPA wrote that the war is sapping Russia's economy, leaving economi…
Jennifer Sor
2 mins read
Russia's economy faces a demographic disaster and risks seeing its population reduced by half by the end of this century, think tank says
"Putin's government has not evinced visible concern that Russia's population might be cut in half b…
Jennifer Sor
2 mins read
'Catastrophic' war will shrink Ukraine's economy by 45% and Russia's by 11% this year, World Bank predicts
"Ukraine needs massive financial support immediately as it struggles to keep its economy going," th…
Harry Robertson
1 min read
13 mind-blowing facts about Russia's economy
But when the Soviet Union crumbled in the early 1990s and reemerged as Russia, it had to reinvent i…
Pat Evans
3 mins read
5 stats show how Russia's economy is withering
Moscow's current-account balance has collapsed, the ruble has weakened, and its leverage as an ener…
Phil Rosen
1 min read
Here's How Dependent Russia's Economy Is On Oil And Gas
The EIA has a chart out this morning showing how dependent Russia's economy is on oil and gas. The …
Rob Wile
1 min read
Russia's Underground Economy Is Massive
As you can see in the chart below, Russia's underground economy blows away other major countries in…
Michael Kelley
2 mins read
The war in Ukraine has likely sent Russia's economy back to 2018 — but it's still a smaller contraction than experts expected
Russia's GDP likely fell 4.7% in the second quarter of 2022, per Bloomberg. It was the first full q…
Huileng Tan
2 mins read
Sanctions have not crushed Russia because it's not a state-run economy as the West's 'fairy tales' suggest, says a Russian economist
Russia's economy is humming along because most employment is concentrated in the private sector, wh…