Russia's war-fueled economy is running on empty, Central Bank chief warns
"We grew for two years at a fairly high pace because free resources were activated," Russia's Central Bank Governor Elvira Nabiullina said.
Russian Central Bank
Russia cuts key interest rate for first time since 2022
The decision reflects a decrease in inflation and mounting political pressure to ease borrowing costs amid Russia's economic slowdown.
Russian central bank head under pressure to slash key interest rate, Bloomberg reports
The reason is the growing toll on the federal budget and civilian industries, three officials told Bloomberg, with some calling for the decision to be made at the bank's meeting on June 6.
Russia may face housing shortage as new construction drops sharply
In the first quarter of 2025, developers launched just 8.1 million square meters (around 87.19 million square feet) of new housing projects — down 24% from the same period last year.
Russia's sanctioned ex-central bank official takes up in-person IMF duties in Washington
Ksenia Yudaeva is moving to Washington after the U.S. Treasury Department, still under the Biden administration, granted her permission to transition from remote to in-person duties as Russia's IMF executive director, Bloomberg reported in January.
Russia braces for economic crisis as it revives Covid-era committee
The commission resumed work in December 2024, focusing on nine key sectors and over 2,000 enterprises, Russian Deputy Prime Minister Alexander Novak said.
Putin's war economy is running on fumes as inflation and shortages surge
Russian President Vladimir Putin frequently boasts about the strength of his country’s economy, claiming that Western sanctions only made it stronger (while in the same breath demanding that they be lifted). In fact, “stagflation” — inflation combined with minimal growth — is coming to Russia. His war on Ukraine has caused
Russia's inflation hits year-high, driven by war spending, food price hikes, Rosstat says
Inflation in Russia has reached its highest levels in nearly a year, driven by war spending and rising food prices, The Moscow Times reported on Dec. 25, citing Russia's Federal State Statistics Service (Rosstat).
Ukraine war latest: Russian An-72 military transport plane damaged in blast near Moscow, Ukraine's intel claims
Key developments on Dec. 20: * Russian An-72 military transport plane damaged in blast near Moscow, Ukraine's intel claims * Fire, casualties reported in Kyiv amid Russian missile attack * Ukraine charges Russian general with killing Reuters employee in Kramatorsk * Russia captures 'Uspenivka pocket,' Ukraine denies reports of failed breakout * Ukraine begins
Russia keeps key interest rate at 21%, defying expert expectations
To rein in accelerating inflation fueled by war spending, Russia's Central Bank has been raising its interest rate — from 7.5 percent in July 2023 to the current 21% - the highest level since the early 2000s.
25% of Russian malls may face bankruptcy in 2025
Russian shopping centers have been hit hard by the departure of major foreign companies, rising operational costs, and increased competition from online marketplaces.
The Week Ahead: Key Developments Impacting Global Politics & Markets
Editor's note: This article is a shortened on-site version of KI Insights' The Week Ahead newsletter covering events from Dec. 16 to Dec. 22. Sign up here to start your week with an agenda of Ukraine-related events, delivered directly to your inbox every Sunday. Central banks accounting for over 40%
Can Russia sustain its war effort as ruble plummets, inflation soars?
With the purchasing power of the Russian ruble hitting the lowest point since March 2022, the economic toll of the full-scale invasion of Ukraine becomes glaring. Russia's expanding spending on the war has fueled inflation, prompting Russia's Central Bank to hike its interest rate to the highest level since the
Germany likely won't approve additional military aid to Ukraine this year, media reports
According to FAZ, Ukraine will receive previously approved assistance, but additional requests from the German Defense Ministry will not be supported.
(Updated: )
Most popular
Editors' Picks
With no new US aid packages on the horizon, can Ukraine continue to fight Russia?
From buffer zone to new front: Russia pushes deeper into Sumy Oblast
As Russia inches closer to Dnipropetrovsk Oblast, new Ukrainian region might soon be at war
