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Russian economy

  • Monday, 30 September, 2024
    Russian defence spending to rise by a quarter in 2025

    Next year’s budget signals Kremlin’s readiness to fight a long war in Ukraine

    Russian reservists recruited during a partial mobilisation of troops walk past a photo of Vladimir Putin before their departure in Omsk, Russia
  • Wednesday, 18 September, 2024
    International Monetary Fund
    IMF scraps mission to Moscow after objections from Kyiv’s allies

    Fund’s executive director for Russia suggests decision was prompted by pressure from European countries

    IMF managing director Kristalina Georgieva speaking at a conference in Paraguay in July
  • Thursday, 5 September, 2024
    Russia
    Putin’s flagship Arctic gas project struggles to lure customers

    US sanctions appear to be deterring buyers, satellite images and ship-tracking data suggest

    The Saam floating storage unit in the Arctic waters off northern Russia has been taking LNG shipments from a key gas field
  • Wednesday, 4 September, 2024
    War in Ukraine
    Russia built covert trade channel with India, leaks reveal

    Files outline Moscow’s plan to spend rupees from oil sales on sensitive electronics for war effort

    A montage of a hand holding Indian bank notes, a plane, arrows and a computer chip
  • Friday, 30 August, 2024
    Russia’s ‘overheating’ economy to slow sharply next year, says central bank

    Worsening labour shortages and western sanctions are crimping production

    The Grand Kremlin Palace and the Cathedral of the Annunciation in Moscow, Russia, are seen in the background. In the foreground, people walk on a bridge
  • Monday, 5 August, 2024
    Cargo ship spotted at Russian gas terminal under US sanctions

    Arctic LNG 2 project in Russia’s high north has so far been unable to export liquefied natural gas

    Satellite imagery shows a vessel roughly 280 metres long docked at the Arctic LNG 2 on August 1
  • Thursday, 1 August, 2024
    Free LunchChris Cook
    No time to give up on Russia sanctions Premium content

    Kremlin has not been stopped in its tracks — but it does have sand in its gears

    A Russian flag and missile cruiser
  • Sunday, 14 July, 2024
    News in-depth
    How the war in Ukraine is reviving Russia’s rustbelt

    Poor regions such as Chuvashia experience a boom as Soviet factories are fired up again for the military

    Workers make military uniformsfor the war effort
  • Thursday, 20 June, 2024
    The Big Read
    How Russia is using nuclear power to win global influence

    Despite sanctions, Russian companies are building more than a third of the new reactors around the world, which is gaining Moscow new friends

    Montage image of Putin, a Red Square skyline, a nuclear plant, all overlayed with the colours of Bangladesh’s flag
  • Tuesday, 18 June, 2024
    War in Ukraine
    Russia scours China for second-hand machine tools

    Shadowy buyers for Moscow’s defence industry source old western-made machinery

    Russia’s President Vladimir Putin visits Uralvagonzavod, the country’s main tank factory in the Urals
  • Friday, 14 June, 2024
    G7
    G7 threatens China with further sanctions over Russia war support

    Leaders accuse Beijing of ‘enabling’ Ukraine conflict and consider more confrontational stance on its economic policies

    Ukraine’s President Volodymyr Zelenskyy with US President Joe Biden at the G7 summit in Italy on Thursday
  • Thursday, 13 June, 2024
    Russian business & finance
    Russia halts foreign exchange trading as US sanctions sow confusion

    Washington’s latest curbs force transactions in dollars or euros off central exchange

    An electronic board with exchange rates at a currency exchange office in Moscow
  • Wednesday, 12 June, 2024
    War in Ukraine
    US unveils tougher Russia sanctions for foreign banks

    Measure will discourage financial institutions in countries such as China from doing business with Moscow

    Janet Yellen, US Treasury secretary
  • Sunday, 2 June, 2024
    Russia-China gas pipeline deal stalls over Beijing’s price demands

    Power of Siberia 2 project would offer lifeline to exporter Gazprom as Moscow’s dependence on its neighbour grows

    Xi Jinping and Vladimir Putin in front of their national flags
  • Sunday, 2 June, 2024
    Wally Adeyemo
    We need to put sand in the gears of the Russian war machine

    The private sector must play its part in hobbling Putin’s military-industrial complex

    Photo taken at ground level looking up at a Russian Army vehicle-mounted, multiple rocket launcher firing rockets in Ukraine
  • Thursday, 23 May, 2024
    Russia
    EU seeks to stop Russia’s imports of western luxury cars via Belarus

    Moscow is leveraging a loophole allowing Belarusian car dealers to circumvent sanctions

    A woman walks past a Lamborghini car dealership in Moscow
  • Tuesday, 14 May, 2024
    Russian politics
    Putin to visit China as Beijing plays key role in supporting Russia

    Russian and Chinese leaders to meet while Moscow intensifies its war effort in Ukraine

    Xi Jinping and Vladimir Putin making a toast
  • Sunday, 12 May, 2024
    News in-depthRussian politics
    Who is Andrei Belousov, Russia’s new defence minister?

    Putin’s appointment of pliant technocrat indicates major shift in handling of Ukraine war

    Andrei Belousov
  • Wednesday, 8 May, 2024
    War in Ukraine
    EU agrees to arm Ukraine using profits from Russian state assets

    Belgium’s central securities depository Euroclear expected to start transferring money to bloc in July

    A woman walks past the Russian Central Bank headquarters in downtown Moscow
  • Sunday, 5 May, 2024
    News in-depth
    Russian finance flows slump after US targets Putin’s war machine

    Washington’s crackdown shows its leverage over global banking system

    A montage of a picture of Vladimir Putin and Russian roubles
  • Thursday, 2 May, 2024
    Elina Ribakova
    Russia’s new economy may end up prolonging its war

    Fears of a hard landing may force the country to persist in militarisation

    People stand near images of Russian soldiers at an exhibition in Moscow this week of weapons seized by the Russian army in Ukraine
  • Sunday, 28 April, 2024
    Western business, the Kremlin and the war
    Western banks in Russia paid €800mn in taxes to Kremlin last year

    Figure represents a fourfold increase on prewar levels and comes as profits jump at European lenders still in the country

    Montage of company logos and the Kremlin
  • Tuesday, 23 April, 2024
    Agathe Demarais
    The China-Russia trade friendship may not be quite what you think

    Commercial ties between the two powers appear to be catching up from an abnormally low base

    Russian President Vladimir Putin and China’s President Xi Jinping make a toast
  • Tuesday, 23 April, 2024
    Sberbank
    Russia to cash in as Sberbank pays $8bn in dividends

    Record profits at lender will bolster state coffers to help fund war on Ukraine

    A board is on display outside an office of Sberbank in St. Petersburg
  • Tuesday, 26 March, 2024
    North Korea
    Russia supplies oil to North Korea as UN sanctions regime nears ‘collapse’

    Satellite images shared exclusively with the Financial Times point to ‘arms-for-oil’ trade between Pyongyang and Moscow

    Montage of Vladimir Putin, Kim Jong Un and satellite images
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