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Russian economy

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Russia's economy: A balance between labour shortage and military might

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How are Russian businesses doing two years into the Ukraine conflict?

On the two year anniversary of the Russia-Ukraine war, Euronews Business looks at how Russian businesses have done in the face of various international sanctions.

24/02/2024

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Worry in Russia as egg prices soar ahead of festive season

Some Moscow residents claim egg prices have doubled, as Russia continues to battle persistent inflation and Western sanctions.

12/12/2023

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Russian consumers in a tight spot as high inflation persists

Some Russian pensioners claim they would be unable to afford rent and food without the help of their children, due to soaring levels of inflation.

24/11/2023

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Why executives of Carlsberg's Russian brewery face 10 years in prison

The alleged fraud highlights the difficulties that Western firms and their executives face in trying to leave Russia.

20/11/2023

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Boost for Putin as Russian parliament approves defence-heavy budget

Russia's defence spending is due to overtake social spending for the first time in the country's modern history, but analysts say that such measures may prove challenging in the long run.

17/11/2023

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How a dark fleet of ships is helping Russia evade oil sanctions

A dark fleet, untraceable operators, and discounts helped Russian oil trade flow despite Western sanctions in the last 18 months.

16/11/2023

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In spite of a recent dip, Russian banks face record profits this year

High interest rates took a bite out of consumer lending and took a toll on banks' profits in September.

20/10/2023

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Rouble strengthens after Putin reimposes currency controls

Moscow has imposed capital controls to prop up its currency, a similar move to the one that saved the rouble from collapsing in 2022 right after its full-scale invasion of Ukraine.

12/10/2023

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Russian rouble tumbles again, exceeding 100 to the US dollar

The rouble has been struggling for months due to the imposition of Western sanctions on Russia, hurting the bank accounts of the general population in the process.

03/10/2023

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Russian economy expected to grow despite war fallout

The country is defying expectations and weathering sanctions but an eventual slowdown is still expected.

27/09/2023

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Oil prices keep rising, experts foresee $100 a barrel

After a short pause last week, oil prices are on the rise again fuelled by Russia's temporary ban.

25/09/2023

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Russian state takes control of Carlsberg and Danone

Assets belonging to two major European companies in Russia were seized through a presidential decree signed by Vladimir Putin.

17/07/2023

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Why pulling out of Russia is no easy feat for European businesses

Many foreign companies continue to do business in Russia and are giving various explanations for this. Those who decide to withdraw from the country face a lengthy and difficult procedure.

10/05/2023

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The Global Conversation

'Putin has ruined the future of Russia', Bill Browder tells Euronews

"The war has to end. Then there have to be reparations and there has to be a democratic government before we can ever look at Russia the same again", said the Kremlin critic.

12/12/2022

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Mourners pay respects as Gorbachev lies in state

Russians on Saturday bid farewell to former Soviet leader Mikhail Gorbachev, who died earlier in the week at the age of 91.

03/09/2022

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Western sanctions force Russia to cannibalise planes for spare parts

Western sanctions mean tech on passenger aircraft cannot be updated, forcing Russia to strip grounded planes for parts to keep others flying.

08/08/2022

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For the Russian banks banned from SWIFT, are there any options left?

SWIFT is the leading system to carry out financial transactions, but it is not the only one.

03/08/2022

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Sanctions 'catastrophically crippling' Russian economy, study finds

A Yale university study has found that western sanctions and the mass exodus of global companies are "catastrophically crippling" Russia's economy.

28/07/2022

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Putin slams 'reckless, insane' sanctions and denies stoking inflation

The Russian president says his country is 'not responsible for global inflation', and the war in Ukraine gives the West an excuse to blame all its problems on Russia.

17/06/2022

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Russia says legalising crypto for payments is a matter of time

"The question is, when this happens, how it will be regulated, now that the central bank and government are actively working on it," said Russia's industry and trade minister.

19/05/2022