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3 mins read

Why Russia's brain drain is the biggest problem facing its economy

Russia is missing around 5 million workers - one sign that the exodus of Russians is eating away at…

Jennifer Sor   


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2 mins read

Russia's 'overheating' economy will face a sharp slowdown next year as labor and sanctions crush momentum, central bank says

Russia's central bank projects that the economy's expansion will slow sharply to 0.5% to 1.5% in 20…

Filip De Mott   


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2 mins read

Russia's economy is still raking it in, but many billions of dollars are stranded overseas

Russia's foreign financial assets rose $44.6 billion in the first seven months of this year, with a…

Huileng Tan   


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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   


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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   


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1 min read

North Korea's economy is booming thanks to its arms trade with Russia

North Korea's GDP grew 3.1% in real terms, snapping a three-year slump, the Bank of Korea reported.

Filip De Mott   


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2 mins read

Russia's business elites signal they are tired of propping up the wartime economy

Russia's key interest rate already stands at 16% and analysts polled by Reuters expect the central …

Huileng Tan   


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5 mins read

US economy's fate hangs on jobs report as Fed decides how deep cuts will go

Data on unemployment may influence how deep the Fed cuts interest rates as the US economy is at a t…

Dan DeFrancesco   


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2 mins read

Russia is looking to rein in the country's property boom as it tries to cool an overheating economy

Russia's government has shelled out about half a trillion rubles since 2020 to fund a program that …

Jennifer Sor   


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1 min read

Russia sees 'decades' of Western economic sanctions ahead, official says

Russia sees "decades" of Western sanctions ahead, a foreign ministry official said. The country is …

Kelly Cloonan   


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2 mins read

Russia's economic growth is masking a looming 'economic catastrophe,' researchers say

Russia's private sector is deteriorating while the nation pours money into its military and defense…

Jennifer Sor   


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2 mins read

The US has announced new sanctions targeting Russia's war machine — and says more are coming

The US Treasury and State Department issued 400 sanctions on individuals and entities still support…

Filip De Mott   


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2 mins read

Russia's war-driven economy is so hot that the World Bank upgraded it to a 'high-income country'

Russia's trade rebounded by nearly 7% last year, while activities in the financial sector and const…

Huileng Tan   


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2 mins read

Russia's war economy is so hot that at least 12 of its oligarchs received $11 billion in dividends over 15 months

The biggest winners from the dividend payouts were commodities exporters, Bloomberg reported.

Huileng Tan   


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1 min read

Russia is reportedly receiving shipments of dollars and euros despite sanctions and efforts de-dollarize

Russia has received $2.3 billion worth of dollar and euro bills despite sanctions since March 2022,…

Jennifer Sor   


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2 mins read

Russia is doubling pay to recruit more soldiers. But many regions can't afford it.

Vladimir Putin recently ordered the doubling of military-recruitment bonuses. It's put certain regi…

Filip De Mott   


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2 mins read

The boss of Russia's biggest bank said the country's economy is 'definitely and strongly overheated'

Russia's economy is driven by wartime activities, government subsidies that steady the economy, and…

Huileng Tan   


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2 mins read

Western sanctions are so tight that Russia and China could soon use an ancient trading system. It's worked before.

Due to US secondary sanctions, Chinese banks are now extremely cautious about processing payments f…

Huileng Tan   


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2 mins read

Russia's GDP growth slowed in Q2 while inflation continued to soar on the back of heavy state spending: report

It comes as the Kremlin battles rising inflation and warnings that the economy is overheating.

Rebecca Rommen   


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2 mins read

Putin's latest political move shows Russia's wartime economy is here to stay

Putin's appointment of a civilian economist as defense minister signals Russia's military-industria…

Huileng Tan