Economy in focus
NewsBanking
Three Russian banks raise October mortgage rates as September lending data arrive
Reported October offers at Gazprombank, Bank DOM.RF and PSB must be read separately from September's official mortgage volumes.
Russia Economy
NewsEconomy
Russia's September unemployment holds at 2.2 percent as the headcount edges up
NewsEconomy
Russia's September retail turnover rises 3.9 percent in real terms, but household conclusions remain limited
NewsTrade & Sanctions
Russia's grain harvest nears completion as wheat export forecasts fall
NewsBusiness
Russia's revised September car sales show 0.1 percent growth as Tenet T7 leads SUVs
- USD/RUB, official
- EUR/RUB, official
- Key rate14%
- Inflation, year over year6.35%
- Real GDP growth1%
- Unemployment2.2%
- Brent, annual average69.1 $/bbl
Values come from official sources and show their observation dates; live reference rates are indicative, not transaction quotes.
NewsEconomy
Russian firms plan smaller pay rises in 2027 while the wage productivity gap persists
The Bank of Russia's October assessment pairs more restrained wage plans with uneven staffing conditions and a still substantial productivity gap.
AnalysisBanking
Foreign-currency counterfeit detections double in Russia as ruble cases edge higher
Russian banks detected 163 counterfeit foreign banknotes in Q3 2026, compared with 81 in Q2, while detected ruble counterfeits rose to 1,302.
AnalysisRuble
Russia's cash stock reaches 22.8 trillion rubles as banknotes drive the increase
Official data put cash in circulation at 22.7843 trillion rubles on October 1, 2026, with banknotes accounting for almost all the increase.
AnalysisBusiness
Russia's September producer prices rise 2.5 percent as extraction outpaces manufacturing
Rosstat's October 21 release shows sharply different price movements across industries, making the headline increase an incomplete guide to business costs.
AnalysisRuble
Bank of Russia raises its 2027 rate forecast as the October decision leaves policy at 14 percent
The October 23 forecast points to a longer period of restrictive policy, with higher inflation in 2026 and slower projected growth in 2027.
AnalysisBanking
Russia prepares three asset-tokenization trials, with legal design still unfinished
The Finance Ministry’s October 21 announcement identifies movable property, corporate rights and commodity-exchange products as separate experimental tracks.
Energy and commodities
Understand how prices, production and export routes connect resource markets to the wider economy.
AnalysisEnergy
Russian diesel exports face a refinery capacity limit despite easing restrictions, IEA says
The IEA says refinery capacity constrains Russian diesel exports. Its October assessment separates export permissions from actual fuel production.
NewsEnergy
Russia's September oil and gas revenue falls 22.3 percent from a year earlier
ExplainerEnergy
Russia's gas exports: pipelines, LNG and the shift away from Europe
Trade and sanctions
Track the rules, payment channels and commercial relationships shaping cross-border trade.
NewsTrade & Sanctions
Russia’s current-account surplus grows, but export earnings are not settled cash
Russia’s January to August current-account surplus reached $35 billion. The monthly figures and rising trade-settlement claims explain why that is not a cash total.
ExplainerTrade & Sanctions
What Russia exports: energy, metals, grain and fertilizer
NewsTrade & Sanctions
EU targets Russian oil-trade and payment networks with new listings
Understand the essentials
Start with clear guides to the institutions and forces behind the headlines.
Reference library
ExplainerEconomy
Russia's regional economy: Moscow, resources and uneven growth
ExplainerBanking
Russia's housing and mortgage market: subsidies, rates and construction
ExplainerRuble
Russia's capital controls: currency rules and what changed
ExplainerBudget
Russia's tax system: the 2025 reform and the 2026 VAT change
ExplainerEnergy
Russia's oil price cap and the Urals discount explained
ExplainerBusiness
Russian industry: manufacturing, defense output and import substitution
Explore the data
Compare currencies, purchasing power and economic indicators, or trace major events through time.
- Ruble converterConvert between the ruble and supported currencies using dated official Bank of Russia rates. These are reference values, not offers to exchange money.
- Inflation calculatorCompare the national consumer-price purchasing power of a ruble amount between selected years. Completed years use December prices; the 2026 endpoint uses the latest supported month.
- Economic indicatorsRead Russia’s main economic indicators with their units, periods and sources. Annual observations, monthly releases and official live reference values measure different things.
- Economic timelineTrace major developments in Russia’s economy from the end of the Soviet period to October 16, 2026. Search the events and follow related explainers for the wider context.
The longer perspective
Use historical reporting and reference material to put policy changes and economic shocks in context.
ExplainerEnergy
Russia's gas exports: pipelines, LNG and the shift away from Europe
ExplainerTrade & Sanctions
What Russia exports: energy, metals, grain and fertilizer
ExplainerEconomy
Russia's labor market: low unemployment, labor shortages and wages
- 2026The EU lists additional people and entities over sanctions circumvention
- 2026September consumer-price data are released
- 2026Preliminary nine-month budget execution is reported
- Full timeline
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Partner contentCoursera
Using Coursera to build skills for reading economic evidence
Online courses can support statistical skills, but readers need to check course scope, access restrictions and what a certificate means.
Partner contentOpenSanctions
How OpenSanctions supports sanctions research and identity checks
The database connects public records, but a name match or relationship is not a legal ruling about a person or transaction.
Partner contentDBnomics
How DBnomics helps researchers find and assess economic data
The free data platform simplifies retrieval, while definitions, revisions and source limitations remain the researcher's responsibility.