Economy in focus
AnalysisBanking
Russian banks report tighter business lending conditions even as loan rates ease
The October 21 survey shows why the price of a loan and a company's ability to obtain it can move in different directions.
Evidence and context for Russia's economy
NewsBusiness
Severstal’s quarterly cash flow rebounds, but no nine-month dividend follows
NewsTrade & Sanctions
Russia’s current-account surplus grows, but export earnings are not settled cash
NewsRuble
Russia’s one-year inflation expectations fall to 13.2% as longer-term expectations rise
NewsBudget
Russia's nine-month federal deficit narrows to 5.186 trillion rubles
- 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.
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.
AnalysisEconomy
IMF sees Russia growing 0.9 percent in both 2026 and 2027 as export gains meet production limits
The IMF's October forecast puts Russian growth at 0.9 percent in 2026 and 2027. Higher commodity income does not automatically mean more real output.
NewsEnergy
Russia's September oil and gas revenue falls 22.3 percent from a year earlier
Monthly receipts improved from August but remained below the previous September, while the cumulative decline persisted.
AnalysisRuble
Russia's September inflation reaches 6.35 percent ahead of October rate meeting
Final monthly CPI and the central bank's underlying measures describe persistent pressure without determining the next policy decision.
ExplainerEconomy
Russia's regional economy: Moscow, resources and uneven growth
Regional output, household income and public finances measure different dimensions of Russia's economic geography.
ExplainerBanking
Russia's housing and mortgage market: subsidies, rates and construction
New Family Mortgage terms and the mix of subsidized lending explain why one average rate cannot describe the housing market.
Energy and commodities
Understand how prices, production and export routes connect resource markets to the wider economy.
NewsEnergy
Russia's September oil and gas revenue falls 22.3 percent from a year earlier
Monthly receipts improved from August but remained below the previous September, while the cumulative decline persisted.
ExplainerEnergy
Russia's gas exports: pipelines, LNG and the shift away from Europe
ExplainerEnergy
Russia's oil price cap and the Urals discount explained
Trade and sanctions
Track the rules, payment channels and commercial relationships shaping cross-border trade.
ExplainerTrade & Sanctions
What Russia exports: energy, metals, grain and fertilizer
Energy remains central to Russia's export earnings, alongside metals, food and chemicals. Understanding the mix requires separating prices from quantities and customs from external accounts.
NewsTrade & Sanctions
EU targets Russian oil-trade and payment networks with new listings
ExplainerTrade & Sanctions
Russia and China: trade, energy and payments explained
Understand the essentials
Start with clear guides to the institutions and forces behind the headlines.
Reference libraryExplainerEconomy
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
ExplainerBusiness
Russian industry: manufacturing, defense output and import substitution
ExplainerEconomy
Russia's labor market: low unemployment, labor shortages and wages
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
ExplainerEnergy
Russia's oil price cap and the Urals discount explained
ExplainerTrade & Sanctions
What Russia exports: energy, metals, grain and fertilizer
- 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
Partner content
Articles about companies, services and projects relevant to our economic coverage, clearly labeled and separate from editorial reporting.
All partner content
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.