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.
Russia Economy
Articles on Russia's economy Page 3
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.
ExplainerRuble
Russia's capital controls: currency rules and what changed
Export proceeds, bank transfers, banknotes and investor accounts follow separate rules and effective dates.
ExplainerBudget
Russia's tax system: the 2025 reform and the 2026 VAT change
Tax bases, government allocations and payment timing explain more than a list of headline rates.
ExplainerEnergy
Russia's gas exports: pipelines, LNG and the shift away from Europe
Gas can reach a new market only through operating infrastructure, suitable contracts and commercially workable routes.
ExplainerEnergy
Russia's oil price cap and the Urals discount explained
The legal cap, the market discount and the tax reference describe different prices, with different implications for revenue.
NewsBanking
Russia's August unsecured consumer lending accelerates as corporate credit grows
The Bank of Russia's September 22 release shows faster unsecured consumer borrowing, continued corporate credit expansion and a small fall in household deposits.
NewsRuble
Russia's official dollar rate falls as October currency purchases increase
The ruble strengthened slightly between the official rates effective September 17 and October 17, while the budget-rule announcement set out larger planned currency purchases.
AnalysisEconomy
Russia's August growth estimate shows expansion without an industrial rebound
A September 30 ministry estimate points to modest GDP growth, while Rosstat's August production figures show why a broad recovery remains difficult to establish.
ExplainerBusiness
Russian industry: manufacturing, defense output and import substitution
Russia's factories face very different demand and financing conditions. Rosstat's production data, civilian output and government targets answer different questions about industrial capacity.
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.
ExplainerEconomy
Russia's labor market: low unemployment, labor shortages and wages
Russia's low unemployment rate can coexist with industrial weakness and uneven living standards. The explanation lies in labor supply, state demand and the limits of the headline measure.
ExplainerMarkets
Russian government bonds (OFZ): how the state borrows at home
Russia's domestic government bonds finance deficits and refinance maturing debt. Their pricing also shows how interest rates and fiscal policy meet.
ExplainerMarkets
The Moscow Exchange explained: markets, settlement and investor access
The Moscow Exchange connects trading with clearing and custody, while sanctions and different account rules make access depend on more than a quoted market price.
ExplainerRuble
The digital ruble explained: what launched and how the rollout works
Broader digital-ruble access began in September 2026, but the legal timetable, voluntary use and later bank and retailer deadlines remain separate questions.
ExplainerBanking
Mir cards and the Faster Payments System: how payments work in Russia
Mir, the Faster Payments System and SPFS perform different jobs, which explains how domestic payments continued after international card networks suspended operations.
ExplainerBanking
Russia's banking system: major lenders, deposits and financial risks
Russia's banks connect household savings, corporate borrowing and state finance, while concentrated ownership and restricted international access shape the risks.