Russia inflation slows to 5.59% in 2025, lowest in 5 years
Russia’s annual inflation rate has slowed to its lowest level in five years, according to data from the country’s central […]
Russian economy
Ruble Surges 45 Ahead of Other Global Currencies
The Russian ruble has experienced a significant surge in value this year, outperforming other major global currencies and marking its
China Buys Record Russian Gold Amid De-Dollarization Efforts
China’s gold imports from Russia surged to a record high in November, with shipments valued at $961 million, according to
Russia targets shadow economy with new measures
The Russian government has announced plans to introduce new measures to combat the shadow economy, with a focus on eliminating
Russia leads Europe in crypto transactions with $376 billion
Russia has emerged as Europe’s largest cryptocurrency market by transaction volume, surpassing the UK and Germany, according to a report
Russia crude exports remain near peak levels despite US pressure
Russia’s seaborne crude exports have remained near a 16-month high, with average daily shipments holding steady at 3.62 million barrels
Russia raises VAT by 2% to lower budget deficit
Russia’s Finance Minister, Anton Siluanov, has announced a 2% increase in the country’s value added tax (VAT) to reduce the
Russia VAT rate may rise to 22% in 2026
Russia’s Finance Ministry has proposed increasing the value-added tax rate to 22% in 2026, aiming to boost revenue for defense
Russia proposes 5% tax on gambling stakes and higher VAT
The Russian Finance Ministry has unveiled a draft budget plan that introduces a new gambling tax and increases the standard
Russia Economy Slows But Not in Recession
Russia’s central bank governor, Elvira Nabiullina, has stated that the country is not experiencing a recession, despite a slowdown in
Russia Reopens China Bond Market with Rosatom Gazprom
Beijing is set to reopen its domestic bond market to major Russian companies, including Rosatom and Gazprom, allowing them to
Russia UAE Agree Major Economic Deal
Russia and the United Arab Emirates (UAE) have signed a significant economic agreement aimed at boosting bilateral trade and investment.