What Will Happen to the Key Interest Rate by Year End: Central Bank Revises Expectations
The Central Bank of Russia has significantly revised its expectations regarding the trajectory of the key interest rate while simultaneously raising its inflation forecast for the coming period. This decision…
New Certification Body to Accelerate Chinese Manufacturers’ Access to Russian Markets
In a significant development for Sino-Russian trade relations, a new certification body is being established to streamline the verification process for Chinese manufacturers seeking to export their products to Russia.…
Russian Railways Cargo Loading Expected to Decline Again in 2026
The Russian railway network faces continued challenges as industry analysts project another potential decline in cargo loading volumes for 2026. According to recent assessments, the dynamics across most major freight…
Russian Economic Center Warns of Near-Stagflation Conditions
The Center for Macroeconomic Analysis and Short-term Forecasting (CMAКP), one of Russia’s leading economic think tanks, has issued a warning about the emergence of near-stagflation conditions in the country’s economy.…
Russian Shopping Centers Lose Over a Quarter of Visitors in Seven Years
Russian shopping malls have experienced a dramatic decline in foot traffic over the past seven years, losing more than 25% of their visitors. This significant downturn has forced property owners…
Wildberries Warehouse Attack Could Cause Tens of Billions of Rubles in Damages
Russia’s largest online marketplace Wildberries is facing potentially catastrophic financial losses following attacks on two of its major logistics facilities. The warehouses located in Elektrostal, Moscow Region, and Kotovsk, Tambov…
Russian Finance Ministry to Consider Deferred Budget Credit Payments for Regions
The Russian Ministry of Finance has announced plans to explore the possibility of granting regional governments a three-year deferral on budget credit repayments. This significant proposal, which could provide substantial…
Vedomosti Consensus Forecast: Central Bank Expected to Hold Key Rate at 14.25% in July
According to the latest consensus forecast compiled by the Russian business newspaper Vedomosti, the Central Bank of Russia is anticipated to maintain its key interest rate at the current level…
Hot Beverage Sales at Russian Retailers Nearly Double as Consumers Choose Savings Over Coffee Shops
Russian consumers are increasingly turning to retail chains for their hot beverage needs, driving sales at major retailers to nearly double over the past year. This significant shift in consumer…
Russia’s Consumer Price Growth Slows to 0.17% in Second Week of July
Russia’s consumer price inflation showed signs of deceleration during the second week of July 2024, with prices rising by just 0.17% between July 7 and July 13, according to the…