🇷🇺 Russia · Economy
35 storiesPutin says protecting Russia's domestic market is not protectionism
Russian President Vladimir Putin said protecting the domestic market was not protectionism. Speaking at the Delovaya Rossiya forum on October 15, he accused the most vocal opponents of protectionism of practising it themselves.
Russian government to write off nearly 3 bln rubles of Belgorod region debt
The Russian government will write off almost 3 billion rubles of the Belgorod region's budget debt under a federal programme to support regions, Prime Minister Mikhail Mishustin said, according to TASS, RIA Novosti, Kommersant and RBC. Komm…
Russia's September annual inflation reaches 6.35%; monthly prices rise 0.35%
Russia's annual inflation stood at 6.35% in September 2026, while consumer prices rose 0.35% over the month, according to reports citing Rosstat. Interfax and Kommersant put August's annual rate at 6.33%, while RBC's summary gave a conflict…
Finance Minister Siluanov says 35,000 ruble minimum wage target for 2030 will be met
Finance Minister Anton Siluanov said the presidential task of raising Russia’s minimum wage (MROT) to 35,000 rubles by 2030 will be fulfilled, speaking at parliamentary hearings in the Federation Council. He said MROT will rise to 28,935 ru…
Russia's finance minister forecasts 1.4% growth in real incomes in 2027
Finance Minister Anton Siluanov said real incomes of the Russian population will grow 1.4% in 2027, speaking at parliamentary hearings in the Federation Council. He said growth would average 2.5% a year in the following two years. Vedomosti…
Russia's nine-month federal budget deficit reaches 5.186 trillion roubles
Russia's federal budget recorded a preliminary deficit of 5.186 trillion roubles, or 2.2% of GDP, in January–September 2026, according to reports citing the Finance Ministry. Revenue rose 10% to 29.639 trillion roubles, while spending incre…
Hong Kong imports of Russian gold hit record as flows shift to China
Hong Kong's imports of Russian gold reached a record 112.7 tonnes from January to July 2026, CNBC reported, exceeding the whole of the previous year and many times the 2021 level. Russian gold accounted for almost 15% of Hong Kong's non-mon…
IMF warns global government debt set to pass 100% of world GDP
IMF Managing Director Kristalina Georgieva said global government debt is at its highest level since World War II and is likely to exceed 100% of world GDP, naming advanced economies led by the US as the worst offenders. Vedomosti reported …
France's 2026 wine output forecast at about 35 million hectolitres after heat and drought
France will produce about 34.9 million hectolitres of wine in 2026, the lowest in the 21st century, because of extreme heat and drought, Vedomosti reported, citing Reuters and a forecast by France's agriculture ministry. Champagne's product…
Siluanov: oil and gas share of Russia's budget will stay below 17% through 2029
Russian Finance Minister Anton Siluanov said the share of oil and gas revenues in the federal budget will not exceed 17% over the next three years, and that the non-oil-and-gas balance will be about 5%. Vedomosti reported he called that the…
Mishustin says Russian agricultural exports rose more than 15% by late September
Prime Minister Mikhail Mishustin said exports of Russian agricultural products (APK) rose more than 15% as of the end of September, speaking at a plenary session at the Golden Autumn 2026 exhibition. Mishustin said the government is taking …
Matviyenko says ending VAT break on delicacies could add 6 bln rubles to budget
Valentina Matviyenko, speaker of the Federation Council, said at parliamentary hearings on the 2027 federal budget draft that cancelling the reduced VAT rate on delicacy foods including oysters, lobsters, langoustines and lobsters could bri…
Russia finance minister says economy whitening plan yields 34 bln rouble budget boost
Finance Minister Anton Siluanov said the government's plan to whiten the economy is producing results, and that the National System for Confirmation of Expectations of Goods Supply (SPOT) brought the budget about 34 billion roubles in addit…
Russia's trade with CIS countries exceeded $110bn in 2025, Kremlin aide says
Presidential aide Yuri Ushakov said Russia's trade turnover with CIS countries exceeded $110 billion in 2025, and that mutual trade rose a further 12% in the first half of 2026, according to Vedomosti. He also said a stable financial infras…
Russian government to direct 1.5 bln rubles to Crimea's agriculture
The Russian government will direct 1.5 billion rubles to support Crimea's agriculture, Prime Minister Mikhail Mishustin said, according to the government press service. RIA Novosti reported Mishustin as saying the region has a state of emer…
Russia's draft 2027-2029 budget resilient to any scenario, Siluanov says
Russian Finance Minister Anton Siluanov said the draft budget for 2027-2029 is resilient to any scenario of economic development. RBC reported that he put the deficit at a safe level of about 2% of GDP over the coming three years and said s…
World Bank keeps Russia's 2026 GDP growth forecast at 0.8%
The World Bank kept its forecast for Russian economic growth in 2026 at 0.8%, according to its updated outlook for the Europe and Central Asia region. It expects growth of 0.7% in 2027 and 0.7% in 2028, slowing from 1% in 2025, citing weake…
Russia’s state grain purchases may begin in late October, agriculture minister says
Agriculture Minister Oksana Lut said state grain purchases for the intervention fund could start from late October, after the budget was agreed. She said a bank still has to be selected and elevators are being chosen, with owners so far off…
Bloomberg reports wealthy residents left Britain over tax breaks, RBC says
Bloomberg reported that over two years wealthy residents and families with combined wealth of $160bn left Britain or weakened their ties to it, RBC reported, linking the departures to the removal of tax breaks and to a worsening of London’s…
EU allocates €157 mln third tranche to Moldova under growth plan
The European Commission has allocated Moldova a third tranche of €157 million under the country's 2025-2027 economic growth plan, which has a total budget of €1.9 billion. The commission said the decision was taken at Monday's 10th EU-Moldo…