Russia
Russia's machine and tool production growing fast on innovation forced by sanctions
Sanctions have spurred innovation from Russian cheese to turbines in the last few years. Now it’s the turn of precision machining in a key development for the economy.
Cryptocurrency A7A5 powers a major sanctions evasion scheme
A new report reveals details of a major sanctions evasion scheme for Russian top business executives and oligarchs based on a cryptocurrency issued by payments company A7.
Solar-plus-storage fall below those of fossil fuels - IRENA
wRenewable power paired with battery storage is becoming cost-competitive with fossil fuels for around-the-clock electricity supply, according to a new report from the International Renewable Energy Agency (IRENA).
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Russian retailer O’Key ups profit in 2025 after divesting hypermarkets
Russian retailer O’Key reported IFRS revenue of RUB80bn ($0.9bn) in 2025.
Europe funds the Ukraine conflict with debt, Russia with cash
How can Europe cover the $100bn the war in Ukraine costs? The EU just signed off on a €90bn loan for Ukraine agreed at a summit on December 19 to get it through the next two years. Europe doesn't have the cash. Russia does.
Russia’s oil revenues rebound on Middle East conflict price hike, but gains are modest
Russia’s oil and gas revenues rebounded sharply in April as surging crude prices linked to conflict in the Middle East boosted export earnings, offering the Kremlin temporary relief after months of mounting fiscal pressure.
Super El Niño threat could add to Iran war inflation shock
A growing risk of a “Super El Niño” later this year is fuelling concerns among economists and commodity traders that it will only add to the inflation shock already on the way as a result of spiking energy prices due to the Iran war.
Russia tops up its National Wellbeing Fund for the first time in almost a year
Russia has resumed rebuilding its National Wellbeing Fund for the first time in almost a year, as higher oil prices driven by tensions in the Middle East bolster the Kremlin’s export revenues and fiscal position.
Corruption overtakes Russia as Ukraine’s biggest threat - poll
Corruption has overtaken the war with Russia as the greatest perceived threat to Ukraine’s future, according to a new poll from Kyiv International Institute of Sociology (KIIS) released on May 6 that highlights mounting public frustration.
Russia is stripping out foreign-made software
Two-thirds of the software used by Russia’s regional governments is now made in Russia as a campaign to strip out foreign-made software gather momentum as part of the Kremlin’s “digital sovereign” campaign.
Czechoslovak Group shares plummet after short-seller's report
Defence conglomerate says it "strongly disagrees with the conclusions and assertions presented" in Hunterbrook report.
New report documents how Central Asian states abet Russian sanctions-busting
Georgia is Russia’s primary route in Caucasus.
Russia expanding missile arsenal vastly outpaces Ukraine
Ukraine’s army has held its own against the invading Russians with heroic success for more than four years, but the one place where the two forces have a vast mismatch is with missiles.
RAGOZIN: The Russia doomsday campaign
Stories predicting an imminent crisis in Russia do not reflect political, economic or battlefield reality.
UK imposes sanctions against recruiters of African and other migrants to fight for Russia, build drones
The sanctions “expose and disrupt the operations of those trafficking migrants as cannon fodder and feeding Putin’s drone factories with illicit components,” the UK Sanctions Minister said.
Low-carbon sources met all of 2025’s electricity demand growth - OWID
Solar and wind energy have grown quickly in recent years, but global electricity demand has grown faster. So while their share of electricity generation kept rising, it wasn't enough to push fossil fuels into absolute decline.
Russian services and manufacturing PMI both contract as economy struggles under weight of war
Russia's service sector contracted for a second consecutive month in April as weak demand, falling new orders and deteriorating client finances weighed on business activity, while the manufacturing sector extended its downturn to an eleventh month.
Slovak PM Fico confirms plans to meet Putin at WWII victory celebrations in Moscow
Isolated after Viktor Orban's election defeat in neighbouring Hungary, Robert Fico is expected to take a pragmatic approach to avoid isolation.
Moscow Exchange trading volume dives in April
MOEX reported a total trading volume of $2.1 trillion in April.
Russia turning Siberia into an AI computing hub with China as biggest customer
One of the advantages of Siberia is its freezing cold and the abundant hydropower is extremely cheap. The Kremlin is planning to turn the frozen wastes of its mythical tundra into one of the biggest AI data hubs on the planet.