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Russia's worker shortage is so bad the economy is leaning on the Soviet-era practice of using prison labor, think tank says

Thu, 11/23/2023 - 09:30

Tech Insider : Economy

Russian penal colony — Security worker walks by the gate of a penal colony in Vladimir, Russia.
Kirill Zarubin/AP Photo

economy, Markets, russian-economy, russia-ukraine-war, worker-shortage, prison-labor, soviet-union

Russia rolls out currency controls in a bid to revive the ruble, which has cratered against the dollar this year

Thu, 10/12/2023 - 07:07

Russia ruble ATM — Russia brought back some currency controls late Wednesday, in a bid to prop up the slumping ruble.
SOPA Images/Getty Images

Markets, mi-exclusive, Currencies, Russia, Ukraine, ukraine-war, Ruble

Russia is using China's yuan to settle 25% of its trade with the rest of the world, report says

Thu, 09/28/2023 - 07:38

Russian President Vladimir Putin and Chinese President Xi Jinping attend a reception at the Kremlin in Moscow, Russia March 21, 2023. — Vladimir Putin and Xi Jinping attending a reception at the Kremlin in March.
Sputnik/Pavel Byrkin/Kremlin via REUTERS

Markets, mi-exclusive, Markets, De-Dollarization, dedollarization, us-dollar, china-yuan

Russia hikes rates to 13% in scramble to lower inflation and prop up the sagging ruble

Fri, 09/15/2023 - 10:18

putin — Russian President Vladimir Putin takes part in a news conference after an EU-Russia Summit in Brussels January 28, 2014. Putin said on Tuesday it would honor its obligations to lend Ukraine $15 billion and reduce its gas prices even if the opposition formed the next government.
REUTERS/Yves Herman

Markets, russian-economy, russia-inflation, Putin, vladimir-putin, ukraine-war, russia-ukraine-war

Russia is getting richer again, thanks to soaring oil prices

Thu, 09/14/2023 - 05:21

Tech Insider : Economy, Economy

Putin — Russian President Vladimir Putin.
(Photo by ALEXANDER KAZAKOV/SPUTNIK/AFP via Getty Images)

economy, Markets, economy, Russia, ukraine-war, Commodities, Oil

There are 5 things the West could do to put even more pressure on Russia's struggling economy, think tank says

Mon, 09/11/2023 - 10:08

Tech Insider : Economy

Russia Vladimir Putin — Russia's economy has been buffered by attempts to evade West's economic sanctions, according to researchers from a US-based think tank.
AP

economy, Markets, mi-exclusive, russia-economy, russian-economy, Putin, ukraine-war

Russia is becoming increasingly dependent on Chinese banks as its yuan borrowings more than quadruple

Mon, 09/04/2023 - 05:55

Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping during a welcome ceremony before Russia - China talks in narrow format at the Kremlin in Moscow, Russia March 21, 2023. — Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping during a welcome ceremony before Russia - China talks in narrow format at the Kremlin in Moscow, Russia March 21, 2023.
Sputnik/Sergei Karpukhin/Pool via

Markets, Markets, mi-exclusive, dedollarization, Currencies, Loans, De-Dollarization

EU officials say sanctions against Russia have had 'hard tangible effects,' and that the country's future is bleak

Tue, 08/29/2023 - 12:41

Tech Insider : Economy

putin — Alexei Druzhinin/Reuters

economy, Markets, russia-economy, russian-economy, ukraine-war, Putin, Moscow

A sushi crunch is capturing Russia's worsening economic woes

Sun, 08/20/2023 - 09:48

Tech Insider : Economy, Economy

Line of sushi. — Neptunes Taphouse and Eatery.
Neptunes Taphouse and Eatery/Yelp

economy, economy, Russia, russian-economy, Ruble, Inflation, Forex

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