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Russian Economy

All articles tagged with #russian economy

Ukrainian Drone Strikes on Russian E-Commerce Giants Force Workers and Sellers to Absorb Massive Losses
economy1 day ago

Ukrainian Drone Strikes on Russian E-Commerce Giants Force Workers and Sellers to Absorb Massive Losses

Ukrainian drone strikes on Russian e-commerce giants Wildberries and Ozon have devastated warehouse workers and third-party sellers since July 2026. While employees face daily air raid alerts and inadequate safety protocols, sellers report millions in rubles of lost inventory with minimal compensation. The Russian government is shifting the burden of infrastructure protection onto private businesses through tax incentives and insurance mandates, rather than providing direct state support.

Russian Industry Demands State Support as Drone Strikes Expose Air Defense Gaps
geopolitics1 day ago

Russian Industry Demands State Support as Drone Strikes Expose Air Defense Gaps

Russian officials and business leaders admit that current air defenses cannot fully protect industrial infrastructure from Ukrainian drone strikes. While Moscow has shifted the burden of protection to the private sector, companies are now demanding state insurance and tax incentives to manage the rising costs of defense and reconstruction.

Russian Election Mandate Fuels Escalation Amid Deepening Domestic Crises
geopolitics24 days ago

Russian Election Mandate Fuels Escalation Amid Deepening Domestic Crises

Vladimir Putin’s United Russia party secured a supermajority in recent parliamentary elections, providing the Kremlin with renewed legitimacy to escalate the war in Ukraine. While the Kremlin projects strength through aggressive military posturing and internal repression, independent polling reveals a sharp decline in public support for the conflict and growing anxiety over economic hardship, fuel shortages, and internet restrictions. The regime is now pursuing a strategy of 'conflict conveyor belt' escalation, including potential winter attacks on Ukraine’s power grid, while facing diminishing returns from its mobilization tactics and a lack of viable diplomatic off-ramps from the United States.

Kremlin Envoy Warns Russia's Economy Risks 'Berserk' Collapse Under War Pressure
geopolitics1 month ago

Kremlin Envoy Warns Russia's Economy Risks 'Berserk' Collapse Under War Pressure

Boris Titov, a high-ranking Russian envoy, warned that the Russian economy risks spiraling out of control if it shifts entirely to a military footing. He described such a shift as a temporary 'berserk mode' that could destabilize the broader economy. This rare public concern from Kremlin circles highlights growing tensions between war hawks and technocrats over the sustainability of current fiscal policies.

Ukraine’s August 2026 Strikes Target Russian Airfields and Economy
military-and-geopolitics1 month ago

Ukraine’s August 2026 Strikes Target Russian Airfields and Economy

Ukrainian forces intensified long-range strikes against Russian airfields, drone launch sites, and economic infrastructure in late August 2026. Key targets included the Yeysk and Millerovo airfields in Russia’s border regions, where Ukrainian forces destroyed air defense systems, radar networks, and ammunition depots. Simultaneously, strikes on Russian marketplaces and oil refineries have severely impacted Moscow’s logistics and revenue. On the ground, Ukrainian infantry advanced in the Kupyansk direction after suppressing Russian drone capabilities, while Russian forces failed to make significant gains in Kharkiv and Donetsk oblasts.

Ukraine Strikes Nuclear-Capable Bomber in Russia as Fiscal Crisis Deepens
geopolitics1 month ago

Ukraine Strikes Nuclear-Capable Bomber in Russia as Fiscal Crisis Deepens

Ukrainian forces struck a Tu-95MS strategic bomber at the Engels-2 Airbase in Saratov Oblast on August 28, 2026, according to President Volodymyr Zelensky. Satellite imagery confirms damage to the aircraft, which Russia uses to launch cruise missiles against Ukraine. This strike coincides with reports of a severe Russian budget shortfall and ongoing Ukrainian attacks on oil refineries, which have reduced Russian refining volumes to a 20-year low.

Ukraine expands drone campaign to Ozon after Wildberries, hitting 16 targets in 24 hours
economyorbusiness-and-economy1 month ago

Ukraine expands drone campaign to Ozon after Wildberries, hitting 16 targets in 24 hours

Ukraine launched a massive drone barrage across Russia and occupied Donbas, killing at least 12 people and damaging key economic infrastructure. The strikes targeted Wildberries and Ozon logistics hubs, Lukoil’s NORSI refinery, and military sites, with Kyiv claiming 16 hits in a single day. Ozon shares dropped nearly 30% as the campaign expanded from Wildberries to its rival, signaling a new phase of economic warfare against Russia’s e-commerce sector.

Coercive Recruitment and Mobilization Fears Grip Russia as War Attrition Deepens
geopolitics1 month ago

Coercive Recruitment and Mobilization Fears Grip Russia as War Attrition Deepens

Russian authorities are facing a recruitment crisis, leading to reports of coercive tactics against civilians to fill military quotas. While the Kremlin denies plans for a new mass mobilization, human rights groups document a surge in forced enlistments, particularly in the Penza region. These tactics include street detentions, drug planting, and targeting vulnerable individuals, driven by dwindling voluntary contract sign-ups and high casualty rates.

Moscow Reinstates Fuel Caps as Ukraine Strikes Trigger Second Wave of Shortages
energy2 months ago

Moscow Reinstates Fuel Caps as Ukraine Strikes Trigger Second Wave of Shortages

Moscow has reinstated 60-liter gasoline purchase limits at Gazprom Neft stations, marking a 'second wave' of fuel rationing. This follows a brief easing of restrictions in August, driven by persistent shortages from Ukrainian drone strikes on refineries. While officials claim stabilization, availability remains critically low in many regions.

Ukraine's Drone Campaign Disrupts 70% of Russia's Largest E-Commerce Logistics Network
geopolitics2 months ago

Ukraine's Drone Campaign Disrupts 70% of Russia's Largest E-Commerce Logistics Network

Ukraine has struck seven of the ten largest warehouses belonging to Wildberries, Russia's dominant online retailer, in a month-long campaign that began in July. The latest attacks, which included a 250,000-square-meter facility in the Moscow region, have forced the company to reroute supply chains and consider layoffs. Kyiv justifies the strikes by alleging Wildberries supplies drone components and navigation equipment to the Russian military. The campaign has caused billions of dollars in economic damage, exposing vulnerabilities in Russia's air defense and pressuring state banks that hold significant loans to the retailer.

Ukraine targets Wildberries to strain Russia’s economy
world2 months ago

Ukraine targets Wildberries to strain Russia’s economy

Ukraine has been striking Wildberries’ warehouses across Russia, including in Yekaterinburg and Voronezh, as part of an effort to disrupt the Russian economy and military logistics. Wildberries, Russia’s largest online retailer with hundreds of warehouses and tens of thousands of partners, plays a central role in consumer shopping and distribution. Kyiv argues the strikes hit military-capacity via dual-use goods, while Moscow denies arming the war and says the attacks will hardly curb Russia’s war readiness, though they push the company to decentralize logistics and raise costs. The company’s vast network means disruption is often localized and not a decisive strategic blow.

Kremlin weighs rescue package for Russia’s online retailer after Ukrainian drone strikes
world2 months ago

Kremlin weighs rescue package for Russia’s online retailer after Ukrainian drone strikes

Ukraine’s drone strikes on Wildberries’ warehouses have forced Moscow to consider government backing for the online retailer, likely through state banks like VTB, to avert wider financial damage. Kyiv says it is targeting Wildberries for aiding Russia’s war effort and has pressed for prosecutor action against Belarus’s Lukashenko; the episode highlights the war’s spillover into Russia’s economy and banking sector amid sanctions and diplomacy efforts.

Baltic states push EU to fast-track Russian oil ban
europe3 months ago

Baltic states push EU to fast-track Russian oil ban

Estonia, Latvia and Lithuania urged Brussels to fast-track the EU’s phased ban on Russian oil, arguing that Russian energy exports fund Moscow’s war in Ukraine; while the Commission pledged to bring forward the proposal, talks have stalled amid Middle East tensions and fears of an energy crunch. Poland backs a year-end move, but some members like Hungary and Slovakia may resist due to price concerns.

Absence fuels succession chatter around Russia’s central bank
business4 months ago

Absence fuels succession chatter around Russia’s central bank

Elvira Nabiullina’s prolonged public absence has sparked speculation about who would succeed her when her term ends next June, with officials weighing a potential shake-up of the Bank of Russia’s powers and possible successors such as Maxim Oreshkin or Pyotr Fradkov. Nabiullina returned to cut the key rate to 14.25%, but Putin’s backing remains unclear on whether she stays, as Moscow contends with the wartime economy, inflation pressures and sanctions.

Nabiullina’s public absence fuels questions about Russia’s central bank future
world4 months ago

Nabiullina’s public absence fuels questions about Russia’s central bank future

Elvira Nabiullina, head of Russia’s central bank, has not been seen in public for almost three weeks. The bank says she is on sick leave but will attend a 19 June press conference after a board meeting, prompting speculation she could be stepping down as she nears the end of her term. Once praised for shielding the economy amid the Ukraine war and Western sanctions, Nabiullina’s absence comes as Russia’s monetary policy and leadership face renewed scrutiny.