Latest Economy News from Russia

Kuzbass Authorities Cannot Regulate Cucumber PricesKuzbass Authorities Cannot Regulate Cucumber Prices
Kuzbass Authorities Cannot Regulate Cucumber PricesCucumbers in Kuzbass stores have become nearly 1,000 rubles ($10 at current rates), but authorities say they cannot regulate prices.
Kuzbass Freezes Public Sector Salaries Amid Coal CrisisKuzbass Freezes Public Sector Salaries Amid Coal Crisis
Kuzbass Freezes Public Sector Salaries Amid Coal CrisisKuzbass authorities have confirmed that public sector salaries will not be indexed in 2026 due to the region's financial crisis caused by the coal industry downturn.
Number of poor falls to 74,200 in Arkhangelsk OblastNumber of poor falls to 74,200 in Arkhangelsk Oblast
Number of poor falls to 74,200 in Arkhangelsk OblastIn 2024, 74,200 people in Arkhangelsk Oblast lived below the subsistence minimum, a decrease from the previous year, according to Arkhangelskstat.
Cucumbers in Omsk exceed 300 rubles per kilogramCucumbers in Omsk exceed 300 rubles per kilogram
Cucumbers in Omsk exceed 300 rubles per kilogramIn the Omsk region of Russia, fresh cucumber prices jumped to 332 rubles per kilogram, a week-over-week increase of 11.3%.
FAS to check bread prices in VolgogradFAS to check bread prices in Volgograd
FAS to check bread prices in VolgogradThe antimonopoly service has launched a check of prices on bakery products in Volgograd. In the future, the department plans to control the cost of other socially significant goods.
Ryazan vegetable price surge makes healthy eating costlierRyazan vegetable price surge makes healthy eating costlier
Ryazan vegetable price surge makes healthy eating costlierCucumbers saw the sharpest price increase.
Saratov spent over 65 billion rubles on officialsSaratov spent over 65 billion rubles on officials
Saratov spent over 65 billion rubles on officialsOver 60 billion rubles were spent in 2024 on salaries and related accruals for Saratov region state employees and institution staff, according to the finance ministry.
UAC to Sign 90 MC-21 Aeroflot Deal in 2026UAC to Sign 90 MC-21 Aeroflot Deal in 2026
UAC to Sign 90 MC-21 Aeroflot Deal in 2026United Aircraft Corporation (UAC) plans to sign a contract in the first quarter of 2026 to supply Aeroflot with 90 MC-21 aircraft, following an initial agreement for 18 planes.
FAS to Check Bread Prices in VolgogradFAS to Check Bread Prices in Volgograd
FAS to Check Bread Prices in VolgogradThe Federal Antimonopoly Service (FAS) is investigating bread pricing in Volgograd. The agency says it will also examine prices of other staple goods in the future.
Marketplace Competition Closes Popular Hypermarket in TolyattiMarketplace Competition Closes Popular Hypermarket in Tolyatti
Marketplace Competition Closes Popular Hypermarket in TolyattiThe Leonardo hypermarket for hobby and craft supplies in Tolyatti closed on February 1, with customers directed to Samara, as online marketplaces are blamed for the shutdown.
Volgograd Bar Closes After Less Than Three MonthsVolgograd Bar Closes After Less Than Three Months
Volgograd Bar Closes After Less Than Three MonthsThe bar "Mom, I'll Be Late" in Volgograd has been listed for sale at 5.99 million rubles (~$66,600 at current rates). Its owners invested 22 million rubles (~$244,400 at current rates) in the business.
Farm grid fee slashed 20-fold by antimonopoly serviceFarm grid fee slashed 20-fold by antimonopoly service
Farm grid fee slashed 20-fold by antimonopoly serviceAntimonopoly service reduced the connection fee for a farming enterprise in the Kurgan region from 829,600 rubles to 46,300 rubles after finding violations.
Chulman risks heat loss as RusHydro closes plantChulman risks heat loss as RusHydro closes plant
Chulman risks heat loss as RusHydro closes plantThe Ministry of Housing and Utilities of Yakutia is seeking alternative heat sources after RusHydro announced the closure of the Chulman Thermal Power Plant by June 2027, threatening heat supply to over 7,000 residents.
Scandalous Volgograd Bar Closes After Three MonthsScandalous Volgograd Bar Closes After Three Months
Scandalous Volgograd Bar Closes After Three MonthsThe controversial bar 'Mama, I'll Be Late' in central Volgograd has closed and is being sold for the price of a one-bedroom apartment — 5.99 million rubles (about $66,600).
Abroad Won't Help: Drug Prices Soar in Russia – Experts Explain WhyAbroad Won't Help: Drug Prices Soar in Russia – Experts Explain Why
Abroad Won't Help: Drug Prices Soar in Russia – Experts Explain WhyDrug prices in Russia soared in 2025, with some medicines rising by over 50%. Experts explain the reasons and what to expect next.
What Are the Million-Dollar NFTs Worth Now?What Are the Million-Dollar NFTs Worth Now?
What Are the Million-Dollar NFTs Worth Now?The NFT market has experienced a massive crash, and many digital assets bought for millions have sharply depreciated. Only a few projects that managed to turn into sustainable brands survived.
Kuzbass State Debt Hits Record HighKuzbass State Debt Hits Record High
Kuzbass State Debt Hits Record HighThe Kemerovo region's state debt increased by nearly 10 billion rubles in one month, reaching a new record of 128.3 billion rubles.
State Duma Proposes Heating Bill InstallmentsState Duma Proposes Heating Bill Installments
State Duma Proposes Heating Bill InstallmentsState Duma Deputy Dmitry Gusev has proposed allowing pensioners and large families to pay for heating in installments over up to six months, while retaining the option of full payment at any time.
Primorye takes $30 million loan for budget deficitPrimorye takes $30 million loan for budget deficit
Primorye takes $30 million loan for budget deficitPrimorsky Krai is forced to take a 3 billion ruble loan (approximately $30 million at current rates) to finance its 2026 budget deficit, as regional expenses have exceeded revenues.
Russia Considers Belarus Dairy ImportsRussia Considers Belarus Dairy Imports
Russia Considers Belarus Dairy ImportsRussia's dairy industry hit a 30-year production record, but competition from cheaper Belarusian imports raises concerns about food security and support for domestic farmers.
Rising Book Prices in Russia Hit Kurgan ReadersRising Book Prices in Russia Hit Kurgan Readers
Rising Book Prices in Russia Hit Kurgan ReadersWe asked book lovers in Kurgan how they are coping with rising prices for printed books as costs increase due to paper, printing, VAT, and piracy.
Kuzbass Coal Industry Strategy Discussed with VEB.RFKuzbass Coal Industry Strategy Discussed with VEB.RF
Kuzbass Coal Industry Strategy Discussed with VEB.RFAt a strategic session in Kemerovo, Governor Ilya Seredyuk and VEB.RF Chairman Igor Shuvalov discussed key directions for the coal industry's development and ways to boost efficiency.
No Tax on Rental Apartments? It's a Trap!No Tax on Rental Apartments? It's a Trap!
No Tax on Rental Apartments? It's a Trap!The Federal Tax Service has published clarifications on how individual entrepreneurs can avoid property tax on rental apartments. However, the seemingly small savings can lead to much larger tax liabilities in the future.
Cucumber prices surge 6.3% in Russia over week
Cucumber prices surge 6.3% in Russia over weekCucumbers led consumer price growth in Russia in the last week of January, according to Rosstat data from 4 February. Overall inflation from 27 January to 2 February was 0.20%.
New tourism complex on Volga's right bankNew tourism complex on Volga's right bank
New tourism complex on Volga's right bankIn 2027, a new tourism complex is planned on the right bank of the Volga in Samara Oblast, with funding from federal and regional budgets after winning a competition.