Latest Economy News from Russia

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.
New large market prepares to open in KurganNew large market prepares to open in Kurgan
New large market prepares to open in KurganA market located behind the Nekrasovskaya Fair in Kurgan may open this year. Its opening has been delayed for several years.
Composite Valley Center Tula Costs 5 Billion RublesComposite Valley Center Tula Costs 5 Billion Rubles
Composite Valley Center Tula Costs 5 Billion RublesThe construction of a scientific center for the Composite Valley cluster in Tula will cost 5 billion rubles, as announced at a higher education council meeting.
Snowfalls Soften Frost for Don CropsSnowfalls Soften Frost for Don Crops
Snowfalls Soften Frost for Don CropsHeavy snowfalls in the Rostov region have provided additional soil moisture and protected winter crops from damaging frosts, according to regional Agriculture Minister Anna Kasyanenko.
Snowfall Protects Rostov Winter Crops from FrostSnowfall Protects Rostov Winter Crops from Frost
Snowfall Protects Rostov Winter Crops from FrostHeavy snowfall in Rostov Oblast protected winter crops from severe frosts, according to regional Agriculture Minister Anna Kasyanenko. Soil moisture levels are higher this year.
Mortgage in January 2026: Record 430 Billion Rubles
Mortgage in January 2026: Record 430 Billion RublesIn January 2026, the Russian mortgage market achieved record results: the volume of loans issued reached 430 billion rubles (approximately $4.8 billion at current rates) according to VTB estimates. The figure tripled compared to January last year.
Murmansk Oblast Raises Unemployment BenefitsMurmansk Oblast Raises Unemployment Benefits
Murmansk Oblast Raises Unemployment BenefitsFrom February, unemployment benefits in Murmansk Oblast were indexed by 5.6%, raising financial support for registered job seekers.
Rostov sheep farming shifts to meat productionRostov sheep farming shifts to meat production
Rostov sheep farming shifts to meat productionThe sheep population in the region decreased by 37.5% over the year, reaching 486,400 head. The main reason is the lack of demand for wool.
Wool Unwanted: Sheep Farming Slashed in RostovWool Unwanted: Sheep Farming Slashed in Rostov
Wool Unwanted: Sheep Farming Slashed in RostovSheep numbers in the Rostov region have more than halved in six years, driven by a sharp drop in wool demand.