Latest Economy News from Russia

Consumer Optimism: Russians Spent More in December, Not Just for HolidaysConsumer Optimism: Russians Spent More in December, Not Just for Holidays
Consumer Optimism: Russians Spent More in December, Not Just for HolidaysRussian spending in December 2025 showed serious growth even when inflation is excluded, experts report.
Russians' December spending jumps 10.8% year-on-yearRussians' December spending jumps 10.8% year-on-year
Russians' December spending jumps 10.8% year-on-yearIn December 2025, Russians spent 8.4 trillion rubles ($84 billion at current rates), a 10.8% increase from the previous year, with significant growth even after adjusting for inflation.
Gasoline Prices Unchanged in Chita for Past WeekGasoline Prices Unchanged in Chita for Past Week
Gasoline Prices Unchanged in Chita for Past WeekGasoline and diesel prices have not increased in Chita over the past week, according to a survey by the local news outlet.
Parents of students may get tax deduction regardless of incomeParents of students may get tax deduction regardless of income
Parents of students may get tax deduction regardless of incomeA State Duma deputy has proposed eliminating income restrictions for tax deductions for parents of full-time students, which could simplify administration and address fairness concerns.
Medical Workers in Zabaykalsky Krai Miss Annual Bonuses Due to Lack of Federal FundsMedical Workers in Zabaykalsky Krai Miss Annual Bonuses Due to Lack of Federal Funds
Medical Workers in Zabaykalsky Krai Miss Annual Bonuses Due to Lack of Federal FundsMedical workers in Zabaykalsky Krai's compulsory health insurance system did not receive their annual bonuses for 2025 due to a lack of federal funds, and they may not get them in 2026 either.
New Central Bank Powers Threaten Visa and Mastercard BlockingNew Central Bank Powers Threaten Visa and Mastercard Blocking
New Central Bank Powers Threaten Visa and Mastercard BlockingA new bill granting the Bank of Russia authority to limit bank card validity could lead to the blocking of millions of Visa and Mastercard cards and increased costs, sparking a dispute with banks.
Over a Thousand Rubles for Basic Items: Grocery Shopping Costs in NovosibirskOver a Thousand Rubles for Basic Items: Grocery Shopping Costs in Novosibirsk
Over a Thousand Rubles for Basic Items: Grocery Shopping Costs in NovosibirskA shopping trip for ten basic food items in Novosibirsk costs an average of 1,215 rubles ($14). NGS checked prices before an upcoming VAT increase.
Russia to simplify utility bill reductions for service disruptionsRussia to simplify utility bill reductions for service disruptions
Russia to simplify utility bill reductions for service disruptionsThe Russian government is preparing to introduce automatic recalculation of utility bills for poor-quality services or excessive interruptions. The change would move to a no-application system based on meter readings.
Why Microloan Borrowing Halved in Kurgan OblastWhy Microloan Borrowing Halved in Kurgan Oblast
Why Microloan Borrowing Halved in Kurgan OblastThe Bank of Russia reported that microloan issuance in Kurgan Oblast dropped by half from January to September 2025, attributed to new credit restrictions aimed at reducing over-indebtedness.
Ufa Included in Global Most Expensive Cities RankingUfa Included in Global Most Expensive Cities Ranking
Ufa Included in Global Most Expensive Cities RankingUfa has been included in a worldwide list of the most expensive cities to live in, with several Swiss cities leading the ranking.
Coffee Prices Soar in Arkhangelsk: Time for Tea or Chicory?Coffee Prices Soar in Arkhangelsk: Time for Tea or Chicory?
Coffee Prices Soar in Arkhangelsk: Time for Tea or Chicory?A blow to the wallet awaits shoppers in stores and coffee shops.
Altai Krai to increase one-time childbirth allowanceAltai Krai to increase one-time childbirth allowance
Altai Krai to increase one-time childbirth allowanceIn Altai Krai, the one-time childbirth allowance will be increased, with payments for employed parents handled automatically by employers.
State Price Committee Explains Yakutia Utility Tariff IncreaseState Price Committee Explains Yakutia Utility Tariff Increase
State Price Committee Explains Yakutia Utility Tariff IncreaseThe cost of housing and communal services will increase by another 15% this year.
Russia to raise unemployment benefits from February 2026Russia to raise unemployment benefits from February 2026
Russia to raise unemployment benefits from February 2026The maximum monthly unemployment payout will increase to 15,886 rubles (about $177) starting February 1, 2026, as announced by the Ministry of Labour and Social Protection.
Top 3 Professions Earning Over 150,000 Rubles Monthly in YakutiaTop 3 Professions Earning Over 150,000 Rubles Monthly in Yakutia
Top 3 Professions Earning Over 150,000 Rubles Monthly in YakutiaShift workers in Yakutia have seen their salaries rise by up to 58% in a year, with industrial and technical jobs leading the way, according to employment platform data.
Salaries Up to 170,000: Top-Paying Blue-Collar Jobs in PrimoryeSalaries Up to 170,000: Top-Paying Blue-Collar Jobs in Primorye
Salaries Up to 170,000: Top-Paying Blue-Collar Jobs in PrimoryeIn Primorye, concrete workers are now the highest-paid blue-collar professionals, with average monthly salaries reaching 171,300 rubles (approximately $1,700 at current rates) in 2025.
Coffee prices soar in Russia, raising cost per cupCoffee prices soar in Russia, raising cost per cup
Coffee prices soar in Russia, raising cost per cupConsumers face higher costs as coffee prices surge in Russian stores and cafes, impacting daily budgets.
ZabSU Students Develop Robotic Excavator PrototypeZabSU Students Develop Robotic Excavator Prototype
ZabSU Students Develop Robotic Excavator PrototypeStudents at Zabaikalsky State University have completed the main phase of work on a robotic excavator prototype, which will be tested in the region's coal mines and quarries.
Federal ministry upholds unrealistic export targets for Rostov regionFederal ministry upholds unrealistic export targets for Rostov region
Federal ministry upholds unrealistic export targets for Rostov regionRussia's Agriculture Ministry has refused to adjust inflated export targets for the Rostov region and has even raised them for the coming year. The region's government says it missed last year's $7.1 billion goal by a wide margin.
Moscow didn't understand: Rostov region stuck with failed export planMoscow didn't understand: Rostov region stuck with failed export plan
Moscow didn't understand: Rostov region stuck with failed export planThe Russian Ministry of Agriculture has refused to revise the agricultural export targets for the Rostov Region, even increasing the goal for 2026 after a significant shortfall last year.
Who pays the most taxes into the Voronezh Region budgetWho pays the most taxes into the Voronezh Region budget
Who pays the most taxes into the Voronezh Region budgetThe budget of Voronezh Region has grown steadily over the last five years, with tax payments playing a crucial role. The main contributors to the regional treasury are identified in this ranking of the top 50 companies.
Tax Hikes May Normalize Envelope Salaries in ArkhangelskTax Hikes May Normalize Envelope Salaries in Arkhangelsk
Tax Hikes May Normalize Envelope Salaries in ArkhangelskThe graying of incomes indicates serious challenges for both employees and employers in the region.
What Payments Await Russians Who Never WorkedWhat Payments Await Russians Who Never Worked
What Payments Await Russians Who Never WorkedA senator has detailed the social pension available to Russians who have never held an official job, citing specific amounts set to take effect in 2026.