Latest Economy News from Russia

Yakutia allocates nearly 2B rubles for free gasYakutia allocates nearly 2B rubles for free gas
Yakutia allocates nearly 2B rubles for free gasThe Yakutia government allocated nearly 2 billion rubles ($22.2 million at current rates) to connect over 2,000 homes to gas for free under the Social Gasification program, the Ministry of Industry and Geology announced on 4 February.
Stagnant Wages: Ryazan Incomes Slow, Recession LoomsStagnant Wages: Ryazan Incomes Slow, Recession Looms
Stagnant Wages: Ryazan Incomes Slow, Recession LoomsThe Russian labor market, including the Ryazan region, is cooling after years of rapid salary growth, with forecasts showing sharp slowdown in income growth and possible recession in 2026.
Russian Wage Growth Slows as Recession Risk GrowsRussian Wage Growth Slows as Recession Risk Grows
Russian Wage Growth Slows as Recession Risk GrowsAfter years of rapid growth, Russia's labor market is cooling, with real wage growth expected to slow to 1.2–1.7% from 2026 and the economy potentially entering recession, according to a leading macroeconomic center.
Yakutia bread prices up 4%, further hikes fearedYakutia bread prices up 4%, further hikes feared
Yakutia bread prices up 4%, further hikes fearedYakutsk Bakery Combine has raised bread prices by 4-7% starting February 5, citing rising raw material, utility, and logistics costs. Another local bakery also increased prices, with further hikes expected in April due to tax changes.
Russia imposes 1 million ruble monthly cash limitRussia imposes 1 million ruble monthly cash limit
Russia imposes 1 million ruble monthly cash limitHow the new Finance Ministry restriction will affect citizens, businesses and the banking system.
VEB.RF and Krasnoyarsk Region Agree on Drone LogisticsVEB.RF and Krasnoyarsk Region Agree on Drone Logistics
VEB.RF and Krasnoyarsk Region Agree on Drone LogisticsDuring a business mission to the region, VEB.RF Chairman Igor Shuvаlov and ASI CEO Svetlana Chupsheva signed an agreement to deploy drones in logistics, forestry, and other sectors.
Novokuznetsk budget cut 10%: where will money go?Novokuznetsk budget cut 10%: where will money go?
Novokuznetsk budget cut 10%: where will money go?Novokuznetsk's 2026 budget has been slashed by more than 10%, requiring significant cuts across nearly all sectors of the city's finances.
Putin: Prices up, inflation to dip to 5%Putin: Prices up, inflation to dip to 5%
Putin: Prices up, inflation to dip to 5%President Vladimir Putin said inflation accelerated to 6.4% in January due to tax system adjustments, but expects it to slow to 5% by year end.
Ex-CEO of Drone Factory Charged with AbuseEx-CEO of Drone Factory Charged with Abuse
Ex-CEO of Drone Factory Charged with AbuseProperty of former director Igor Khokhlov has been seized worth 20 million rubles ($222,200). He has given a confession in a case of fraud under a state defense contract.
Stop Blaming Neighbors for Rising Utility BillsStop Blaming Neighbors for Rising Utility Bills
Stop Blaming Neighbors for Rising Utility BillsMany residents believe they pay for neighbors' unpaid utility bills, but experts explain that rising costs stem from opaque calculations of common house needs (ODN) and suggest transparency and maintenance checks.
Ex-Director of Drone Firm Suspected in Defense Order FraudEx-Director of Drone Firm Suspected in Defense Order Fraud
Ex-Director of Drone Firm Suspected in Defense Order FraudFormer general director of JSC Gorizont, which produces unmanned aircraft systems, is suspected of abuse of authority while executing a state defense contract. Igor Khokhlov has given a confession, and his property has been seized.
Volgograd: Gasoline Prices Rise, Economist Explains ReasonsVolgograd: Gasoline Prices Rise, Economist Explains Reasons
Volgograd: Gasoline Prices Rise, Economist Explains ReasonsThe cost of gasoline in the Volgograd region has increased by 10.1% over the year. Economist Igor Belskikh explained the reasons for this rise.
Volgograd fuel prices soar; economist explains reasonsVolgograd fuel prices soar; economist explains reasons
Volgograd fuel prices soar; economist explains reasonsAmid rising fuel costs in Volgograd, an economist discusses the reasons and whether stability is expected in 2026.
T-Technologii to Fully Consolidate Tochka Bank by 2026T-Technologii to Fully Consolidate Tochka Bank by 2026
T-Technologii to Fully Consolidate Tochka Bank by 2026The T-Technologii group intends to acquire up to 100% of the shares of digital bank Tochka in autumn 2026. In parallel, the company has proposed a stock split in a 1:10 ratio.
Rosprirodnadzor Sues Ilim Over Environmental FeesRosprirodnadzor Sues Ilim Over Environmental Fees
Rosprirodnadzor Sues Ilim Over Environmental FeesRussia's environmental watchdog Rosprirodnadzor has filed a lawsuit against Ilim Group, seeking over 840 million rubles in payments for environmental damage in 2024.
Last Bukvin bookstore in Kurgan closingLast Bukvin bookstore in Kurgan closing
Last Bukvin bookstore in Kurgan closingThe last store of the Bukvin book chain in Kurgan is closing due to competition from online marketplaces and declining readership.
Tula Region Allocates 9.8M for Hot Water TestsTula Region Allocates 9.8M for Hot Water Tests
Tula Region Allocates 9.8M for Hot Water TestsThe Tula region will allocate 9.8 million rubles ($98,200 at current rates) for laboratory testing of hot water from boiler houses in 2026, according to a draft contract published on the state procurement portal.
Central Bank warns Perm residents about new financial pyramidCentral Bank warns Perm residents about new financial pyramid
Central Bank warns Perm residents about new financial pyramidThe Bank of Russia has placed Deep Cashback and the company behind it, 'Dobrolaif', on its warning list, citing signs of illegal activity.
STS and Melnitsa Demand Compensation from Gridnev Khleb BakerySTS and Melnitsa Demand Compensation from Gridnev Khleb Bakery
STS and Melnitsa Demand Compensation from Gridnev Khleb BakeryTV channel STS and studio Melnitsa have filed lawsuits against the Rostov bakery chain Gridnev Khleb, demanding compensation for unauthorized use of characters.
CTC and Melnitsa Sue Grindev Khleb BakeryCTC and Melnitsa Sue Grindev Khleb Bakery
CTC and Melnitsa Sue Grindev Khleb BakeryIn late January, TV channel CTC and animation studio Melnitsa filed lawsuits against the Rostov bakery chain Grindev Khleb, seeking compensation for unauthorized use of cartoon characters.
Urals Authorities Uncover Pyramid Scheme Promising Marketplace BonusesUrals Authorities Uncover Pyramid Scheme Promising Marketplace Bonuses
Urals Authorities Uncover Pyramid Scheme Promising Marketplace BonusesThe Ural branch of the Bank of Russia has discovered a company operating as a financial pyramid. Participants are offered to purchase cards with promises of large bonuses exchangeable for marketplace certificates.
Financial Pyramid Uncovered in Urals, Scheme ExplainedFinancial Pyramid Uncovered in Urals, Scheme Explained
Financial Pyramid Uncovered in Urals, Scheme ExplainedA company in the Urals region is enticing clients with bonuses exchangeable for popular marketplace certificates.
Bashkiria Leads in Workforce Drain Due to Labor MigrationBashkiria Leads in Workforce Drain Due to Labor Migration
Bashkiria Leads in Workforce Drain Due to Labor MigrationA deputy from Bashkiria commented on the labor market situation, explaining why the republic leads in residents working outside their region, with 159,700 people employed elsewhere according to Rosstat.
Maternity Capital and Benefits Rise 5.6% in Far NorthMaternity Capital and Benefits Rise 5.6% in Far North
Maternity Capital and Benefits Rise 5.6% in Far NorthSeveral key payments for families with children and beneficiaries in Russia were indexed by 5.6% starting February 1, 2026. Here's a brief overview of what increased and the new amounts.
Locals Protest Noisy Nighttime Beet Transport in Snowy BashkiriaLocals Protest Noisy Nighttime Beet Transport in Snowy Bashkiria
Locals Protest Noisy Nighttime Beet Transport in Snowy BashkiriaResidents in Bashkiria's Blagovarsky District complain about constant noise and dangerous driving from beet hauling trucks operating at night, with officials citing autumn delays and processing deadlines.