Latest Economy News from Russia

Volgograd Residents Discuss Price Increases: 'Money Is Just Paper'After the New Year holidays, many Volgograd residents faced rising prices for products and services, but some townspeople see nothing unusual in this.

Feb 2, 2026

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Yakutia to See 15% Utility Rate Increase from OctoberResidents of Yakutia will face two utility rate hikes in 2026, with a second increase of up to 15% set for October, local officials said.

Feb 2, 2026

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Volgograd Residents Horrified by Post-New Year Price HikesBut some residents say they haven't noticed any changes in price tags.

Feb 2, 2026

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Ministry of Natural Resources reports on minerals mined in Altai KraiThe regional Ministry of Natural Resources has listed silver and gold as among the primary minerals extracted in Altai Krai.

Feb 2, 2026

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Voronezh Region Tightens Rules for Unified Child BenefitFrom 2026, the income threshold for families to qualify for the unified child benefit will be significantly higher in Voronezh Region, aligning with nationwide changes.

Feb 2, 2026

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Russians Report Sharp Food Price Rise After New YearFollowing a VAT increase on January 1, Russians are expressing dismay over rising food prices in social media posts, while analysts provide insights on the trends and future expectations.

Feb 2, 2026

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Will Under-the-Table Salaries Become the Norm?The 'graying' of incomes bodes no good for Russia's economy as tax increases loom in 2026, putting pressure on business wage funds.

Feb 2, 2026

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Vegetables Rose, Fruits Fell: Irkutskstat on December PricesPrices in the Irkutsk region rose by 0.3% in December 2025, with an annual increase of 8.5%.

Feb 2, 2026

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'I was a bit stunned': Irkutsk blogger amazed by vegetable pricesA blogger from Irkutsk expressed shock at winter vegetable prices after spending 2,100 rubles (about $23 at current rates) on greens, tomatoes, cucumbers, and avocado.

Feb 1, 2026

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Russian Lawmaker Proposes Raising Student Stipends to Living WageA State Duma deputy has suggested increasing stipends for full-time students to the national living wage and indexing them annually.

Feb 1, 2026

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Rostov Region May Lose 70% Exports Over New 'Aged Fleet' LawA proposed federal law restricting the use of aged ships could cut off 70% of Rostov Region's exports, according to a regional business official.

Feb 1, 2026

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Obsolete Fleet Law Puts 70% of Rostov Exports at RiskA federal bill banning obsolete vessels could jeopardize up to 70% of exports from Russia's Rostov Region, warns a local export director.

Feb 1, 2026

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Tyumen Residents on Incomes of 100,000 to 300,000 Rubles a MonthResidents of Tyumen with monthly incomes from 100,000 to 300,000 rubles (about $1,000–$3,000 at current rates) have shared details about their finances and standard of living.

Feb 1, 2026

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“I Can Afford Everything”: Tyumen Residents on Salaries Up to 300,000 Rubles MonthlyTyumen residents with monthly incomes in the hundreds of thousands of rubles share their earnings and spending, revealing the realities of middle-class life in the city.

Feb 1, 2026

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Volgograd Businessman Shocked by Price Hikes on Food and GasA businessman from Volgograd is stunned by post-holiday price increases at supermarkets and warns of a tough year ahead for small businesses and consumers.

Feb 1, 2026

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LDPR Leader Proposes Amnesty for Imported Crypto Mining EquipmentLeonid Slutsky, leader of the LDPR, has proposed an amnesty for mining equipment imported with documentation irregularities. He says this will expand the legal crypto sector.

Feb 1, 2026

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Child Benefit Amounts Change in UdmurtiaThe unified child benefit payment rules have been updated in Udmurtia, with new amounts taking effect in 2026.

Feb 1, 2026

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Ryazan police seize counterfeit Abibas goods worth 1.4 million rublesRyazan police have seized counterfeit clothing, shoes, and bags worth 1.4 million rubles from a store, leading to a criminal case against the 47-year-old owner.

Feb 1, 2026

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Kuban's Top Shift Jobs: 256,000 Rubles in 2025In 2025, machine operators and smelters received the highest salary offers for shift work in Krasnodar Krai, with companies offering schedules up to 90 days.

Feb 1, 2026

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Russian Savings Reach 66.5 Trillion Rubles in 2025According to VTB, the volume of savings among Russians grew by 16% in 2025 to 66.5 trillion rubles, with ruble deposits driving the increase.

Jan 31, 2026

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Car service and fuel expenses rise 46% over yearVTB clients spent 46% more on car maintenance than last year, with car washes showing the highest growth.

Jan 31, 2026

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Diesel rises, AI-95 steady: Voronezh fuel prices this weekDiesel fuel prices in Voronezh Oblast have continued to rise, surpassing 73 rubles per liter, while popular gasoline grades have seen slight decreases or remained unchanged, reports Voronezhstat.

Jan 31, 2026

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Deposit Agency Sues for 152 Million Rubles from PromTransBank Ex-ManagersThe Deposit Insurance Agency (ASV) is seeking to recover 152 million rubles (approximately $1.7 million at current rates) from the former top executives of the bankrupt PromTransBank through arbitration court.

Jan 31, 2026

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Russian Currency Scenarios: 100 Rubles per Dollar and Rising PricesBeware of a sharp drop in the exchange rate.

Jan 31, 2026

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Most vegetables get more expensive in Voronezh over weekPrices for nearly all vegetables in Russia's Voronezh region rose again this week, following record increases in early January. Only onions and tomatoes saw minor price drops.

Jan 31, 2026

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