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    • Ukraine hit by drone attacks as Russia accuses Kyiv of targeting Crimea
    • Russia alters oil taxes to capture bigger share of trades above price cap
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    Russian economy

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    • Wednesday, 22 March, 2023
      Russia alters oil taxes to capture bigger share of trades above price cap

      Kremlin overhaul targets $8bn of additional annual revenue by reducing market ‘discount’ on crude sales

    • Tuesday, 21 March, 2023
      News in-depthRussian politics
      Xi-Putin talks highlight Russia’s role as ‘junior partner’ to China

      Moscow sees trade with Beijing as way to bypass western sanctions and help win Ukraine war

    • Friday, 17 March, 2023
      Russian business & finance
      Sberbank to send record $4bn dividend to Russian state

      Kremlin-controlled lender’s payout comes as profit shrank 80% on western sanctions

    • Sunday, 12 March, 2023
      Martin Sandbu
      It is time to tighten sanctions on Russian state assets

      The west needs to extend its blocking measures to Moscow’s ‘shadow reserves’

    • Tuesday, 7 March, 2023
      Free LunchMartin Sandbu
      Examining Russia’s unsanctioned cash pile Premium content

      ‘Shadow reserves’ from energy earnings undermine restrictions on central bank

    • Wednesday, 1 March, 2023
      Currencies
      Rouble slides to 10-month low as falling energy prices bite

      Russian currency has lost about 20% of its value in gradual decline since start of December

    • Thursday, 23 February, 2023
      War in Ukraine
      Germany to crack down on companies evading Russia sanctions

      Push for tougher EU-wide rules after scale of trade in banned products via third countries is revealed

    • Thursday, 23 February, 2023
      Free LunchMartin Sandbu
      If you want peace in Ukraine, double down on (economic) war Premium content

      There is more — much more — that can be done with sanctions against Russia

    • Tuesday, 21 February, 2023
      Instant InsightTony Barber
      Putin’s ultimate aim is to seal Russia off from the west

      The president’s state of the nation speech shows how domestic repression is closely tied to the Ukraine campaign

    • Tuesday, 14 February, 2023
      FT SeriesRussia in Africa
      Russia’s growing trade in arms, oil and African politics

      Nations welcome the business and investment on the continent but for many diplomatic ties are the priority

    • Monday, 6 February, 2023
      Russia’s budget deficit soars as energy revenues slump by almost half

      Fall in oil and gas sales coupled with sharp rise in defence spending highlight economic damage of Ukraine conflict

    • Sunday, 29 January, 2023
      Russia’s internal struggle over classified financial data

      The Kremlin has justified withholding statistics during wartime but country’s central bank governor is pushing back

    • Friday, 20 January, 2023
      Markets InsightDavid Sheppard
      Putin is losing the energy war

      After weaponising gas supplies, the Russian president is now on the back foot as prices fall

    • Thursday, 19 January, 2023
      News in-depth
      Oil price cap and falling cost of crude worry Kremlin

      Country’s oil and gas revenues surged last year but Putin warns of risk of ‘budget problems’ in 2023

    • Sunday, 15 January, 2023
      Commodities
      Russian fertiliser export revenue surged 70% in 2022 as prices jumped

      Volumes only fell by 10 per cent despite analysts’ predictions of a collapse in shipments after start of Ukraine war

    • Tuesday, 10 January, 2023
      War in Ukraine
      War in Ukraine costs Moscow more than its record energy revenues

      Russia’s minister of finance admits to worsening public finances

    • Thursday, 29 December, 2022
      Gold
      Gold buyers binge on biggest volumes for 55 years

      China and Russia have been large accumulators of the precious metal in 2022, analysts say

    • Tuesday, 27 December, 2022
      War in Ukraine
      Putin imposes oil ban on buyers complying with G7 price cap

      Decree may permit sales of crude products even if importers comply with sanctions introduced by Ukraine’s allies

    • Friday, 16 December, 2022
      The Big Read
      How Putin’s technocrats saved the economy to fight a war they opposed

      Once thought of as reformers, the president’s economic confidants have ended up as enablers of an invasion they warned against

    • Thursday, 15 December, 2022
      FT News Briefing podcast9 min listen
      Fed enters a new phase

      Western sanctions steadily degrade Russian economy

    • Wednesday, 14 December, 2022
      The Big Read
      Russia’s wartime economy: learning to live without imports

      Rather than provoking a dramatic collapse, international sanctions are causing a steady degradation of the country’s productive capacity

    • Thursday, 1 December, 2022
      EU energy
      Brussels seeks deal on $60 global price cap for Russian oil

      EU tries to get agreement over line after months of talks, in effort to curb Kremlin fuel revenues

    • Wednesday, 16 November, 2022
      Russia’s economy enters recession with 4% contraction

      Western sanctions after invasion of Ukraine contribute to sharpest downturn since pandemic

    • Friday, 28 October, 2022
      Russia’s central bank warns Putin’s military draft will push up inflation

      Interest rate remains at 7.5% as policymakers end cycle of successive cuts

    • Friday, 30 September, 2022
      War in Ukraine
      Russian central bank governor Elvira Nabiullina hit with US sanctions

      Co-ordinated reaction from western allies aims to punish Moscow for moves to annex parts of Ukraine

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