Nearly 16,000 hectares of crops damaged by hail in Stavropol Krai
It is difficult to determine the damage yet due to ongoing heavy rains
Russian economy
European Commission raises Russia's GDP growth forecast
The European Commission raised its forecast for Russia’s GDP growth in 2026 from 1.1% to 1.3%, according to the EC’s spring economic forecast.
Russias international reserves up 135 bln dollars in week
Russia’s international reserves increased by $13.5 bln in one week to $771 bln as of May 8, 2026, the Russian Central Bank reported.
Dollar rate slides toward 70 rubles
The dollar exchange rate fell sharply on 13 May, dropping below 73 rubles to 72.975 - its lowest level in three years.
Global inflation to accelerate due to Middle East crisis - Nabiullina
The conflict in the Middle East remains the factor of uncertainty and will lead to inflation acceleration globally under the base case forecast of the Bank of Russia, Central Bank chief Elvira Nabiullina said at the press conference after the Board meeting.
Russia's Central Bank cuts key rate to 14,5 percent per annum
Russia's Central Bank has reduced its key rate by 50 basis points to 14.5% per annum, the regulator stated in a press release following its board of directors meeting.
Russian national debt up by 21 in year
Russia’s national debt spiked by 21% to 35.1 trillion rubles by the end of 2025 compared to 2024, an Audit Chamber report on the execution of the federal budget for January - December 2025 said.
Russia increases gas production by 9 percent
Russia increased total gas production (natural and associated petroleum gas) in January-February 2026 by 9.2% year-on-year to 129.2 bln cubic meters, according to Rosstat data.
Bank of Russia cuts key rate to 15 percent
The Bank of Russia has lowered its key rate by 0.5 percentage points to 15% per annum for the second time since the beginning of the year, according to the regulator’s press release following a meeting of its board of directors. …
Russia's Central Bank key rate may drop to 145 percent - Aksakov
The Central Bank of Russia may decide to lower its key rate to 15-14.5% at its upcoming meeting, according to Chairman of the State Duma Committee on Financial Markets Anatoly Aksakov.
Russia interested in economic cooperation with US - Peskov
According to the Kremlin, Moscow is ready to resume economic contacts with Washington.
Central Bank of Russia cuts key rate
Russia's Central Bank published a press release following today's Board of Directors meeting. The decision was made to lower the key rate.
Russian economy is stable - Mishustin
The Russian economy is currently stable, Prime Minister Mikhail Mishustin stated.
Key rate to be cut in small steps - RSPP head
The need to assess how the value-added tax hike at the start of 2026 and a number of other factors have impacted inflation will probably lead the Central Bank of Russia (CBR) to cautiously approach interest rate cuts and move in "small steps" until April, head of the Russian Union of Industrialists and Entrepreneurs (RSPP) Alexander Shokhin said.
Funding for orphans housing program in Karachay-Cherkessia increases fivefold
Over 300 mln rubles will be allocated for the purchase of housing for orphans in 2026
Russian GDP growth expected to be 1 percent in 2025 - Novak
The Russian economy grew 1% in 2025 according to preliminary data, Russia's Deputy Prime Minister Alexander Novak said at a meeting of the Federation Council's Economic Policy Committee.
Russia increases gold shipments to China by 800%
The value of precious metal exports reached $3.29 bln
Menyailo oversees billion-ruble budget for North Ossetian beneficiaries
North Ossetian authorities will do everything possible to ensure every North Ossetian has access to medications appropriate to their health
Russia's competitive industrial products export up 18% in 2025
Exports of Russian competitive industrial products increased by 18% over ten months of the last year and friendly countries account for 80% of supplies, Russia's First Deputy Prime Minister Denis Manturov said at the meeting with President Vladimir Putin.
Dagestan leads in production of key agricultural products
Dagestan plays a key role in providing Russians with vegetables and fruits, grapes, rice, lamb, and wool