Russia’s steel industry reports massive losses
Crisis in Russia, Economy & Business

Russia’s steel industry reports massive losses

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In the past week, two of Russia’s largest steel producers have posted earnings showing losses of up to – 89%, as Magnitogorsk Iron and Steel Works (MMK) and Severstal reported collapsing profits, falling revenues, and negative cash flow for the second quarter and first half of 2025. The reports confirm that Russia’s once-dominant steel industry is now grappling with structural decline under the weight of sanctions, rising costs, and a shrinking domestic economy.

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Russian Housing Market Continues to Collapse
Crisis in Russia, Economy & Business

Russian Housing Market Continues to Collapse

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Russia’s housing market is unraveling at accelerating speed, with official figures now confirming the worst half-year performance in recent memory. According to DOM.RF data, sales of new housing in Russia fell 26% year-over-year in the first half of 2025, with the second quarter showing a devastating monthly collapse: April (-25%), May (-40%), and June (-55%). The trend is visible across all core indicators.

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Desperate Russian Banking Sector Looks to Bailouts to Prevent Catastrophe
Crisis in Russia, Economy & Business

Desperate Russian Banking Sector Looks to Bailouts to Prevent Catastrophe

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Russia’s financial system is under mounting pressure, with senior executives at the country’s largest banks privately preparing for potential state bailouts within the next year. Bloomberg reports that several systemically important lenders — including Sberbank and VTB — are facing a sharp rise in bad loans and have begun internal discussions on what form emergency state support could take.

Desperate Russian Banking Sector Looks to Bailouts to Prevent Catastrophe Read Post »

Russia’s Coal Industry in Crisis as Dozens of Enterprises Face Closure
Crisis in Russia, Economy & Business

Russia’s Coal Industry in Crisis as Dozens of Enterprises Face Closure

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Russia’s coal industry is sliding deeper into crisis, with 51 mining enterprises already closed or on the verge of shutting down, according to the Russian Ministry of Energy. Speaking at a government briefing, Dmitry Islamov, Deputy Head of the Ministry, confirmed that the country’s coal sector is experiencing widespread financial distress. “According to the Ministry of Energy, there are currently 51 enterprises — both mines and open pits — that are in the so-called red zone,” Islamov said.

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Russia’s Road-Building Equipment Market Collapses, Falling Over 40% in 2025
Crisis in Russia, Economy & Business

Russia’s Road-Building Equipment Market Collapses, Falling Over 40% in 2025

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Russia’s domestic market for road-construction equipment is experiencing a severe contraction, with sales falling by 41.3% in the first five months of 2025 compared to the same period last year. Total revenue dropped to just 18.4 billion rubles (approx. $210 million), according to data from the Rosspetsmash Association, a Russian industry group representing manufacturers of specialized machinery. The downturn is accelerating.

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Russia Becomes Net Food Importer as Economy Falters Under War Strain
Crisis in Russia, Economy & Business

Russia Becomes Net Food Importer as Economy Falters Under War Strain

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For the first time in years, Russia has officially become a net importer of food and agricultural products, a stunning reversal for a country that once boasted of self-sufficiency and export dominance in grain and oils. The figures released this week by the Russian Federal Customs Service confirm what many in the agricultural and financial sectors had feared: collapsing harvests and high interest rates are gutting Russia’s export capacity, forcing it to rely once again on foreign food imports.

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Despite -48% drop in price, Russia’s coal exports collapse -50% Leaving Ports Flooded
Crisis in Russia, Economy & Business

Despite -48% drop in price, Russia’s coal exports collapse -50% Leaving Ports Flooded

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Russia’s coal export industry, once a pillar of the Kremlin’s energy-driven economy, is buckling under the weight of oversupply, collapsing demand, and vanishing margins. Nearly 50 million tons of coal—representing over a quarter of all exports in 2024—now sit idle at Russian ports, according to data cited by Kommersant. The unsold buildup is so extreme that coal handling facilities are slashing tariffs just to stay afloat, with no real prospect of relief on the horizon.

Despite -48% drop in price, Russia’s coal exports collapse -50% Leaving Ports Flooded Read Post »

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