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Crisis in Russia, Economy & Business

Russian agricultural machinery giant announces production halt and mass layoffs

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Russia’s largest agricultural machinery manufacturer, Rostselmash, has announced a suspension of production and lay offs of approximately 2,000 employees due to deteriorating market conditions. The company had previously reduced operations to a three-day workweek in late 2024, returning to a limited five-day schedule in early 2025  .

Russian agricultural machinery giant announces production halt and mass layoffs Read Post »

illustration shows word "sanctions" displayed on eu and russian flags
Economy & Business, World News

EU Imposes 17th Sanctions Package on Russia, Targets 189 Shadow Fleet Vessels

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The European Union adopted its 17th sanctions package against Russia on Wednesday, escalating pressure on the Kremlin by blacklisting 189 vessels linked to Moscow’s so-called shadow fleet and tightening controls on military-use technology. Announced by European Commission President Ursula von der Leyen, the new measures aim to curb Russia’s energy revenues and undermine its ability to sustain the war in Ukraine, now entering its third year.

EU Imposes 17th Sanctions Package on Russia, Targets 189 Shadow Fleet Vessels Read Post »

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Crisis in Russia, Economy & Business

Russian agricultural Armageddon continues with tractor sales down another -33%

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The agricultural machinery market in Russia continues to decline sharply, with sales dropping another -33% in the first quarter — despite a clear need among farmers to update their aging fleets. Industry experts attribute the slump primarily to high interest rates, which are discouraging purchases.

Russian agricultural Armageddon continues with tractor sales down another -33% Read Post »

Gazprom Neft CEO
Istrebin's Economics

Gazprom CEO Sounds Alarm on Looming Russian Energy Crisis

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Gazprom Neft CEO Alexander Dyukov has confirmed what energy analysts have long suspected: Russia is running out of cheap oil. The country is being forced to tap into so-called “hard-to-recover” reserves—deep, complex, and geologically intractable deposits that require expensive extraction methods, advanced technology, and massive government support. According to Dyukov, even maintaining current production levels now requires tapping into these complex reserves.

Gazprom CEO Sounds Alarm on Looming Russian Energy Crisis Read Post »

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Crisis in Russia, Economy & Business

Russia faces labor crisis due to mass military recruitment

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Russia is grappling with an unprecedented labor shortage, with a deficit of 2.6 million workers across key sectors such as manufacturing, trade, and transportation. This shortfall, reported by Izvestia and based on a study by the Higher School of Economics, underscores the mounting strain on the nation’s workforce amid ongoing military mobilization and demographic challenges.

Russia faces labor crisis due to mass military recruitment Read Post »

Putin
Istrebin's Economics

Russian Economy enters full collapse mode

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I looked at Russia’s 2025 budget figures, and what I found is nothing short of a disaster in the making. The numbers I compiled in the table reveal the harsh reality: Russia is on the brink of financial collapse due to its reckless military spending and collapsing revenue base. Let’s break it down. The 2025 budget plan was for a 5% increase in spending, a total of 42,297 billion rubles. But in the first four months alone, they’ve already spent 15,499 billion rubles — an increase of 21%.

Russian Economy enters full collapse mode Read Post »

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Crisis in Russia, Economy & Business

UK announces sanctions on Russia’s shadow fleet

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On May 9, the United Kingdom announced its most extensive sanctions package to date against Russia, targeting 100 oil tankers that make up the Kremlin’s so-called “shadow fleet,” along with an additional vessel linked to Russian government support. Moscow’s shadow fleet consists largely of aging tankers used to circumvent international sanctions imposed by the UK, European Union, and the United States.

UK announces sanctions on Russia’s shadow fleet Read Post »

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Crisis in Russia, Economy & Business

Russia Faces Deepening Fiscal Crisis as War Spending Overwhelms Budget

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Russia is plunging deeper into economic turmoil as ballooning war expenditures, inflation, and mismanaged spending have pushed the Kremlin into a severe fiscal crisis. In the first four months of 2025 alone, the country recorded a staggering 3.2 trillion ruble deficit, raising alarms about the long-term sustainability of Moscow’s wartime budget. Despite official claims that revenues are increasing at a rate of 5%, spending continues to surge far beyond forecasts.

Russia Faces Deepening Fiscal Crisis as War Spending Overwhelms Budget Read Post »

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