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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Waves of Ukrainian Drones Target War Related Manufacturing Across Several Russian Regions
Crisis in Russia, War

Waves of Ukrainian Drones Target War Related Manufacturing Across Several Russian Regions

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Coordinated drone strikes have again breached the depths of Russia’s industrial base. On the night of 25 July 2025, Ukrainian unmanned aerial vehicles (UAVs) struck the Nevinnomyssk Azot chemical plant in Stavropol Krai, a facility recognised as central to Russia’s defence‑industrial complex. Local authorities, including the city’s mayor, Mikhail Minenkov, stated that there were 37 separate impacts at the site.

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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.

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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 New Housing Demand Collapses Amid Mortgage Cuts and Rising Rates
Crisis in Russia

Russia’s New Housing Demand Collapses Amid Mortgage Cuts and Rising Rates

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Demand for newly built housing in Russia has plummeted nearly 40% over the past year, as government support for the real estate sector fades and interest rates continue to climb. According to figures reported by Vedomosti, from July 2024 to July 2025, only 458,727 newly built apartments were sold across the country, with a total floor area of 21.9 million square meters.

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Cracks Appear in Russia’s Defense Industry as Its Largest Firms Sue for Lack of Payment
Crisis in Russia

Cracks Appear in Russia’s Defense Industry as Its Largest Firms Sue for Lack of Payment

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Cracks are now widening inside Russia’s defense-industrial complex, as some of the country’s largest military manufacturers take the government to court over unpaid debts. On July 9, 2025, Magnitogorsk Iron and Steel Works (MMK) filed its third lawsuit in two months against Uralvagonzavod (UVZ), the state-owned producer of the T-90M tank, demanding 105 million rubles ($1.1 million) for undelivered payments.

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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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