Russia’s Sovereign Wealth Fund Hollowed Out as Liquid Reserves continue to Collapse
Crisis in Russia, Economy & Business

Russia’s Sovereign Wealth Fund Hollowed Out as Liquid Reserves continue to Collapse

, , ,

The month of May saw more hardship for Russia’s National Welfare Fund as the liquid portion decreased by another -$4 billion, leaving $36.1 billion according to state data released today. For the month a total of 29 tons of gold were reportedly sold, leaving 139. In addition, 11 billion Yuan were sold, leaving 153 billion.

Russia’s Sovereign Wealth Fund Hollowed Out as Liquid Reserves continue to Collapse Read Post »

Russia’s Automotive Sector Collapses Again In May, Down Another -28%
Crisis in Russia, Economy & Business

Russia’s Automotive Sector Collapses Again In May, Down Another -28%

, , ,

Russia’s automotive industry continues its spiral, with passenger car and light commercial vehicle sales plummeting another -27.5% year-on-year in May 2025, totaling only 98,300 units. This decline continues the downward trend observed in April, where sales dropped by 26%. The Ministry of Industry and Trade attributed the May slump to seasonal factors. However, auto dealers contest this explanation, noting that May typically sees a boost in demand.

Russia’s Automotive Sector Collapses Again In May, Down Another -28% Read Post »

Kremlin Drains the Last of the National Welfare Fund to Bail Out the Banks
Crisis in Russia, Economy & Business

Kremlin Drains the Last of the National Welfare Fund to Bail Out the Banks

, , , ,

The Russian government has begun offloading what remains of the country’s National Welfare Fund (NWF) to prop up its sanctioned financial sector, confirming this week that Sovcombank received a subordinated deposit of 29.6 billion rubles. The funds are part of a broader government scheme allocating 300 billion rubles from the NWF to four of Russia’s largest banks under the guise of financing the Moscow–St. Petersburg high-speed rail project.

Kremlin Drains the Last of the National Welfare Fund to Bail Out the Banks Read Post »

Russia’s automotive industry continues to collapse
Crisis in Russia, Economy & Business

Russia’s automotive industry continues to collapse

, , , , , , , , ,

Russia’s automotive industry continues to collapse One of Russia’s largest industrial sectors is dying in plain sight. The country’s automotive industry, once a key pillar of Soviet-era manufacturing and a symbol of post-Soviet modernization, is now in terminal decline. Since the 2022 invasion of Ukraine, Western sanctions, the exodus of foreign manufacturers, and Russia’s inability to develop a self-sufficient supply chain have gutted the sector.

Russia’s automotive industry continues to collapse Read Post »

Scroll to Top