Catastrophic losses continue to hit Russia’s Industrial sector, with profit down -107% at Novolipetsk
Crisis in Russia, Economy & Business

Catastrophic losses continue to hit Russia’s Industrial sector, with profit down -107% at Novolipetsk

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One of Russia’s largest steel producers, Novolipetsk Steel (NLMK), has reported a net loss of over 1.2 billion rubles in the first quarter of 2025— marking a dramatic downturn of more than -107% compared to the 17.2 billion ruble profit recorded during the same period last year. The reversal underscores the growing distress gripping Russia’s industrial economy amid sanctions, shrinking demand, and structural decline.

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Crisis in Russia, World News

Kremlin Deploys 20,000 Naturalised Migrants to Ukraine Front as Losses Mount

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Russia has forcibly deployed more than 20,000 newly naturalised citizens to fight in Ukraine, according to a senior Kremlin official, in what analysts describe as an intensifying reliance on vulnerable populations to sustain the war effort while avoiding mass mobilisation of the ethnic Russian majority. The announcement came from Alexander Bastrykin, head of the Investigative Committee, during a speech at the St. Petersburg International Legal Forum.

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Amidst Russia’s Apocalyptic Demographic Implosion, Putin’s Government Classifies the Data
Crisis in Russia, Economy & Business

Amidst Russia’s Apocalyptic Demographic Implosion, Putin’s Government Classifies the Data

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As Russia’s population crisis deepens, the Kremlin’s new solution is simple: hide the numbers. This week, Rosstat— the official Russian statistical agency— released its latest demographic bulletin. Or rather, what used to be a demographic bulletin. In place of detailed data on births, deaths, marriages, and divorces by region, the March report offers only a single, vague summary table. The rest has been scrubbed.

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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  .

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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 »

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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.

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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%.

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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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