THE BELL WEEKLY: Many Russians surprised by European ban on imports for personal use PRO Members Public
Hello! Before we get down to the news, an announcement: For almost five years The Bell has been providing you with weekly expertise and insight on what’s happening inside Russia. As ever, we are deeply grateful for your support — and for reading our newsletters. Soon, our newsletters will become
THE BELL WEEKLY: The richest Russian gives an exemplary statement about the mood of the oligarchs PRO Members Public
This week’s big story was Andrei Melnichenko; the richest man in Russia spoke in detail about the war and sanctions in an interview with FT. Melnichenko’s interview must be bookmarked as an exemplary statement about the mood among leading Russian business figures. It is far more representative than
THE BELL WEEKLY: Prigozhin’s legacy PRO Members Public
Hello! This week we explore the fallout from Yevgeny Prigozhin’s dramatic death last Wednesday. In this newsletter, we’ll explore how a restaraunt owner from St. Petersburg became one of the most powerful businessmen in Russia, and what will happen to his businesses now he’s gone. Who will
A Broker Popular with Russian Investors Is Accused of Dodging Sanctions PRO Members Public
On Aug. 15, activist short sellers from Hindenburg Research accused Freedom Holdings, a broker popular with Russian investors, of falsifying reports and circumventing sanctions. Hindenburg’s sources said that Freedom’s clients brought suitcases stuffed with cash, and its employees broke the law to launder millions of dollars of dirty
Russia Loses its First-Ever Lunar Station PRO Members Public
Russia attempted to launch a lunar station for the first time since the Soviet era. The Luna-25 mission was initially planned for the late 90s. But because of a combination of the failure of other space programs, a lack of funding, sanctions, and the collapse of international cooperation in space,
Why is the exchange rate so important to Russians and to the Kremlin PRO Members Public
Cet été, la Russie est confrontée à sa dernière crise monétaire. Le 11 août, le dollar a franchi la barre des 100 roubles, alors que l'euro s'échangeait à 110 roubles. La chute de sa valeur est devenue un sujet brûlant dans les médias russes au cours des dernières semaines. Normalement, les taux de change ne devraient pas être
THE BELL WEEKLY: More Than Just an Exchange Rate PRO Members Public
Hello! This week, in our main story we explain why Russians take the ruble exchange rate so personally that its devaluation is a serious political problem for the Kremlin. Then we turn to a failed launch of a Russian lunar station. Finaly, we look at how one of the most
The ruble is a prisoner of Russian politics PRO Members Public
Hello! This is your weekly guide to the Russian economy — brought to you by The Bell. Our main story is about how the Russian ruble this week slumped below 100 to the U.S. dollar, exposing an unusual level of indecision and lack of agreement among officials. Ironically, this all
Tax leaks expose the huge salaries of state company bosses PRO Members Public
A leak of Russian tax data for 2020 enabled researchers to work out the incomes of the directors of two leading state companies – Rosneft boss Igor Sechin, and the head of one of Russia’s biggest banks, VTB’s Andrei Kostin. Both received salaries huge enough to cover the annual
Russian Central Bank takes emegency measures as the ruble plummets PRO Members Public
Russia’s Central Bank, which is also responsible for national monetary policy, is trying to strengthen the falling ruble. Last week, it refused to invest in foreign currency as required by budget rules. But on Monday, as the dollar rate reached 100 rubles for the frst time since March 2022,
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The Bell a été fondé en 2017 par les journalistes Elizaveta Osetinskaya, Irina Malkova et Peter Mironenko en tant que média indépendant des autorités russes, après que ses fondateurs ont été limogés de leur poste de rédacteurs en chef du plus grand site d'information russe, RBC, en raison des pressions exercées par le Kremlin.
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