Stock market reeling PRO Members Public
Hello! This week we look at millions of struggling private investors amid the wreckage of Russia’s financial markets. Not only have most lost money, but the chances of recouping losses fades with each week. Russia’s Central Bank last month froze a large batch of shares in foreign companies
Long recession PRO Members Public
Hello! This week our top story is a dissection of April economic data released by the Russian authorities that – while better than many expected – still suggests a sustained recession. We also look at why the founder of IT giant Yandex – Russia’s Google – was sanctioned by the European Union, and
Economic cracks PRO Members Public
Hello! In the words of Central Bank governor Elvira Nabiullina, Russia’s economy is undergoing a “structural transformation.” But exactly what this means is unclear: events are moving fast and unpredictably. Our top story this week is the big economic surprise that – after an inflationary shock in March – Russia recorded
Rising oil dependency PRO Members Public
Hello! This week our top story is on what recently released financial data reveals about Russia’s rapidly growing dependency on oil, as well as a collapse in VAT revenue and how China is coming to Moscow’s rescue. We also look at the new owner of McDonald’s in
Data blackout PRO Members Public
Russia’s so-called “special military operation” in Ukraine has not just led to the international isolation of the Russian economy but to new levels of government secrecy. An unprecedented halt in the publication of official economic statistics since the start of the fighting means we now know much less about
Oil embargo pain PRO Members Public
Hello! The European Union last week was unable to sign off on an embargo on Russian oil, but the deal appears to be almost done: the only outstanding detail is how long Hungary, Slovakia and the Czech Republic will be allowed to delay implementation. An oil embargo is one of
Accelerating escalation PRO Members Public
Hello! It seems inevitable that the confrontation between Russia and the West over Ukraine will only get worse amid a Russian offensive and the tense situation in the south of Ukraine. The West is providing Kyiv with ever more sophisticated weaponry and Moscow’s rhetoric gets ever more threatening. Peace
Economic constraints PRO Members Public
Hello! In this week’s newsletter, we’ll review the economic impact of the first two months of fighting in Ukraine, and discuss two key questions: how long can the Kremlin continue to afford its ‘special military operation’ and can the Russian economy hold out? The Russian Ministry of Defense
Ruble paradoxes PRO Members Public
Hello! This week our newsletter will be a brief guide to the history of the Russian currency, which looks to have come full circle in recent weeks with the loss of free convertibility status as a result of Russia’s ‘special military operation’ in Ukraine and Western sanctions. Audit Chamber
Looming oil embargo PRO Members Public
Hello! Russia found itself ever more isolated last week as the world reacted to the shocking images from Bucha and other towns in northern Ukraine. The international community imposed new sanctions on Moscow, including a European embargo on coal imports. The next step Europe takes could be a game-changing ban
Nous travaillons pour vous
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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