
Why does Russia have a yuan shortage? PRO Members Public
Hello! Welcome to your weekly guide to the Russian economy — written by Denis Kasyanchuk and Alexander Kolyandr and brought to you by The Bell. This week, our top story is a deep-dive analysis of Russia’s yuan liquidity crisis. We also look at the escalating conflict over online retailer Wildberries

Russian opposition figure killed fighting for Ukraine PRO Members Public
Russian opposition activist Ildar Dadin was killed fighting for the Ukrainian army. Dadin achieved widespread notoriety after being convicted of unlawful behavior at rallies. After becoming disillusioned with non-violent protest, he joined the Ukrainian Army in 2023 to fight against Russia. * Dadin was the first Russian to be convicted under

Le licenciement massif de personnel informatique russe effraie les émigrants PRO Membres Public
Une série de licenciements massifs chez ABBYY, la société informatique fondée par David Yang, un homme d'affaires d'origine russe, a été l'une des grandes nouvelles du monde des affaires russe la semaine dernière. Les licenciements n'ont touché que les bureaux de Chypre, de Serbie et de Hongrie. Les citoyens russes figuraient en bonne place parmi les personnes licenciées.

‘Reputation whitewashing’ scandal rocks Russian opposition PRO Members Public
Yet another scandal is tearing the Russian opposition apart. This time, the Anti-Corruption Foundation (FBK), set up by the late Alexei Navalny, is under fire. Maxim Katz, a former municipal deputy turned popular YouTuber, released an investigation that accuses the foundation of close ties with fugitive Russian bankers and alleged

THE BELL WEEKLY: Navalny aides accused of legitimizing fraudsters PRO Members Public
Hello! This week we look at another scandal that has thrown yet more divisions into Russia’s fraught opposition. We also look at a round of tech layoffs that has spooked Russians working abroad and a Russian opposition figure killed while fighting for Ukraine. ‘Reputation whitewashing’ scandal rocks Russian opposition

Inside Russia’s budget: Taxes, borrowing, reserves PRO Members Public
Hello! Welcome to your weekly guide to the Russian economy — written by Alexandra Prokopenko and Alexander Kolyandr and brought to you by The Bell. This week we look inside Russia’s record high government budget, detailing the plans for taxes and spending, assessing the solidity of Moscow’s reserves and

Putin edges up the nuclear escalation ladder PRO Members Public
While Volodymyr Zelensky was busy meeting Ukraine’s Western allies in the United States to push for fresh military aid, from halfway round the world in Moscow, Vladimir Putin was doing everything he could to make himself the elephant in the room. On the eve of Zelensky’s meeting with

Secret spending hits record level PRO Members Public
The Russian government on Monday sent its 2025-2027 budget to the State Duma, outlining plans that will see defense spending hit a post-Soviet record at 6.3% of GDP. We wrote about the plans for another ramp-up in Russia’s military spending in Friday’s newsletter. The publication of the

THE BELL WEEKLY: Russia’s unprecedented secret spending PRO Members Public
Hello! This week we analyze Russia’s official spending plans for 2025 — the most classified budget proposal in history with record-high defense spending that neither the government nor business press are talking about. We also look at Vladimir Putin’s latest set of nuclear threats to the West. Secret spending

Russia on track to set new military spending records PRO Members Public
Hello! Welcome to your weekly guide to the Russian economy — written by Alexandra Prokopenko and Alexander Kolyandr and brought to you by The Bell. This week, our top story is a deep-dive analysis of the draft budget for the next three years. We also look at why Gazprom’s profitability