Why does Russia have a yuan shortage? 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

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Inside the Russian Economy

Russian opposition figure killed fighting for Ukraine Members Public

L'opposant russe Ildar Dadin a été tué en combattant pour l'armée ukrainienne. Ildar Dadin avait acquis une grande notoriété après avoir été condamné pour comportement illégal lors de rassemblements. Après avoir été désillusionné par les protestations non violentes, il a rejoint l'armée ukrainienne en 2023 pour lutter contre la Russie. * Dadin est le premier Russe à avoir été condamné en vertu de la loi sur les droits de l'homme.

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Politics

Mass layoff of Russian IT staff spooks emigrants Members Public

A round of mass layoffs at ABBYY, the IT company founded by David Yang, a businessman with Russian roots, was one of the big stories in the Russian business world last week. The firings affected only the offices in Cyprus, Serbia and Hungary. Russian citizens were featured heavily among those

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Business

‘Reputation whitewashing’ scandal rocks Russian opposition 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

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Politics

THE BELL WEEKLY: Navalny aides accused of legitimizing fraudsters 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

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Russia, Explained

Inside Russia’s budget: Taxes, borrowing, reserves 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

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Inside the Russian Economy

Putin edges up the nuclear escalation ladder Members Public

Alors que Volodymyr Zelensky rencontrait les alliés occidentaux de l'Ukraine aux États-Unis afin d'obtenir une nouvelle aide militaire, à Moscou, à l'autre bout du monde, Vladimir Poutine faisait tout ce qu'il pouvait pour devenir l'éléphant dans la pièce. À la veille de la rencontre de Zelensky avec le président de l'Ukraine, Vladimir Poutine a fait tout ce qu'il a pu pour se faire remarquer.

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Politics

Secret spending hits record level 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

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Economy

THE BELL WEEKLY: Russia’s unprecedented secret spending 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

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Russia, Explained

Russia on track to set new military spending records Members Public

Bonjour ! Bienvenue dans votre guide hebdomadaire de l'économie russe, rédigé par Alexandra Prokopenko et Alexander Kolyandr et présenté par The Bell. Cette semaine, notre article principal est une analyse approfondie du projet de budget pour les trois prochaines années. Nous examinons également les raisons pour lesquelles la rentabilité de Gazprom

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Inside the Russian Economy
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The Bell was founded in 2017 by journalists Elizaveta Osetinskaya, Irina Malkova and Peter Mironenko as a news outlet independent from the Russian authorities, after its founders have been sacked as top editors at the largest Russian news website RBC because of pressure from the Kremlin.

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RUSSIA IN GRAPHS

Understand the Russian economy and politics with a monthly infographic plus a selection of articles to add to your reading list, compiled by The Bell’s editors team.