L'économie
New US sanctions hit mid-tier online providers PRO Members Public
New US sanctions on the use of American software in Russia — agreed in June — have been in place since Sep. 12. The measures were designed to deprive Russian companies of access to business management, design and production tools. There were some exceptions in place to prevent undue disruption, but this
Jet crash prompts speculation over Russia’s import substitution drive PRO Members Public
Last Friday, a Russian Sukhoi Superjet (SSJ) 100 passenger aircraft crashed near Moscow, killing all three crew members on board. The plane was flying to Moscow’s Vnukovo airport after having undergone repair work. First developed in the 2000s, the model never took off with airlines either abroad or at
Russia ends subsidized mortgages, leaving a housing bubble and inequality behind PRO Members Public
On July 1, Russia halted its preferential mortgage program after awarding loans to millions of people at interest rates of up to 8% — half the Central Bank’s current base rate. The program was first introduced to support the real estate market during the Covid pandemic, but ultimately proved hugely
The hidden reasons behind Russia’s mega tax rises PRO Members Public
Last month Russia’s finance ministry officially unveiled plans for the country’s biggest tax “reform” in over 20 years. The changes will mean higher taxes for business and Russia’s middle class. The Bell spoke to economist Oleg Buklemishev, a former head of the finance ministry’s department of
A ‘competitive’ tax rate? PRO Members Public
Finance Minister Anton Siluanov keeps saying that even after income tax rates go up, Russia’s tax regime will remain “competitive and comfortable.” It is true that Russia’s headline rate of personal income tax rate was, and will remain, low compared with other countries. But those who paid close
When is a tax rise not a tax rise? When Russian propaganda talks about it PRO Members Public
Russia’s finance ministry last week officially put forward its proposals to “reform” the country’s tax system. The key change is the introduction of new progressive income tax bands, which will significantly raise taxes on the salaries of the country’s top earners. Businesses, too, will face a greater
Is the West’s oil price cap working? PRO Members Public
In the 18 months since it was introduced, the oil price cap has become one of the more controversial Western sanctions slapped on Russia since it invaded Ukraine. Moscow and its oil clients have found it easy to circumvent the measures and Russia’s Urals blend of crude oil has
Authorities scramble to curb rising egg prices PRO Members Public
The price of eggs has risen sharply recently, prompting Russian authorities to intervene to bring the market back under control. Prices started climbing back in the fall and in December shops throughout the country were left with empty shelves amid panic buying and soaring demand. After simmering for weeks, the
How Putin's economic aide cherry-picks data for his reports PRO Members Public
Maxim Oreshkin, Vladimir Putin’s economic aide, gave a major interview to the Moskovsky Komsomolets tabloid last week, in which he spouted figures showing that all is well in the Russian economy. He rarely resorted to using outright lies to make his argument, but he did cherry-pick and manipulate some
Troll farms and sanctions: Russian opposition gripped by libertarian activist’s questionable reporting PRO Members Public
Over the past week, two big talking points have emerged around the Russian opposition — both triggered by political activist Mikhail Svetov, founder of the Russian Libertarian Party, which has found a niche among young Russians on Twitter. First, Svetov’s SVTV News reported on how leading Russian economists helped to
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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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