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The Russian economy's industrial sector is in decline, according to air-pollution readings from satellites.A Wall Street Journal report showed that the decline may be worse than what Moscow officially reports.Pollution in Russia's industrial regions fell 1.2% in the six months to April, and is 6.2% lower annually.Russia's economy is suffering from an industrial decline as Vladimir Putin's war in Ukraine drags on, according to a Wall Street Journal report citing data from the European Space Agency's Sentinel-5P satellite.

https://www.youtube.com/watch?v=6v1_39yAQkI The Duran Russian economy strengthens. EU economies in tatters Alex: All right, Alexander, let's take a look at the Russian economy. We haven't done an update in regards to the Russian economy for a while now. And my question to you is has it collapsed yet? Has the Russian economy collapsed as we have been hearing? Ursula von der leyen in her State of the Union address, the EU State of the Union address thing that they do. She said, and she actually said this, that the Russians are removing chips from their dishwashers and using them in military...

Putin’s hubris, yes-men for generals, lack of fighting conviction among the men, poor logistics and strong Ukrainian leadership and determination have combined to turn the Russian invasion of Ukraine into a military quagmire. Meanwhile, the West has upped the stakes in a financial war. The underlying assumption is that the Russian economy is weak and those of the Western allies are stronger. A few key metrics shows this is incorrect. The underlying resilience of the Russian economy and its financial system is not generally understood, and instead EU sanctions could end up undermining the whole euro system and the euro...

Aeroflot will pay up to $7.47 billion, including maintenance and insurances, to lease 50 Boeing jets for up to 18 years, Vedomosti reported on Friday, citing two sources close to the state-controlled airline and the leasing company Avia Capital Service. Experts said that the 737 Next Generation aircraft would be used to update Aeroflot's fleet and potentially become the foundation for the company's planned low-cost airline. The lease deal needs to be approved at Aeroflot's shareholder meeting on Oct. 15. Airplanes in the Boeing 737 family cost from $76 million to $109.9 million each to purchase, according to Boeing's catalogue,...

Two frightening events last week showed the unbridled contempt with which the neo-Soviet regime of proud KGB spy Vladimir Putin views the rule of law. First, a Russian court in Siberia entered a $1.7 billion judgment against the Norwegian telecommunications firm Telenor, wiping out its stake in the major Russian telecom entity, Vimplecom. One Russian investment analyst said the ruling "makes the flesh creep." That's because "Western banks and companies are owed $453 billion by Russian corporations, an amount three times as much as they are owed by Chinese, Indian and Brazilian companies combined," and it does not appear that...

Russia authorities halted trading on the country’s stock exchange on Tuesday after it plunged 17 per cent in a broad-based sell-off. At 1700 local time, the rouble-denominated Micex index had fallen 17.5 per cent to 881.17 and the RTS index dropped 12 per cent to 1,131.120 as the falling oil price, margin calls on local investors and a broader sell-off in emerging markets stocks drove shares down. “This is a good old-fashioned panic”, said Steven Dashevsky, head of research at Unicredit in Moscow. “It doesn’t feel like there is anyone domestically that can put the brakes on.” Oil stocks tracked...

Russian shares suffered their steepest one-day fall in more than a decade on Tuesday, losing up to 20 per cent, as a sharp slide in oil prices and difficult money market conditions triggered a rush to sell. The heads of the Russian central bank, the finance ministry and the financial market regulator met on Tuesday night for an emergency discussion on ways to halt the crisis. Earlier, trading had been suspended on both the Micex and RTS stock exchanges as investors ignored assurances by Russian officials and a cycle of distrust set in amid liquidity fears. Margin calls forced domestic...

A list and way to track number of economic issues and problems associated with Russia and its financial system: Main Google news search including "RTS" Russia Becomes Worst 3rd-Quarter Stock Market on Oil (Update3) - Bloomberg - good read! Investment Week, UK... a near 30% decline in the RTS index in recent months Lukoil cuts sale price of diesel, jet fuel, fuel oil in August - from Polish source Europe Grapples with Russia-Georgia Woes"With energy supplies at risk, the recent conflict in the Caspian region might spur the West to seek other gas and oil sources""The very fact of the...

Economists are warning that the Russian government is making some of the same mistakes that have held back growth in Latin America, particularly in Venezuela, as it seeks to control profit-making industries at a time when it should be attracting foreign capital. The economy — already characterized by underinvestment, high inflation and weak institutions — could see even worse rates of investment since the government ramped up its consolidation of the oil and gas sectors, says a report from Aton Capital to be released Tuesday. Andrei Illarionov, the president's economic adviser, has labeled the move toward increased state control of...

MOSCOW — President Vladimir Putin has called for severe measures against heads of enterprises that do not pay their employees’ salaries on time. At a meeting with Labor Minister Alexander Pochinok on Feb. 3, Putin asked pointed questions, including why the whole complex of legal measures in Russian regulations, including the Labor Code, is not being used against such managers. He commissioned the Labor Ministry to monitor the situation with salaries in the country and. In form of an explanation, Pochinok noted that it’s only most bankrupt and/or fly-by-night companies — which number about 300,000 in the country — that...

Wage Arrears Fall MOSCOW (MT) -- Wage arrears fell 3.3 percent to 31.79 billion rubles ($1.05 billion) from January to May, the State Statistics Committee said Friday. Arrears in wages due from federal and regional levels of government fell faster than those due from the private sector, reflecting a steady and broad-based improvement in public finances. -------------------------------------------------------------------------------- Price Index Down MOSCOW (Reuters) -- The producer price index fell 0.2 percent month on month in May after a 1.4 percent rise in April, the State Statistics Committee said Friday. Producer prices rose 4.4 percent in the first five months of 2003...

Industry Grows 8.5% MOSCOW (Reuters) -- Industrial output rose 8.5 percent year on year in May but fell 0.4 percent compared to April, the State Statistics Committee said Wednesday. Industrial output rose 6.7 percent in the January-May period compared to a 3 percent rise in the first five months of 2002, a committee statement said. \ Goodyear Rolls In MOSCOW (MT) -- U.S. tire and rubber giant Goodyear is in talks to possibly acquire leading Russian tire producer Amtel, RBC reported Wednesday. Short of buying out Amtel, visiting Goodyear executives in Moscow are looking to at least set up joint...

In televised remarks after a meeting with President Vladimir Putin on Tuesday, Economic Development and Trade Minister German Gref said the economy grew 7.1 percent in the first five months of the year -- just one-tenth of a percent below the average rate needed to double the size of the economy within a decade, a challenge Putin issued to the government last month. "Russian GDP grew 7.1 percent in the first five months, while industrial output grew 6.7 percent," Gref said. Investments over the first five months of the year rose 11 percent versus 1.5 percent in the same period...

Trade Surplus Soars MOSCOW (Reuters) -- The foreign trade surplus soared 38 percent to $24 billion in the first four months of 2003, year on year, as crude oil exports to Western countries rose 9 percent, the State Customs Committee said Thursday. The country's robust foreign trade balance, which stood at $18.6 billion in the first quarter of 2003, has helped the Central Bank to build record-high foreign currency reserves, boding well for the country's creditworthiness. "The foreign trade balance was positive and stood at $24 billion [in the January-April period of 2003] compared with $17.4 billion in the corresponding...

KORYAZHMA, Russia, Aug. 7 — Deep in the pine forest of the Russian north, a battle is being fought over the shape of a Russian economy increasingly concentrated in the hands of just a few tycoons. In an action giving new meaning to the concept of a hostile takeover, corporate raiders employed by one of Russia's most powerful businessmen have put a large pulp and paper mill — quite literally — under siege. A brigade of the tycoon's private security guards lies in wait, ready to take the mill, 575 miles northeast of Moscow.Full article