Botten ur för den ryska ekonomin. - Klarar inte längre att betala räntorna.

"The good times are over." The government has begun preparing for an economic crisis

Russian authorities have restarted the work of a special commission on economic sustainability, which was created in 2020 - during the pandemic and economic crisis. The commission, which is supposed to identify problematic industries and develop measures to help them, began working again in December, Deputy Prime Minister Alexander Novak said on Tuesday.

Novak says Russia's economy is going through a period of "managed cooling"

- The Russian economy is in a phase of "controlled cooling" in search of a balance in the dynamics of key indicators: lending rates and GDP growth are slowing down, while inflation is slowing down, Deputy Prime Minister Alexander Novak said at a meeting of the Federation Council committee.

"We are now in a period of, so to speak, controlled cooling of the economy in search of a balance between the task of containing inflation and ensuring economic growth. The rate of GDP growth in the fourth quarter was lower than at the beginning of the year, that is, a slowdown is taking place, and mainly the sectors oriented towards domestic demand (civilian) and exports are slowing down. A strict monetary policy is being implemented to ensure a reduction in inflation, macroprudential regulation by the Central Bank of the Russian Federation has been tightened, accordingly, we are also seeing a gradual slowdown in the rate of consumer, mortgage and corporate lending," Novak said.

Russia: “The Ministry of Energy and VEB.RF will create a working group to study measures to support the coal industry”

With what money?

Russia Targets Tycoons With Foreign Ties in Wartime Assets Grab

Russian businesses are facing a rising wave of asset seizures as authorities intensify a crackdown on tycoons who have dual citizenship or foreign residence.

Prosecutors have opened dozens of nationalization cases since Russia’s full-scale invasion of Ukraine in 2022, with the state taking assets exceeding 2.07 trillion rubles ($21.5 billion), estimates compiled by Ilia Shumanov, the former head of the Russian branch of Transparency International, show.