Page 5 - Sofya Donets News Today

Already, companies are scrambling to prevent their employees from being drafted, given the tight labor market.

Russia said it would no longer disclose monthly figures breaking down how much the government spent on various budget items including defense, even as it released data showing the ruble’s surge erased the benefits of higher crude prices for revenue.

Russia said it would no longer disclose monthly figures breaking down how much the government spent on various budget items including defense, even as it released data showing the ruble’s surge erased the benefits of higher crude prices for revenue.

Nearly 90% of Russian companies say they are affected.

The Russian currency extended gains after the announcement, albeit at a slower pace than on previous days.

Elvira Nabiullina managed to rescue the rouble after Russia invaded Ukraine, but capital controls, a deep recession, and a vulnerable financial system promise more turbulent times ahead.

The woman steering Russia’s war economy

By attacking Ukraine, Russia is endangering its future as an oil and gas exporter.

Russia recorded the largest current-account surplus since at least 1994, as revenues from oil and gas exports surged and imports plunged after the U.S. and its allies imposed sanctions over President Vladimir Putin's invasion of Ukraine. The...

After a historic collapse in the wake of Russia's military offensive in Ukraine, the ruble has staged a spectacular bounceback, supported by strict capital controls and energy exports.