06:12 GMT27 January 2020
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    On Sanctions

    It's been over half a year since the United States and European Union first imposed sanctions on Russia, and they have since tightened them. High uncertainty has triggered massive capital outflows, while currency volatility and borrowing costs have surged.

    The first rounds of sanctions against Russia have produced real economic pain, limiting access to capital markets and increasing the cost of borrowing. Are things going to take a turn for the worse? To what extent will the Russian economy deteriorate?

    • A customer chooses canned sprats in a Moscow supermarket
      Last update: 08:07 GMT 10.06.2015
      08:07 GMT 10.06.2015

      Latvian Fishing Industry Could Lose $225 Million Due to Russian Import Ban

      Latvian fishing industry could lose up to $225 million because of anti-Russia sanctions, Latvian Agricultural Minister assumed.

      On Sanctions
    • Sucker-rod pump at oil well
      Last update: 12:00 GMT 24.10.2014
      12:00 GMT 24.10.2014

      Sanctions Aimed at Russia’s Efforts to Develop Offshore Arctic Deposits

      Economic sanctions imposed on Moscow over the conflict in Ukraine might threaten Russia’s energy future – a serious threat many analysts say, given the country’s over reliance on oil and gas revenues.

      On Sanctions
    • Work of the Kristall diamond factory in Smolensk
      Last update: 12:00 GMT 22.10.2014
      12:00 GMT 22.10.2014

      Manufacturing Industries Report Economic Activities Acceleration

      The import substitution phenomenon has given a positive impulse to Russia’s manufacturing production. The seasonally adjusted HSBC Russia Manufacturing Purchasing Managers’ Index was above the 50 threshold in July-August, indicating cautious expansion, amid overall slowing consumer demand.

      On Sanctions
    • Grocery store
      Last update: 09:00 GMT 21.10.2014
      09:00 GMT 21.10.2014

      Russian Economy in Need of Structural Reforms

      After the West imposed three rounds of economic sanctions, Russia retaliated with a ban on imports of food and agricultural products from the EU, US, Canada, Australia and Norway. Beef, pork, fish, fruit, vegetables and dairy products from were banned for one year.

      On Sanctions
    • Money
      Last update: 12:00 GMT 20.10.2014
      12:00 GMT 20.10.2014

      Russia’s Devalued Market Is a Two-Way Street

      Russian shares are currently the cheapest among major emerging markets, and have been so for quite a while already, while the current geopolitical crisis over Ukraine and related economic sanctions have caused another serious selloff.

      On Sanctions
    • Russian Stock Exchange
      Last update: 12:00 GMT 18.10.2014
      12:00 GMT 18.10.2014

      There’s Still Significant Potential for Market Growth in Russia

      Geopolitical risks and increased financial market volatility have taken their toll on investment in Russia. In the first quarter of 2014 capital expenditure dropped by 7% year-on-year and improved slightly in the second quarter contracting by 2.1% year-on-year.

      On Sanctions
    • Russia's net capital outflow more than doubled in 2014, year-on-year, reaching $151.5 billion, according to a preliminary report by the Bank of Russia
      Last update: 12:00 GMT 17.10.2014
      12:00 GMT 17.10.2014

      CBR’s Monetary Policy Might Change in the Nearest Future

      Russia’s financial sector is becoming increasingly affected by the current geopolitical tensions and related economic sanctions. The sanctions led to increased volatility on the foreign exchange market and a significant depreciation of Russia’s national currency.

      On Sanctions
    • One rouble
      Last update: 12:00 GMT 16.10.2014
      12:00 GMT 16.10.2014

      Is Russia Facing Stagnation?

      As Western sanctions are enhancing an existing slowdown, most forecasts say that the Russian economy will grow by just half a percent this year. This effectively means stagnation, which analysts note is likely to last for more than a year.

      On Sanctions
    •  Building of the Central Bank of Russia
      Last update: 12:00 GMT 15.10.2014
      12:00 GMT 15.10.2014

      CBR to Consider “Non-Standard” Mechanisms to Ensure Economic Stability

      With sanctions weighing on business sentiment, Russia’s economy has been losing loads of capital this year. Capital flight from Russia is now dominated by heightened uncertainty and a depreciating ruble.

      On Sanctions
    • Sberbank Office in Moscow
      Last update: 12:00 GMT 14.10.2014
      12:00 GMT 14.10.2014

      Lack of Funding Manageable Risk for Now

      Russia’s banking sector has been locked out of international capital markets since July when the US and the European Union included a number of top Russian lenders, both private and state-owned, in its third round of sanctions.

      On Sanctions