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Russia makes plans for large-scale expropriation

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RUSSIA

The bill is in parliament and could be voted on soon. The expropriation of firms and factories owned by Western firms will initiate profound economic restructuring and accelerate…

War and sanctions will hit Russian consumer spending

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RUSSIA

The cost will increase pressure on households already experiencing declining real incomes and worrying about the military mobilisation which the government says has taken 300,000…

Russia's economic decline will continue this year

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RUSSIA

The recession was far shallower than expected; early forecasts had predicted a contraction of up to 10%. However, economic decline will continue into 2023. Unprecedented sanctions…

Prospects for Ukraine to end-2023

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PROSPECTS H2 2023

This perception can only increase. Essentially, the question is whether Ukraine will be able to make sufficient military gains in order to avoid having to fight -- with all the…

Russian stock market is buffeted by Ukraine crisis

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RUSSIA

The downturn reduced the market capitalisation of Russian blue-chip companies. High volatility in the financial markets disrupted the government's borrowing schedule and prompted…

Recovery of Russian consumption is likely to moderate

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RUSSIA

Strong household demand, now restored to pre-war levels, mitigated the impact on GDP of falling exports last year. The consumer market is profoundly changed, with new brands from…

War in Ukraine will impel Kazakhstan to diversify

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KAZAKHSTAN

Kazakhstan’s economy has weathered well the turbulences created by the war in Ukraine. A new context for the country’s traditional aspirations to balance and diversify economic…

Diamond sanctions will have a modest impact on Russia

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RUSSIA

The ban will be extended by the end of the year to include diamonds polished in third countries, lab-grown diamonds, as well as jewellery and watches containing diamonds. The new…

Prospects for the Russian economy to end-2023

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PROSPECTS H2 2023

Despite recent economic stabilisation, future growth prospects are severely limited owing to Russia’s international isolation. A prolonged war in Ukraine would threaten the…

Russian household consumption is recovering slowly

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RUSSIA

This was the first acceleration after twelve consecutive declines and was driven by an 11% rise in the prices of services. The war in Ukraine has exposed Russia’s consumers to…