Eastern Europe / Data
IntelliNews Lambda: The cost of Russia’s iconic Olivier salad and the Borscht index both up as food inflation bites
The cost of Russia’s traditional Olivier salad has risen 4% ahead of the 2026 New Year holidays, according to new data published by TASS on December 5, citing research from financial services marketplace Sravni.
Russia's services sector PMI expands in November despite muted private sector growth
Russia’s services economy registered a modest expansion in November, according to new survey data from S&P Global, even as the broader private sector showed signs of stagnation.
Russia turns to gold reserves as sanctions squeeze deepens
Russia has begun to sell off its strategic gold reserves to offset the growing budget deficit brought on by Western sanctions, falling oil prices and economic problems that are getting worse, according to Kyrylo Shevchenko, former Governor of the Nat
Russia-EU trade turnover falls to historic low as sanctions bite
Trade between Russia and the European Union has plummeted to its lowest level on record, as sanctions, energy decoupling, and sanctions bite, Izvestiya reported on December 2.
Russian manufacturing contracts for sixth straight month to 48.3 in November as output drops sharply
Russia’s manufacturing sector continued to contract in November, marking the sixth consecutive month of decline, as output levels fell at the fastest pace since April 2022 and new orders continued to weaken, S&P Global reported on November 28.
Russia corporate debt burden risks rise, 17 leading companies in trouble
Russia’s corporate debt crisis is rising faster than expected, with the number of leading companies that represent two fifths of GDP in increased danger of going bankrupt, according to the Central Bank of Russia (CBR).
Russian corporate profits down 8%, losses surged by a quarter in 9M25
Russian companies reported profits were down nearly 8% and losses have surged by a quarter in 3Q25 y/y. Financial stress across key sectors in the economy is rising over the first nine months of 2025, according to Rosstat,
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Russia’s oil and gas revenues fall 35% in November, already hurting the budget
Russia’s oil and gas revenues fall 35% in November to RUB520bn (€5.7bn) Russia’s federal oil and gas revenues are expected to decline by 35% year-on-year in November to RUB520bn (€5.7bn), according to Reuters calculations.
Russian stocks rally on reports of Trump-backed Ukraine peace plan
Russian equities rallied strongly at the start of trading on November 21 after details of the US 28-point peace plan were released the previous evening. Investor sentiment got a fillip as a possible deal is on the cards.
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Russia automotive output slumps to levels of first months of Ukraine war as demand slumps
Russia’s automotive industry — once a symbol of the country’s industrial ambitions — has entered another sharp downturn, reversing the fragile recovery seen in 2023 and early 2024.
Russia’s manufacturing PMI falls to its lowest level since May 2022 in October
Russia’s manufacturing sector saw a deeper contraction in October, with output, new orders, and business confidence all weakening, according to the latest Purchasing Managers’ Index (PMI) data from S&P Global, published on November 1.
Ruble strengthens as sanctioned oil companies repatriate cash
The Russian ruble strengthened after the Trump administration imposed oil sanctions on Russia’s leading oil companies, extending a rally that began after the Biden administration imposed oil sanctions on Russia in January.
Russia's central bank cuts rates by 50bp to 16.5%
The Central Bank of Russia (CBR) cut rates by 50bp on October 24 to 16.5% in an effort to boost flagging growth despite fears of a revival of inflationary pressure due to an upcoming two percentage point hike in the planned VAT rates.
Ukraine's trade deficit doubles to $42bn putting new pressure on an already strained economy
Ukraine’s trade deficit has doubled to $42bn as exports fall and imports balloon. The balance of payments deficit is starting to turn into a serious problem that could undermine the country’s macroeconomic stability.
EU rare earth supply dominated by China and Russia - Eurostat
The European Union remains heavily dependent on China and Russia for rare earth imports, with nearly three-quarters of its supply sourced from the two countries in 2024, according to data published by Eurostat and reported by Statista.
Ukrainian M&A market grows 22% despite war, driven by local investors
Two large acquisitions by agriculture holding MHP and mobile operator Kyivstar accounted for more than half of the total deal value.
Ukraine’s credibility crisis: corruption perception still haunts economic recovery
Despite an active reform narrative and growing international engagement, corruption remains the biggest drag on Ukraine’s economic credibility, according to a survey by the Kyiv International Institute of Sociology.
Military aid for Ukraine falls despite new Nato PURL initiative – Statista
The Kiel Institute for the World Economy found that military aid to Ukraine dropped sharply in July and August compared to previous months, despite the implementation of the Nato PURL initiative.
IMF cuts Russia’s 2025 growth forecast to 0.6%, leaves Ukraine's unchanged at 2%
The International Monetary Fund has lowered its forecast for Russia’s economic growth in 2025 to just 0.6%, marking the second-steepest downgrade among major economies, even as it raised its global outlook.
Russia's PMI indices plummet as economy cools
Russia’s private sector entered deeper contraction in September, as both services and manufacturing activity declined, according to the latest PMI data published by S&P Global.