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Reflections from our correspondents on the ground in the Russian capital.

MOSCOW BLOG: Little common ground as Russia prepares to offer ceasefire conditions

March 13, 2025

Bankova opened the bidding in the peace talks by calling for a 30-day ceasefire and withdrawing from Russia’s Kursk region as an act of “good faith”. But both sides have adopted harder lines with little common ground as starting positions.

MOSCOW BLOG: In Trump we "cautiously" trust, say Russian entrepreneurs

March 12, 2025

As high-stakes negotiations continue between the Trump administration and the Kremlin over a potential ceasefire or peace deal in Ukraine, middle-class Russian professionals and small business owners are seeking improvements in their working lives.

MOSCOW BLOG: A new pan-European security deal would unblock Ukraine ceasefire talks

February 21, 2025

The White House has come back with a revised mineral deal for Ukraine that softened some of the harshest clauses, but while the details have not been released it appears that the crucial inclusion of a US security deal is still missing.

MOSCOW BLOG: International values-based order is dead

February 17, 2025

In his closing remarks at the end of this year’s Munich Security Conference (MSC), the outgoing chairman Christoph Heusgen broke down into tears. The event turned into an earthquake that has destroyed the trans-Atlantic partnership.

MOSCOW BLOG: Russia’s inflation is out of control and interest rates should be 7% lower

January 16, 2025

The 11.5% spread between Russia's inflation and policy rate is unheard of in the normally conservative world of central banking.

MOSCOW BLOG: Russia's looming credit crisis

January 14, 2025

The Davis Center, part of Havard University, that warns that in addition to pumping the economy full of money to fund the war, the Kremlin is forcing banks to make $250bn worth of off-budget soft loans to defence companies that could cause a crisis.

MOSCOW BLOG: Putin 25 years in office - has he been a boon or a bane for Russia?

January 2, 2025

Putin and the Russia story is complicated. As a journalist that mainly focuses on business, as early as the end of his first year I wrote there are two Putins: the political one and the economic one. And they are very different.

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