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

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.

MOSCOW BLOG: EU under intense pressure to confiscate Russia’s frozen $300bn

December 18, 2024

The EU is under intense pressure to seize Russia’s frozen $300bn of reserves, as crises in funding the war in Ukraine and finding the funds to pay for reconstruction loom.

MOSCOW BLOG: Three of US’ key regional allies are in turmoil

December 4, 2024

Three of the US military outposts in key regions of the world are either under attack or in chaos. Israel in the Middle East, Ukraine in Europe and now South Korea in East Asia are all in turmoil thanks to the rise of geopolitical tensions.

MOSCOW BLOG: The EU loses its appeal

November 6, 2024

One of the salient points is that would-be members have never been interested in the “values” part of the deal and see the need to adhere to them simply as an annoyance that has to be tolerated if you want access to the transformation grants.

MOSCOW BLOG: The EU loses its appeal

November 5, 2024

After the collapse of the Soviet Union the only thing almost all the former republics and vassal states wanted to do was join the European Union. It was a no brainer. Not any more. A growing number of countries have cooled on joining the EU.

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