2024: Trends of the Year In Russia
These trends reflect significant shifts in political, social, and cultural landscapes, particularly within Russia.
2024: Repression as Applied Policy In Russia
One of the regime’s primary tools of repression has been the stigmatization associated with the “foreign agent” status.
2024: Resignation of Shoigu and Multivector Dynamics of the Special Military Operation
The resignation of Sergey Shoigu as Minister of Defense, accompanied by the purge of his associated political clan, emerged as the most significant development in 2024.
Russia’s Trade Balance Hits Post-Pandemic Low
According to the Central Bank of Russia, the difference between the value of exported and imported goods in Q4 2024 contracted by 35% year-on-year.
Russia Struggles to Replace Foreign Software Amid Persistent Shortages
The country faces 837 software gaps, with 412 lacking domestic alternatives, highlighting its reliance on foreign technology.
Ozbor Enterprises Secures Gas Transit via Turkish Stream, Set to Begin February 1
According to Russian newspaper Kommersant, Moscow is expected to provide financial aid amounting to $160 million to support this initiative.
Russia’s Central Bank Considers Rate Hike Amid Inflation Concerns
The CBR’s rationale for advocating a rate hike is rooted in accelerated price growth observed in December.
Russia’s Federal Budget Deficit Hits ₽3.5 Trillion: A Record High
This alarming figure has far exceeded initial projections and highlights significant challenges in the country’s fiscal management.
Russia May Face Increased Fiscal Oversight
The measures are aimed at targeting the informal economy by implementing stricter monitoring of money transfers and unregistered transactions.
Russian Senate Considers Mandatory Identity Verification for Domain Owners via Government Portal
Sources familiar with the proposal indicate that Russian authorities aim to introduce mandatory registration for internet access by the end of 2025.
Russian Exporters Face Mounting Challenges in Repatriating Foreign Revenue Amid New US Sanctions
The November sanctions package has exacerbated delays in transactions, account freezes abroad, and the rising cost of cross-border operations.
Musk’s Big Move: Could X Replace Telegram in Russia?
The negotiations have been ongoing for months, with Musk showing strong interest in strengthening X’s foothold in the Russian market.
Kremlin’s Economic Strategy Amid the Ukraine Conflict: A Game of Deception and Survival
Central to the strategy has been an effort to mislead the global community about Russia’s true economic conditions and resource capabilities.