Russian newspapers report growing economic challenges: airfares could rise by 40%, mortgage arrears are at record levels, and wage arrears are rising for the second year in a row.
Prices for basic goods such as potatoes and butter have risen significantly, hitting Russian households hard.
Donald Trump’s unpredictable trade policy is creating fears of a recession and negatively affecting oil prices, which could lead to a budget deficit in Russia.
A Levada poll shows that 63% of Russians believe rising prices are the country’s biggest problem. This is being felt by Russians, who have seen all basic goods become more expensive in recent months. For example, the price of potatoes has increased by 90% over the past year, while butter has become 35% more expensive.
For Russia, the fall in oil prices will be one of the main consequences of the US tariffs. $60 a barrel is the average annual price for Urals crude that is comfortable for Russia’s economy, a Russian economist told the newspaper, according to the BBC’s Russia editor.
If the price is $40, then gross domestic product (GDP) will fall. $50 is the dividing line and that corresponds to approximately zero growth.
On April 9, the price of crude oil fell below $50 a barrel for the first time since June 2023. This week the price has recovered somewhat, but the International Energy Agency predicts another drop.
In February this year, the independent, non-governmental agency Levada conducted a poll with the following question: “Which of the following problems in our society worry you the most, and do you consider them the most urgent?” 63 percent answered that rising prices are Russia’s biggest problem.
– Inflation will become a serious challenge for ordinary Russians and the country's economy in 2025. Everything around us continues to jump in price: vegetables, housing costs, electricity, water, sewage, medicine and transport, Rosenberg was quoted as saying by the Moskovskij Komsomolets newspaper in early February.
Russian newspapers report growing economic challenges: airfares could rise by 40%, mortgage arrears are at record levels, and wage arrears are rising for the second year in a row.
Prices for basic goods such as potatoes and butter have risen significantly, hitting Russian households hard.
Donald Trump’s unpredictable trade policy is creating fears of a recession and negatively affecting oil prices, which could lead to a budget deficit in Russia.
A Levada poll shows that 63% of Russians believe rising prices are the country’s biggest problem. This is being felt by Russians, who have seen all basic goods become more expensive in recent months. For example, the price of potatoes has increased by 90% over the past year, while butter has become 35% more expensive.
For Russia, the fall in oil prices will be one of the main consequences of the US tariffs. $60 a barrel is the average annual price for Urals crude that is comfortable for Russia’s economy, a Russian economist told the newspaper, according to the BBC’s Russia editor.
If the price is $40, then gross domestic product (GDP) will fall. $50 is the dividing line and that corresponds to approximately zero growth.
On April 9, the price of crude oil fell below $50 a barrel for the first time since June 2023. This week the price has recovered somewhat, but the International Energy Agency predicts another drop.
In February this year, the independent, non-governmental agency Levada conducted a poll with the following question: “Which of the following problems in our society worry you the most, and do you consider them the most urgent?” 63 percent answered that rising prices are Russia’s biggest problem.
– Inflation will become a serious challenge for ordinary Russians and the country's economy in 2025. Everything around us continues to jump in price: vegetables, housing costs, electricity, water, sewage, medicine and transport, Rosenberg was quoted as saying by the Moskovskij Komsomolets newspaper in early February.
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