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Russia Economy Meltdown as Car Market Plummets by Nearly 50%
10 Articles
10 Articles
Russia's economy weakens. From a purely economic point of view, the country needs peace at the latest next year, says economist Oleg Vjugin.
Russia's revenues from the sale of oil and gas are falling dramatically, which weakens the budget to a greater extent. Among other things, this is due to sanctions.
Putin's attack on Ukraine three years ago has prompted the West to introduce massive sanctions against Russia and thus cause serious damage to the economy. However, figures show that the Kremlin is finding ways out.
Waiting for Renault After rebounding in 2024, Russia’s new car market sees yet another wartime plunge
In 2022, when Moscow launched its full-scale invasion of Ukraine, new car sales in Russia plunged, falling more than 50 percent. Over the following two years, the market rebounded, and by 2024, sales had nearly returned to 2021 levels. But in 2025, the trend has reversed again: between January and May, Russians bought 26 percent fewer cars than during the same period last year. The independent outlet iStories recently dug into what’s driving the…
Former Russian President Dmitry Medvedev was in political retirement at the beginning of 2022, but Russia's invasion of Ukraine gave him an opportunity to claw his way back to power. A new investigation by investigators has shown that in the past three years he has not only gained popularity but also made a lot of money, mainly through charitable foundations run by his friends and family.
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Bias Distribution
- 60% of the sources lean Left
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