Russia’s out-of-control military spending With spending on the war in Ukraine potentially accounting for 45% of Russia’s budget by the end of the year, what are the implications for the rest of the economy?
A friend in greed Russia is giving away the assets of Western companies to Putin’s friends. Who profits from the ‘temporary’ nationalisation of foreign assets?
The unfair share Russian businessmen have acquired Western companies’ assets worth €35 billion for next to nothing. Novaya-Europe lists entrepreneurs who have benefited most from the Ukraine war
Russia’s ‘superprofits’ tax: what is it and how does it work? Russian authorities are going to force companies, even those operating at a loss, to pay an instalment on ‘superprofits’ to the state budget
The ones that remained The profits of Western businesses that decided to stay in Russia have skyrocketed — in 2022, the top-100 of these firms made over €12 billion. Novaya-Europe investigates
A car crash you can’t look away from: Russian car production industry plummets after Ukraine war Two-thirds of all factories came to a standstill, while the rest are assembling Chinese models
Putin’s gold The West has been trying to confiscate assets of the Russian Central Bank for a whole year now. Over this time, the Kremlin has accumulated $100 billion more in ‘shadow reserves’ stored overseas
What is the price regular Russians pay for war and sanctions? The Russian consumer market suffered a record collapse in 2022. Novaya-Europe investigates the available data
How Russia seizes Ukrainian businesses on occupied territories Thousands of companies in Mariupol, Melitopol, and other occupied cities have been re-registered in Russia. Novaya-Europe investigates
Budget off to the front Russia’s budget was short 1.7 trillion rubles in January. Still, there are enough funds for ‘a couple years of war’, Novaya-Europe’s source says
War unbudgeted for In December, Russia’s budget bore the real brunt of sanctions for the first time, but it held its own — for now. We explain what happens next
The cost of war The exorbitant war expenditures are starting to affect Russia’s state budget. Here are the first signs the mobilisation will make the economy go under
It’s payback time The West demands reparations for Ukraine. In turn, Kremlin threatens to seize hundreds of billions of dollars’ worth of foreign assets
‘No sanctions in the world are capable of bringing an economy to a halt’ Sergey Aleksashenko, an economist, elaborates on why Western and other countries continue trade with Russia