Economics in Russia

View of Sofiyskaya Embankment from across Moskva River. Balchug Street (far left), Belltower of St. Sophia (middle), Rosneft Headquarters. The latter was built in 1890s as free public housing.

The Russian economy continues to slow down. The effects of sanctions have yet to be fully felt. For one thing, some foreign companies that left Russia kept paying their workforce as if they were still employed. Early in the war, the calculation was that Russia would come back to its senses, and they would be able to resume operations.

By the fall these payments will stop because there is a limit on how many losses these…

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Nadin Brzezinski

Nadin Brzezinski

Historian by training. Former day to day reporter. Sometimes a geek who enjoys a good miniatures game.