Latest news with #FederalStatisticsService
Bloomberg
23-07-2025
- Business
- Bloomberg
Russia Pumps Less Gas as China Fails to Offset Lost Europe Flows
Russia's gas output declined in the first half of the year as higher exports to China and increased domestic demand failed to make up for lost flows to Europe via Ukraine. The nation produced 334.8 billion of natural and associated gas through June, down 3.2% from the same period a year ago, according to Bloomberg calculations based on industrial output data from the nation's Federal Statistics Service. Russia's energy giant Gazprom PJSC accounts for nearly two thirds of Russia's gas output.
Bloomberg
11-07-2025
- Business
- Bloomberg
Russian Coal Sector's Slide Into Crisis Shows Cracks in Economy
Russia's coal industry has slipped into crisis under the weight of high borrowing costs and sanctions as slowing demand in China compounds with falling prices to expose deeper cracks in the economy. Only half of Russia's coal companies remained profitable in 2024, according to the Federal Statistics Service, and the situation is continuing to deteriorate. One top miner, Mechel PJSC, said on June 30 that it may cut sales by a quarter this year and has already begun scaling back output as each newly mined ton deepens losses. Some mines in Siberia have had to halt output.
Bloomberg
09-05-2025
- Business
- Bloomberg
Russian Potato Crisis Adds to Putin's Inflation Headache
Russia is being gripped by a potato crisis. The price Russians pay for them has jumped to a record, climbing nearly 50% this year alone to mark the biggest increase of any tracked food, according to the Federal Statistics Service. That follows an almost doubling in prices in 2024 amid poor harvests.
Bloomberg
05-02-2025
- Business
- Bloomberg
Russia's Tight Policy Shows Few Signs of Slowing Inflation Yet
Russian price growth is showing little sign of a significant slowdown as the central bank prepares to discuss record-high interest rates amid massive government spending on President Vladimir Putin's invasion of Ukraine. Consumer prices in the week through Feb. 3 advanced 0.16% after rising 0.22% the previous week, according to data from the Federal Statistics Service released Wednesday. The Economy Ministry now estimates annual inflation at 9.92%, still more than double the central bank's target.
