Latest news with #Rosstat
Yahoo
23-05-2025
- Business
- Yahoo
Russia cuts key projects in aviation, tech, auto industries as oil revenues plummet
The Russian government is slashing budgets for major projects across a number of sectors in response to plummeting revenues from oil and gas, the pro-Kremlin news outlet Kommersant reported on May 22. Earlier this month, oil prices in Russia dropped to a two-year low. Prices fell below $50 per barrel — about 40% lower than what was planned in the Russian budget, Reuters reported on May 6. In response to the price collapse, the Kremlin has introduced sweeping budget cuts to several state programs, Kommersant reports. These include programs to develop Russia's aviation, automotive, tech, shipping, and robotics industries. The state will cut an aviation development program by 22%, reducing the original budget of 101.2 billion rubles to 78.8 billion. The aim of the program was to replace Western aircraft with Russian planes. Read also: Ukraine's new drone strategy — cripple Moscow's airports, make Russian population 'pay' A program aiming to increase the output of Russia's civilian goods by 40% by the year 2030 has also been targeted for funding cuts and is set to lose 66.9 rubles in 2025. Funds for the nation's "high-tech industries" will lose 46 billion rubles, the automotive industry will be slashed by 35 billion rubles, and support for "the production of innovative transport" will drop by 25 billion rubles. Funds for the production of ships and ship equipment will lose out on 12.6 billion rubles. A program to boost the production of industrial robots will lose nearly a third of its budget (1.7 billion out of 5.6 billion rubles). The Russian state statistics agency Rosstat reported on May 16 that the country is experiencing a significant downturn in economic growth, exacerbated by oil prices, Western sanctions, and inflation. Oil and gas revenues accounted for nearly 30% of Russia's budget in January and February, according to government data cited by Bloomberg. Moreover, income from fossil fuel exports is a key funding source for Russia's full-scale war against Ukraine. Soaring military expenditures have strained the Kremlin's budget even as Western sanctions increasingly target Russia's "shadow fleet" of oil tankers and the nation's gas exports. Read also: Editorial: Russia just said it doesn't want peace. This is what you need to do We've been working hard to bring you independent, locally-sourced news from Ukraine. Consider supporting the Kyiv Independent.
Miami Herald
20-05-2025
- Politics
- Miami Herald
Russia Classifies Population Data as Birth Rates Plunge to 200-Year Low
Russia has moved to classify key demographic statistics following a dramatic collapse in its birth rate, which has plunged to levels not seen since the late 18th or early 19th century, according to a leading Russian demographer. Newsweek has contacted Russia's Foreign Ministry for comment by email. For decades, Russia has been experiencing a plunging birth rate and population decline, which appears to have worsened amid its ongoing invasion of Ukraine-with high casualty rates and men fleeing the country to avoid being conscripted to fight. Projections estimate that Russia's population will fall to about 132 million in the next two decades. The United Nations has predicted that in a worst-case scenario, by the start of the next century, Russia's population could almost halve to 83 million. Demographer Alexey Raksha, who previously worked with Russia's Federal State Statistics Service (Rosstat), said the agency recently ceased publishing detailed demographic data. In its monthly report published on May 16, Rosstat omitted figures for births and deaths for the most recent reporting period, along with monthly data on marriages and divorces, Raksha said. Of the five demographic tables previously published by Rosstat, only one remained in the latest report. It provided data on births, deaths, marriages and divorces only as a cumulative total from the beginning of the year, he said. "In fact, since March 2025, there have been almost no publicly available demographic statistics in Russia," Raksha wrote. "The level of demographic panic within the government has reached epic proportions," he continued. In March, Raksha said Russia might be seeing its lowest birth rates since the late 1700s. Births dropped by 6 to 7 percent in February and by 3 to 4 percent in March, the demographer said. In the first quarter of 2025, between 293,000 and 294,000 births were registered in Russia-2.4 percent lower than the first quarter of last year, he said. "March 2025 likely recorded the lowest number of births on the territory of today's Russian Federation since the late 18th to early 19th century," Raksha wrote on his Telegram channel. The average number of children per woman remained almost the same in the first quarter, decreasing from 1.432 to 1.431, the demographer said. Russian authorities have restricted access to abortions and contraception and have even offered pregnant women payouts in a bid to encourage the population to have children. In 2023, Valery Seleznev, a member of the Russian State Duma, proposed releasing women convicted of minor charges from prisons so they could conceive. Last year, Kremlin press secretary Dmitry Peskov said reviving the nation's birth rate was one of Russia's "top priorities." He called the situation "catastrophic." Kremlin spokesperson Dmitry Peskov said in July: "We live in the largest country in the world. And our numbers are decreasing every year. And this can only be dealt with by increasing the average birth rate." In addition to classifying population data, Russia plans to ban "childfree ideology." On September 1, Roskomnadzor, Russia's telecommunications regulator, is set to implement an order that could affect media such as Game of Thrones, Sex and the City and the Harry Potter franchise. Related Articles Donald Trump Reacts After Calls With Vladimir Putin and Volodymyr ZelenskyTrump Reveals What Putin Told Him About Melania During Two-Hour CallRussia Pulled Nuclear-Capable ICBM Launch: ReportUkraine Strikes Russian Radar on Black Sea's 'Boyko Towers': Video 2025 NEWSWEEK DIGITAL LLC.
Newsweek
20-05-2025
- Politics
- Newsweek
Russia Classifies Population Data as Birth Rates Plunge to 200-Year Low
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Russia has moved to classify key demographic statistics following a dramatic collapse in its birth rate, which has plunged to levels not seen since the late 18th or early 19th century, according to a leading Russian demographer. Newsweek has contacted Russia's Foreign Ministry for comment by email. Why It Matters For decades, Russia has been experiencing a plunging birth rate and population decline, which appears to have worsened amid its ongoing invasion of Ukraine—with high casualty rates and men fleeing the country to avoid being conscripted to fight. Projections estimate that Russia's population will fall to about 132 million in the next two decades. The United Nations has predicted that in a worst-case scenario, by the start of the next century, Russia's population could almost halve to 83 million. What To Know Demographer Alexey Raksha, who previously worked with Russia's Federal State Statistics Service (Rosstat), said the agency recently ceased publishing detailed demographic data. In its monthly report published on May 16, Rosstat omitted figures for births and deaths for the most recent reporting period, along with monthly data on marriages and divorces, Raksha said. Of the five demographic tables previously published by Rosstat, only one remained in the latest report. It provided data on births, deaths, marriages and divorces only as a cumulative total from the beginning of the year, he said. "In fact, since March 2025, there have been almost no publicly available demographic statistics in Russia," Raksha wrote. "The level of demographic panic within the government has reached epic proportions," he continued. In March, Raksha said Russia might be seeing its lowest birth rates since the late 1700s. Births dropped by 6 to 7 percent in February and by 3 to 4 percent in March, the demographer said. In the first quarter of 2025, between 293,000 and 294,000 births were registered in Russia—2.4 percent lower than the first quarter of last year, he said. "March 2025 likely recorded the lowest number of births on the territory of today's Russian Federation since the late 18th to early 19th century," Raksha wrote on his Telegram channel. The average number of children per woman remained almost the same in the first quarter, decreasing from 1.432 to 1.431, the demographer said. Russian authorities have restricted access to abortions and contraception and have even offered pregnant women payouts in a bid to encourage the population to have children. In 2023, Valery Seleznev, a member of the Russian State Duma, proposed releasing women convicted of minor charges from prisons so they could conceive. Last year, Kremlin press secretary Dmitry Peskov said reviving the nation's birth rate was one of Russia's "top priorities." He called the situation "catastrophic." What People Are Saying Kremlin spokesperson Dmitry Peskov said in July: "We live in the largest country in the world. And our numbers are decreasing every year. And this can only be dealt with by increasing the average birth rate." What Happens Next In addition to classifying population data, Russia plans to ban "childfree ideology." On September 1, Roskomnadzor, Russia's telecommunications regulator, is set to implement an order that could affect media such as Game of Thrones, Sex and the City and the Harry Potter franchise.
Daily Tribune
17-05-2025
- Business
- Daily Tribune
Russian GDP growth slows in first quarter of 2025
Moscow Russia's economic growth slowed to 1.4 percent year-on-year in the first quarter of 2025, the lowest quarterly figure in two years, data from the official state statistics agency showed Friday. The Russian economy grew by 1.4 percent in the first three months of the year, compared with a 4.5 percent expansion in the previous quarter, Rosstat data showed. Inflation in April remained above 10 percent, figures showed.
Yahoo
17-05-2025
- Business
- Yahoo
Russian economic growth slowing down, Rosstat reports
Russia's economy is experiencing a sharp slowdown in growth, according to a report released by the governmental statistics agency Rosstat on May 16. Gross domestic product (GDP) only grew by 1.4% in the first quarter of 2025 – a notable decline from 4.5% growth in the previous quarter and 5.4% in the same period last year, the reported, citing Rosstat data. The latest data from Rosstat came in below expectations: the Russian Economic Development Ministry estimated GDP growth at 1.7% and Bloomberg analysts predicted 1.8% growth. According to Egor Susin, an executive from Gazprombank (the third largest bank in Russia, currently under ), Rosstat's data show a "sharp slowdown in the economy." Compared to last quarter, the economy has already contracted 0.4% – the first such decline since 2022, according to Raiffeisenbank. Other analysts point to Central Bank policies, sanctions, supply difficulties, and high inflation as reasons for the economy's decline. Moreover, "the situation is complicated by low oil prices," Raiffeisenbank analysts note, as revenues fell 10% from January to April. A from the Stockholm Institute of Transition Economics (SITE) also revealed that, despite narratives from the Kremlin, Russia's economy is under increasing strain from its in and Western sanctions. As Moscow and Kyiv discuss potential peace deals, the Russian economy may face another shock if military spending is reduced. Conversely – if peace talks fail – and the United States may impose additional on Russia, putting further strain on its economy. Read also: 'Time to increase the pressure' — Zelensky, European leaders speak with Trump following Istanbul peace talks We've been working hard to bring you independent, locally-sourced news from Ukraine. Consider supporting the Kyiv Independent.
