Despite Rosstat’s reports about a sharp decline in the poverty rate, tens of millions of Russian citizens are in a “pre-poverty” state, as they can only afford food and basic goods. As RBC reports, this was stated at a meeting of the Stolypin Club by Dmitry Belousov, the brother of Defense Minister Andrey Belousov, who…
The Russian housing construction market is facing a “collapse” if the annual volume of mortgage issuance falls below 4 trillion rubles, said Russian Deputy Prime Minister Marat Khusnullin. “We would like to see at least as many mortgages issued in 2026 as in 2025. We understand that to maintain the necessary pace of construction, we…
In 2025, more than 20 Russian clothing and footwear brands closed all their retail outlets. A year earlier, there were only four such companies. This follows from the data of the consulting organization CORE.XP, which are cited by “Vedomosti”. Clothing sellers Incity, Mai Collection, Mudo, Noun, Ready! Steady! Go!, Yollo, shoe retailers Megatop and Urban…