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Tuesday, May 19, 2026
TopicRussian economy

Topic: Russian economy

Ruble is world’s best performer vs dollar as Putin’s Russia reaps oil gains from Iran war

The ruble has advanced roughly 12% since the start of April to 72.6 per dollar, the strongest level since February 2023.

‘Russian economy was performing better than expected,’ says Vladimir Putin

Prime Minister Mikhail Mishustin told Putin that GDP growth may exceed 2% this year and consumer price inflation may not rise above 5% in annual terms.

Putin acknowledges Russian army could be fighting in Ukraine for ‘a long time’

Russia has been forced into a series of significant retreats in the face of Ukrainian counter-offensives, waged with increasing stocks of Western weaponry, in east & south Ukraine since July.

G7 leaders agree to explore global price cap on Russian oil. Here’s why it could be tricky

Unlike EU’s approach of phased ban on 90% of Russian oil by end of year, a price cap would mean allowing countries to continue to import Russian oil but limiting the price.

McDonald’s Russia exit is about public pressure, not social good. Being ‘woke’ is profitable

There are 20 ongoing wars happening around the world as we speak—which of them qualify for a corporate boycott? Companies are only picking their sides.

Russian billionaires face fresh blow after Putin bans firms from foreign stock listings

Putin signed off on legal amendments that require Russian companies to delist their overseas shares, winding up a process that has gathered pace with the annexation of Crimea in 2014.

Mocked by Biden as ‘rubble’, the ruble rises as Europe can’t stop guzzling Russian gas

The rapid ruble recovery gives Putin a major victory back in Russia, where many people fixate on the currency’s ups and downs, even as his military gets bogged down in Ukraine.

How US & allies’ potential sanctions on Russian oil & gas could hit life in Europe

Sanctions on energy imports from Russia could have complicated effects on oil & gas supply chains globally, and in Europe, living standards and economic activity could be impacted.

On Camera

Yrs of delay, GST rate change & other factors double Gurugram Metro project cost to over Rs 10,000 crore

Project’s original cost in 2019 was Rs 5,452 crore; Prime Minister Modi laid foundation stone in February 2024, and bhumi poojan happened in September 2025. Construction is yet to get up to speed

Drones no longer enablers, they’re replacing manned aircraft roles—CISC Air Marshal Ashutosh Dixit

Speaking at IAF think-tank seminar, Air Marshal Dixit was backed by Air Chief Marshal A.P. Singh, who said unmanned aerial systems are no longer just the eyes in the sky but ‘claws in the sky’.

Pakistan is tactically brilliant, strategically disastrous. It’s primed for repeated blunders

Pakistan has ended up losing every war against India but that hasn’t prevented it from claiming victory. We will go over the evidence to anticipate what to expect next.