How long can Putin sustain his war with the West? Is Russia’s economy nearing a breaking point? What are the country’s elites really thinking? The Bell delivers clear-eyed, independent analysis from Russian journalists with deep insider access. Join us:

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This week The Bell looks into how Russia finances its war on Ukraine, and why it could be storing up problems for the future.

Free to read on our new Substack:

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"By the start of October, the proportion of non-performing loans made up 12.9% of all outstanding unsecured consumer debt."

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Is Russia facing a debt crisis? This week we take a closer look at Russian banks under increasing pressure from a credit crisis. Free to read in our new Substack:

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Alexandra Prokopenko: "Prominent political scientist Ekaterina Shulman and others were labeled as terrorists by the Kremlin. This can cause trouble even in the West. Moscow exploits this blind spot to punish dissent using the West’s own compliance system."

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A sneak peak of our newsletter coming later today on foreign banks in Russia...please subscribe for free to our new Substack to read in full!

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Russia takes a step back from tax hikes it planned to slap on small businesses:

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Europe ending the issuance of multi-entry visas for Russians will likely do little to stop nefarious actors and Russian spies infiltrating the bloc.

A closer look in The Bell's latest Substack (free to subscribe!):

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This week, The Bell discusses the implications of Washington blocking a multi-billion Euro deal involving sanctioned Russian oil giant Lukoil, and a partial climbdown by the Russian government over its controversial tax hikes.

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The Bell (en.thebell.io), the leading independent media covering Russia's economy, has joined Substack!

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Is Russia's labor market cooling? The Bell's expert authors Alexandra Prokopenko and Alexandr Kolyandr take a closer look at the figures (free to read):

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