The Bell
@thebellio.bsky.social
The Bell is the leading independent media covering Russia's economy. Founded in 2017 by a team of experienced editors, The Bell's experts write two newsletters per week with analysis of the most important economic news out of Russia: https://en.thebell.io/
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The Bell
@thebellio.bsky.social
· Nov 6
Inside the Russian Economy | Substack
The Bell is the leading independent media covering the Russian economy. Founded in 2017 by a team of experienced editors, The Bell's experts write two newsletters each week with analysis of the most i...
thebellio.substack.com
The Bell (en.thebell.io), the leading independent media covering Russia's economy, has joined Substack!
We will be publishing, for a limited period of time, our English-language newsletters in full.
Please join us & subscribe (it's free)!
thebellio.substack.com
We will be publishing, for a limited period of time, our English-language newsletters in full.
Please join us & subscribe (it's free)!
thebellio.substack.com
Thank you to everyone who joined us for our webinar yesterday, and for your thoughtful questions! The full video is now available on our website for our paid subscribers:
en.thebell.io/russias-econ...
en.thebell.io/russias-econ...
Russia’s economy hit the brakes? The Bell Webinar
Join the authors of our weekly newsletter, Alexander Kolyandr & Alexandra Prokopenko for an hour-long dissection of Russia's economic unraveling
en.thebell.io
December 11, 2025 at 7:38 AM
Thank you to everyone who joined us for our webinar yesterday, and for your thoughtful questions! The full video is now available on our website for our paid subscribers:
en.thebell.io/russias-econ...
en.thebell.io/russias-econ...
Reposted by The Bell
TODAY at 14:30 CET / 8:30 EDT!
Paid subscribers will receive a link directly to their inboxes.
If you would like to join the event today, you may subscribe to for just $1 for the first month, cancel anytime, and will be sent a link.
Looking forward!
pro.thebell.io/webinar_dece...
Paid subscribers will receive a link directly to their inboxes.
If you would like to join the event today, you may subscribe to for just $1 for the first month, cancel anytime, and will be sent a link.
Looking forward!
pro.thebell.io/webinar_dece...
The Bell — A webinar and Q&A session with Alexander Kolyandr and Alexandra Prokopenko
Russia’s economy hit the brakes — is a full stop coming? December, 10
pro.thebell.io
December 10, 2025 at 6:55 AM
TODAY at 14:30 CET / 8:30 EDT!
Paid subscribers will receive a link directly to their inboxes.
If you would like to join the event today, you may subscribe to for just $1 for the first month, cancel anytime, and will be sent a link.
Looking forward!
pro.thebell.io/webinar_dece...
Paid subscribers will receive a link directly to their inboxes.
If you would like to join the event today, you may subscribe to for just $1 for the first month, cancel anytime, and will be sent a link.
Looking forward!
pro.thebell.io/webinar_dece...
TODAY at 14:30 CET / 8:30 EDT!
Paid subscribers will receive a link directly to their inboxes.
If you would like to join the event today, you may subscribe to for just $1 for the first month, cancel anytime, and will be sent a link.
Looking forward!
pro.thebell.io/webinar_dece...
Paid subscribers will receive a link directly to their inboxes.
If you would like to join the event today, you may subscribe to for just $1 for the first month, cancel anytime, and will be sent a link.
Looking forward!
pro.thebell.io/webinar_dece...
The Bell — A webinar and Q&A session with Alexander Kolyandr and Alexandra Prokopenko
Russia’s economy hit the brakes — is a full stop coming? December, 10
pro.thebell.io
December 10, 2025 at 6:55 AM
TODAY at 14:30 CET / 8:30 EDT!
Paid subscribers will receive a link directly to their inboxes.
If you would like to join the event today, you may subscribe to for just $1 for the first month, cancel anytime, and will be sent a link.
Looking forward!
pro.thebell.io/webinar_dece...
Paid subscribers will receive a link directly to their inboxes.
If you would like to join the event today, you may subscribe to for just $1 for the first month, cancel anytime, and will be sent a link.
Looking forward!
pro.thebell.io/webinar_dece...
Since 2021, 8 of Russia’s top 10 online services have been blocked, pushed out, or taken over.
December 9, 2025 at 6:08 PM
Since 2021, 8 of Russia’s top 10 online services have been blocked, pushed out, or taken over.
TOMORROW! Russia’s economy hit the brakes — is a full stop coming?
Join Alexander Kolyandr and Alexandra Prokopenko for a live webinar followed by Q&A. Bring us your tough questions! Exclusively for our paid subscribers: first month now only $1, cancel anytime.
pro.thebell.io/webinar_dece...
Join Alexander Kolyandr and Alexandra Prokopenko for a live webinar followed by Q&A. Bring us your tough questions! Exclusively for our paid subscribers: first month now only $1, cancel anytime.
pro.thebell.io/webinar_dece...
The Bell — A webinar and Q&A session with Alexander Kolyandr and Alexandra Prokopenko
Russia’s economy hit the brakes — is a full stop coming? December, 10
pro.thebell.io
December 9, 2025 at 10:37 AM
TOMORROW! Russia’s economy hit the brakes — is a full stop coming?
Join Alexander Kolyandr and Alexandra Prokopenko for a live webinar followed by Q&A. Bring us your tough questions! Exclusively for our paid subscribers: first month now only $1, cancel anytime.
pro.thebell.io/webinar_dece...
Join Alexander Kolyandr and Alexandra Prokopenko for a live webinar followed by Q&A. Bring us your tough questions! Exclusively for our paid subscribers: first month now only $1, cancel anytime.
pro.thebell.io/webinar_dece...
This week we look at how Russia’s assault on foreign internet platforms is reaching its final stage, with new threats against WhatsApp, the blocking of FaceTime and Snapchat, and increasingly sophisticated tools to stamp out VPNs.
thebellio.substack.com/p/russia-app...
thebellio.substack.com/p/russia-app...
Russia approaching end-game of digital repression
This week we look at Russia’s intensifying assault on foreign internet platforms: new threats against WhatsApp, blocking of FaceTime and Snapchat, and increasingly sophisticated tools to block VPNs.
thebellio.substack.com
December 9, 2025 at 10:32 AM
This week we look at how Russia’s assault on foreign internet platforms is reaching its final stage, with new threats against WhatsApp, the blocking of FaceTime and Snapchat, and increasingly sophisticated tools to stamp out VPNs.
thebellio.substack.com/p/russia-app...
thebellio.substack.com/p/russia-app...
Last week, the EU added Russia to its list of countries with a high risk of money laundering and terrorist financing. This does not carry consequences as severe as being placed on the FATF blacklist, but it will certainly create problems for Russians. (continued below)
December 8, 2025 at 2:01 PM
Last week, the EU added Russia to its list of countries with a high risk of money laundering and terrorist financing. This does not carry consequences as severe as being placed on the FATF blacklist, but it will certainly create problems for Russians. (continued below)
This Wednesday at 8:30 EDT / 14:30 CET, The Bell’s Alexander Kolyandr and Alexandra Prokopenko will host a live webinar exclusively for our paid subscribers.
We are now offering subscriptions for just $1 for the first month, cancel at any time. Please join us!
pro.thebell.io/webinar_dece....
We are now offering subscriptions for just $1 for the first month, cancel at any time. Please join us!
pro.thebell.io/webinar_dece....
The Bell — A webinar and Q&A session with Alexander Kolyandr and Alexandra Prokopenko
Russia’s economy hit the brakes — is a full stop coming? December, 10
pro.thebell.io
December 8, 2025 at 8:38 AM
This Wednesday at 8:30 EDT / 14:30 CET, The Bell’s Alexander Kolyandr and Alexandra Prokopenko will host a live webinar exclusively for our paid subscribers.
We are now offering subscriptions for just $1 for the first month, cancel at any time. Please join us!
pro.thebell.io/webinar_dece....
We are now offering subscriptions for just $1 for the first month, cancel at any time. Please join us!
pro.thebell.io/webinar_dece....
This week in Inside the Russian Economy, we analyze the EU’s decision to put Russia on its financial blacklist, and what Putin hopes to bring back from his trip to India.
Free to read in our new Substack:
thebellio.substack.com/p/eu-puts-ru...
Free to read in our new Substack:
thebellio.substack.com/p/eu-puts-ru...
EU puts Russia on financial blacklist
This week we analyze the EU’s decision to put Russia on its financial blacklist, and what Putin hopes to bring back from his trip to India.
thebellio.substack.com
December 6, 2025 at 7:32 AM
This week in Inside the Russian Economy, we analyze the EU’s decision to put Russia on its financial blacklist, and what Putin hopes to bring back from his trip to India.
Free to read in our new Substack:
thebellio.substack.com/p/eu-puts-ru...
Free to read in our new Substack:
thebellio.substack.com/p/eu-puts-ru...
Next Wed Dec 10, join Alexander Kolyandr and Alexandra Prokopenko for an hour-long dissection of Russia's economic unraveling. We'll break down how we got here, what the data really shows, and where things go from here. Bring us your tough questions!
pro.thebell.io/webinar_dece....
pro.thebell.io/webinar_dece....
The Bell — A webinar and Q&A session with Alexander Kolyandr and Alexandra Prokopenko
Russia’s economy hit the brakes — is a full stop coming? December, 10
pro.thebell.io
December 5, 2025 at 8:46 AM
Next Wed Dec 10, join Alexander Kolyandr and Alexandra Prokopenko for an hour-long dissection of Russia's economic unraveling. We'll break down how we got here, what the data really shows, and where things go from here. Bring us your tough questions!
pro.thebell.io/webinar_dece....
pro.thebell.io/webinar_dece....
Exactly one week from today, The Bell's Alexander Kolyandr & Alexandra Prokopenko will host a webinar on Russia's economy exclusively for our paid subscribers, followed by live Q&A.
To learn more and join us (first month subscription now just $1, cancel anytime):
pro.thebell.io/webinar_dece....
To learn more and join us (first month subscription now just $1, cancel anytime):
pro.thebell.io/webinar_dece....
The Bell — A webinar and Q&A session with Alexander Kolyandr and Alexandra Prokopenko
Russia’s economy hit the brakes — is a full stop coming? December, 10
pro.thebell.io
December 3, 2025 at 1:05 PM
Exactly one week from today, The Bell's Alexander Kolyandr & Alexandra Prokopenko will host a webinar on Russia's economy exclusively for our paid subscribers, followed by live Q&A.
To learn more and join us (first month subscription now just $1, cancel anytime):
pro.thebell.io/webinar_dece....
To learn more and join us (first month subscription now just $1, cancel anytime):
pro.thebell.io/webinar_dece....
Russian Banks Declare War on Marketplaces
Over the past five years, online retail in Russia has gone from a small but fast-growing segment to a major industry: according to surveys, seven out of ten Russians shop there at least occasionally.
Over the past five years, online retail in Russia has gone from a small but fast-growing segment to a major industry: according to surveys, seven out of ten Russians shop there at least occasionally.
December 3, 2025 at 12:32 PM
Russian Banks Declare War on Marketplaces
Over the past five years, online retail in Russia has gone from a small but fast-growing segment to a major industry: according to surveys, seven out of ten Russians shop there at least occasionally.
Over the past five years, online retail in Russia has gone from a small but fast-growing segment to a major industry: according to surveys, seven out of ten Russians shop there at least occasionally.
This week we get under the hood of Russia’s biggest business clash of the moment as the country’s financial giants try to take on the booming online marketplaces.
Free to read in The Bell's new Substack:
thebellio.substack.com/p/russias-ba...
Free to read in The Bell's new Substack:
thebellio.substack.com/p/russias-ba...
Russia’s Banks vs. Oligarch-Backed E-Commerce Giants
This week we get under the hood of Russia’s biggest business clash of the moment as the country’s financial giants try to take on the booming online marketplaces.
thebellio.substack.com
December 2, 2025 at 12:30 PM
This week we get under the hood of Russia’s biggest business clash of the moment as the country’s financial giants try to take on the booming online marketplaces.
Free to read in The Bell's new Substack:
thebellio.substack.com/p/russias-ba...
Free to read in The Bell's new Substack:
thebellio.substack.com/p/russias-ba...
Russia’s economy hit the brakes — is a full stop coming?
Join The Bell on Dec 10 for a live webinar followed by Q&A:
pro.thebell.io/webinar_dece....
Join The Bell on Dec 10 for a live webinar followed by Q&A:
pro.thebell.io/webinar_dece....
The Bell — A webinar and Q&A session with Alexander Kolyandr and Alexandra Prokopenko
Russia’s economy hit the brakes — is a full stop coming? December, 10
pro.thebell.io
December 2, 2025 at 6:55 AM
Russia’s economy hit the brakes — is a full stop coming?
Join The Bell on Dec 10 for a live webinar followed by Q&A:
pro.thebell.io/webinar_dece....
Join The Bell on Dec 10 for a live webinar followed by Q&A:
pro.thebell.io/webinar_dece....
Russian companies are having a harder time servicing their loans.
In the first half of 2025, 58.5% of corporate loans were provided to businesses facing elevated interest burdens, according to a report by the Bank of Russia (more below)
In the first half of 2025, 58.5% of corporate loans were provided to businesses facing elevated interest burdens, according to a report by the Bank of Russia (more below)
December 1, 2025 at 12:47 PM
Russian companies are having a harder time servicing their loans.
In the first half of 2025, 58.5% of corporate loans were provided to businesses facing elevated interest burdens, according to a report by the Bank of Russia (more below)
In the first half of 2025, 58.5% of corporate loans were provided to businesses facing elevated interest burdens, according to a report by the Bank of Russia (more below)
Russia’s economy hit the brakes — is a full stop coming?
Join us on Dec 10 for our upcoming webinar with The Bell authors Alexander Kolyandr and Alexandra Prokopenko as we look closely at the state of the Russian economy, followed by live Q&A.
pro.thebell.io/webinar_dece....
Join us on Dec 10 for our upcoming webinar with The Bell authors Alexander Kolyandr and Alexandra Prokopenko as we look closely at the state of the Russian economy, followed by live Q&A.
pro.thebell.io/webinar_dece....
The Bell — A webinar and Q&A session with Alexander Kolyandr and Alexandra Prokopenko
Russia’s economy hit the brakes — is a full stop coming? December, 10
pro.thebell.io
December 1, 2025 at 9:54 AM
Russia’s economy hit the brakes — is a full stop coming?
Join us on Dec 10 for our upcoming webinar with The Bell authors Alexander Kolyandr and Alexandra Prokopenko as we look closely at the state of the Russian economy, followed by live Q&A.
pro.thebell.io/webinar_dece....
Join us on Dec 10 for our upcoming webinar with The Bell authors Alexander Kolyandr and Alexandra Prokopenko as we look closely at the state of the Russian economy, followed by live Q&A.
pro.thebell.io/webinar_dece....
This week, Alexander Kolyandr and Alexandra Prokopenko look at how the Kremlin may have the upper hand on the battlefield, but at home its top companies are struggling with the costs of the war.
Free to read in The Bell's new Substack:
thebellio.substack.com/p/wartime-de...
Free to read in The Bell's new Substack:
thebellio.substack.com/p/wartime-de...
Wartime debts drag Russian businesses down
This week we look at how the Kremlin may have the upper hand on the battlefield, but at home its top companies are struggling with the costs of the war.
thebellio.substack.com
November 29, 2025 at 9:47 AM
This week, Alexander Kolyandr and Alexandra Prokopenko look at how the Kremlin may have the upper hand on the battlefield, but at home its top companies are struggling with the costs of the war.
Free to read in The Bell's new Substack:
thebellio.substack.com/p/wartime-de...
Free to read in The Bell's new Substack:
thebellio.substack.com/p/wartime-de...
The Bell is pleased to announce our second Webinar exclusively for our paid subscribers. Please join us on Dec 10. Live Q&A will follow!
pro.thebell.io/webinar_dece....
pro.thebell.io/webinar_dece....
The Bell — A webinar and Q&A session with Alexander Kolyandr and Alexandra Prokopenko
Russia’s economy hit the brakes — is a full stop coming? December, 10
pro.thebell.io
November 28, 2025 at 1:52 PM
The Bell is pleased to announce our second Webinar exclusively for our paid subscribers. Please join us on Dec 10. Live Q&A will follow!
pro.thebell.io/webinar_dece....
pro.thebell.io/webinar_dece....
Russia's Central Bank began its first sales of physical gold from its reserves as part of the finance ministry’s efforts to fund the budget deficit:
thebellio.substack.com/p/russia-sta...
thebellio.substack.com/p/russia-sta...
Russia starts selling gold reserves
The Central Bank began its first sales of physical gold from its reserves as part of the finance ministry’s efforts to fund the budget deficit.
thebellio.substack.com
November 26, 2025 at 12:10 PM
Russia's Central Bank began its first sales of physical gold from its reserves as part of the finance ministry’s efforts to fund the budget deficit:
thebellio.substack.com/p/russia-sta...
thebellio.substack.com/p/russia-sta...
The Bell’s Peter Mironenko on the “peace” plan
“It’s hard to imagine this one will bring any more substantial progress, not least because it looks like the most slipshod proposal of all and exposes obvious contradictions within the White House itself.”
thebellio.substack.com/p/trumps-ukr...
“It’s hard to imagine this one will bring any more substantial progress, not least because it looks like the most slipshod proposal of all and exposes obvious contradictions within the White House itself.”
thebellio.substack.com/p/trumps-ukr...
Trump's Ukraine plan: Peace on the horizon?
Hello! This week we, like everybody else, have our attention fixed on just one question: Could Donald Trump’s controversial peace plan lead to an end of the war?
thebellio.substack.com
November 26, 2025 at 12:02 PM
The Bell’s Peter Mironenko on the “peace” plan
“It’s hard to imagine this one will bring any more substantial progress, not least because it looks like the most slipshod proposal of all and exposes obvious contradictions within the White House itself.”
thebellio.substack.com/p/trumps-ukr...
“It’s hard to imagine this one will bring any more substantial progress, not least because it looks like the most slipshod proposal of all and exposes obvious contradictions within the White House itself.”
thebellio.substack.com/p/trumps-ukr...
This week, The Bell highlighted cracks in Russia’s economy visible in the 3Q data, as well as Russia beginning to sell gold to help fund its budget deficit:
thebellio.substack.com/p/russias-ec...
thebellio.substack.com/p/russias-ec...
Russia's economic slowdown bites harder
This week, we analyze how Russia’s economic slowdown is hitting harder, with worse still on the horizon, and look at Russia selling off its gold reserves.
thebellio.substack.com
November 26, 2025 at 12:01 PM
This week, The Bell highlighted cracks in Russia’s economy visible in the 3Q data, as well as Russia beginning to sell gold to help fund its budget deficit:
thebellio.substack.com/p/russias-ec...
thebellio.substack.com/p/russias-ec...
Reposted by The Bell
This week, The Bell's Peter Mironenko tackles the question on everyone's minds: could Donald Trump’s controversial peace plan lead to an end of the war?
Free to read in our new Substack:
thebellio.substack.com/p/trumps-ukr...
Free to read in our new Substack:
thebellio.substack.com/p/trumps-ukr...
Trump's Ukraine plan: Peace on the horizon?
Hello! This week we, like everybody else, have our attention fixed on just one question: Could Donald Trump’s controversial peace plan lead to an end of the war?
thebellio.substack.com
November 25, 2025 at 8:47 AM
This week, The Bell's Peter Mironenko tackles the question on everyone's minds: could Donald Trump’s controversial peace plan lead to an end of the war?
Free to read in our new Substack:
thebellio.substack.com/p/trumps-ukr...
Free to read in our new Substack:
thebellio.substack.com/p/trumps-ukr...
This week, The Bell's Peter Mironenko tackles the question on everyone's minds: could Donald Trump’s controversial peace plan lead to an end of the war?
Free to read in our new Substack:
thebellio.substack.com/p/trumps-ukr...
Free to read in our new Substack:
thebellio.substack.com/p/trumps-ukr...
Trump's Ukraine plan: Peace on the horizon?
Hello! This week we, like everybody else, have our attention fixed on just one question: Could Donald Trump’s controversial peace plan lead to an end of the war?
thebellio.substack.com
November 25, 2025 at 8:47 AM
This week, The Bell's Peter Mironenko tackles the question on everyone's minds: could Donald Trump’s controversial peace plan lead to an end of the war?
Free to read in our new Substack:
thebellio.substack.com/p/trumps-ukr...
Free to read in our new Substack:
thebellio.substack.com/p/trumps-ukr...