Economy

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New Economic Policy
March 01, 2021

New Economic Policy

In the Soviet era, NEP had always been regarded as a strange, only vaguely understood, and not very sensible chapter in Soviet history: a pause between the heroic Civil War and the no less heroic Five-Year Plans.

December 16, 2020

"Map of Resistance" in St. Petersburg

“Not working at all is death… The authorities chose a blow worse than a lockdown. Any sane person understands that the coronavirus is terrible. But this does not mean that the coronavirus should kill an industry to the point that it cannot be restored in any way.”

- Alexander Konovalov, organizer of the “Map of Resistance,” a group of bars and restaurants in St. Petersburg that plan to defy new coronavirus restrictions calling to close all bars and restaurants from December 30 through January 3
No Cash, It's Cold
December 02, 2020

No Cash, It's Cold

“The share of completely non-cash customers who use a bank card but do not withdraw cash from an ATM for a month is steadily growing. Now it is 39%, which is 5 percentage points higher than before the pandemic.”

– Alexander Vedyakhin, First Deputy Chairman of the Board of Sberbank, on the growing number of clients who are not using cash at all

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