{"id":152915,"date":"2025-06-02T19:54:10","date_gmt":"2025-06-02T19:54:10","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/152915\/"},"modified":"2025-06-02T19:54:10","modified_gmt":"2025-06-02T19:54:10","slug":"russian-economic-nightmare-as-national-post-firm-sees-139m-loss-world-news","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/152915\/","title":{"rendered":"Russian economic nightmare as national post firm sees \u00a3139m loss | World | News"},"content":{"rendered":"

Russia<\/a> is facing a fresh economic<\/a> nightmare as pre-tax losses at the country’s post firm<\/a> have nearly doubled, data suggests. The net loss of JSC Russian Post<\/a> – the company responsible for the delivery of mail and the issuing of postage stamps – amounted to 14.9billion rubles (\u00a3139million) in Q1, according to Russian news service Interfax. This figure more than double the same period in 2024, according to the firm’s financial statements say.<\/p>\n

Russian Post’s revenue<\/a> in January-March amounted to 52.5billion rubles (\u00a3490million), down 4.4% compared to the same period last year. This included revenues from postal services amounted to 26.5billion rubles (\u00a3247million), having decreased by 9.3%. Revenues from the sale of goods decreased by 5.2% – to 6.2billion rubles (\u00a357million). The commission for the provision of services for the payment of pensions and benefits increased by 1.9% – to 8.7billion rubles (\u00a381million).<\/p>\n

The company received a commission for services for accepting utility payments. Operating losses increased by 1.8 times to 10 billion rubles (\u00a393million).<\/p>\n

The loss before income tax amounted to almost 15 billion rubles (\u00a3140million), increasing by 1.7 times compared to the figure for the first quarter of 2024.<\/p>\n

It comes as Russia<\/a>\u2019s stock market went down as the main trading session started on Monday, with the MOEX Index falling by 1.18% to 2,795.5 points, the TASS news service reports.<\/p>\n

The the RTS Index lost 1.18% to 1,120.17 points, according to trading data as of 10am Moscow time.<\/p>\n

Although, Russia<\/a>\u2019s Manufacturing Purchasing Managers\u2019 Index (PMI) rose to 50.2 points in May 2025 from 49.3 points in the previous month, the S&P Global analytical agency said in a report.<\/p>\n

“The latest upturn followed back-to-back declines, but was only fractional overall and below the series average,” the document said.<\/p>\n

A score of more than 50 represents economic expansion, and below 50 hints at contraction compared to the month prior.<\/p>\n

It is claimed that a fresh increase in new orders at manufacturers in May contributed towards the rise in the headline index.<\/p>\n","protected":false},"excerpt":{"rendered":"Russia is facing a fresh economic nightmare as pre-tax losses at the country’s post firm have nearly doubled,…\n","protected":false},"author":2,"featured_media":152916,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,1700,332,65144,16,15,333,26102,5190],"class_list":{"0":"post-152915","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-russia","11":"tag-russian-post","12":"tag-uk","13":"tag-united-kingdom","14":"tag-vladimir-putin","15":"tag-world-section","16":"tag-world-economy"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114615527907640572","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/152915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=152915"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/152915\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/152916"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=152915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=152915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=152915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}