Putin criticises Trump's sanctions on oil firms
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She worked at Russia’s central bank until early 2022. To sustain its war against Ukraine, Russia militarized its economy. Although—contrary to popular belief abroad—the Russian economy is not on a full wartime footing,
The US and EU target Russia’s oil giants Rosneft and Lukoil in the toughest sanctions since the Ukraine war began, testing Moscow’s war economy but risking higher global prices.
Along with India, China is a major buyer of Russian crude. The two countries declared a "no limits" partnership in February 2022 when Putin visited Beijing just days before he sent tens of thousands of troops into Ukraine, triggering the deadliest land war in Europe since World War Two.
From railways and cars to metals, coal, diamonds and cement, some of Russia's biggest industrial companies are temporarily laying employees off or cutting staff as the war economy slows, domestic demand stalls and exports dry up.
Russia's GDP growth is expected to fall short of the 2% annual growth target required to cover defense, security, social spending, and investment.
Massive military spending has kept GDP high. But years of costly conflict are finally taking their toll, with Russia facing a nasty mix of high prices, stagnant lending, plummeting growth and corporat
Last month, it was also claimed that Russia has lost some 486,000 businesses since 2022, leaving the country with 3.17 million business enterprises operating across the country as of September 1, 2025. This is the lowest level since 2010, according to Ukraine's foreign intelligence service (SZRU).
Kyiv Independent on MSN
Why does Russia want Donbas? 6 things to know about the region Ukraine is being pressured to give up
Russian President Vladimir Putin is once again trying to seize through political backchanneling what he has failed to capture by force. According to the Financial Times (FT), Putin once again is trying to entice U.
Russia’s war in Ukraine has sparked a demographic crisis and labor shortage, fueled by military casualties, emigration, and a shrinking population with economic impacts.
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