After years of insulation from the effects of Vladimir Putin’s war, Russia’s economy is finally starting to take a hit.

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 ...

The Vienna Institute for International Economic Studies found Russia’s growth has slumped due to sky-high interest rates.

Prime Minister Mikhail Mishustin offered a dark assessment of Russia’s economic and fiscal situation at a Cabinet meeting on Thursday. Even the pro-Kremlin Moskovskij Komsomolets newspaper struggled ...

Russia's new wave of tax hikes, designed to mobilise state finances as the war in Ukraine grinds on, is set to hit one in 10 ...

Russia said on Wednesday it was economically stable and its army was advancing in Ukraine, rejecting comments by U.S.

A Ukrainian drone campaign has knocked out 17% of Russia’s refining capacity, fueling shortages and price spikes across the country. Massive defense spending, making up 41% of the 2025 budget, has ...

Russia faces a fuel crisis, with gasoline prices rising over 30 percent due to Ukrainian drone strikes on refineries. The economy is slowing, with GDP contracting and inflation nearing 10 percent, ...

VLADIVOSTOK, Russia (Reuters) -President Vladimir Putin denied on Friday that Russia's economy was stagnating, despite a report from the central bank that suggests it is technically in recession. In a ...

SCOTT BESSENT, America’s treasury secretary, recently used a metaphor to describe the state of play in the Russo-Ukrainian war. “We are in a race,” he said. “How long can the Ukrainian military hold ...

New warnings emerge from Western analysts claiming that Russia’s economy is teetering on the brink of collapse. Allegations ...

MOSCOW, September 29. /TASS/. Consumer and investment demand remains the main driver of Russia’s economic growth, Finance Minister Anton Siluanov said in an interview with TASS. "Domestic demand, both ...