Economy News Russia S Economy Is Spiraling The State Of Its Car Industry Shows Just How Badly It S Deteriorated

Russia pushes back against Trump claim that the Russian economy is near collapse

One of President Vladimir Putin’s top economic officials on Wednesday pushed back at U.S. President Donald Trump’s warning that the Russian economy was going to collapse amid lines for gasoline in ... Read More

Russia's industrial titans furlough workers as its war economy stalls

From railways and automobiles to metals, coal, diamonds and cement, some of Russia's biggest industrial companies are putting employees on furlough or cutting staff as the war economy slows, domestic ... Read More

Russia's economic growth may be too weak to sustain defense and social spending, a top business leader warns

Russia's economy is slowing, raising concerns about funding defense and social spending. Western sanctions and soaring military outlays are straining its growth and stability. Moscow is planning tax ... Read More

Russia to scale down state support for the economy in 2021

Russia will scale down its state support of the economy in 2021, eyeing rising costs on servicing burgeoning state debt in the fallout of its response to the COVID-19 pandemic and the collapse of oil ... Read More

Russia's economic growth may be too weak to sustain defense and social spending, a top business leader warns

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