Economy News How Russia S War Has Reshaped Ukraine S Economy

Russia’s War Economy Is Quietly Cracking – and Putin Knows It

Russia’s war economy is starting to show strain. As Ukraine’s drones hit targets deep inside Russia, the Kremlin is scrambling to plug mounting fiscal gaps with VAT hikes, new excise taxes and ... Read More

Cracks In Russia’s War Economy

After nearly four years of fiscal overreach caused by injecting trillions of rubles into the Russian economy, the Kremlin can no longer disguise its distress. Read More

Russian lawmakers approve tax hike bill to boost economy as the war with Ukraine nears 4 years

Russian lawmakers have endorsed new tax hikes as Moscow tries to boost its economy during its almost four-year war with Ukraine. Read More

As Russia pummels Ukraine’s energy systems, Kyiv hopes US gas will fill the gap

Ukraine's gas facilities have suffered severe damage from Russian drone and missile attacks, forcing the country to import more gas ... Read More

Ukraine “peace” would open an economic black hole

A Kremlin-favoured draft leaving Kyiv amputated from its Russian-occupied regions would have a severe economic impact. Moscow might escape paying for Ukraine's $600 bln reconstruction effort. And ... Read More

Ukraine War Latest: Putin Gives Update on ‘Basis’ for Peace Deal, Russia Praises Trump ‘Realism’

A Putin ally has called for more detail in Trump's peace plan for Ukraine. Follow Newsweek's live coverage of the war. Read More

Ukraine’s Cash Is Running Low, and Europe Has No Good Plan B

The European Union wants to finance Ukraine’s war efforts using a loan based on Russia’s frozen assets in Belgium. If that falls through, there’s no easy alternative. Read More

Russia’s Heaviest Strike Since 2022 Wipes Out Ukraine’s Energy Network Leaving Ukraine With ‘Zero Power’

In early November 2025, Ukraine was thrust into a new phase of crisis as Russia launched its largest-ever assault on the nation’s energy infrastructure. Overnight, a coordinated barrage of more than ... Read More

US proposals to end Russia's war involve Ukraine giving up land, some weapons, sources say

The U.S. has signalled to President Volodymyr Zelenskiy that Ukraine must accept a U.S.-drafted framework to end the war with Russia that proposes Kyiv giving up territory and some weapons, two people ... Read More