Russian Economy Dealt Blow With Slumping Oil Prices

Russia's Economic Development Ministry downgraded its 2025 forecast for Urals crude, Russia's major oil export brand, to $56 a barrel. This would be its lowest level since 2020 when the COVID pandemic ... Read More

US Sanctions Gazprombank to Limit Russia’s War Funding

This move is designed to tighten the grip on the Kremlin’s finances and make it harder for Russia to fund its war in Ukraine. The new sanctions hit Gazprombank and six of its international ... Read More

Russia’s war economy is on its last legs, but peace may be even worse for Vladimir Putin, experts say

The Russian economy looks unable to sustain President Vladimir Putin’s war on Ukraine past next year ... infantry fighting vehicles a month, but its defense industry can make only 17 a month. Read More

Plunge in Oil Prices Threatens Russia’s Vast Spending on Ukraine War

The lower revenues, a result in part of President Trump’s trade war, could prove more damaging to the Russian economy than the ... this month that it would speed up its planned output increases ... Read More

Russian economy meltdown as mortgage costs 'triple' and companies launch mass-layoffs

Russia’s economy is in danger of unraveling, with industrial output plummeting and major companies initiating large-scale layoffs as the toll of three years of war with Ukraine takes its ... Read More

Trump didn't impose tariffs on Russia but they might be wrecking its economy regardless

U.S. President Donald Trump has inadvertently hit ... Russia's oil economy Russia’s economy is heavily dependent on oil revenues, which make up around 30% of its total state budget. As the war ... Read More

Why Russia's economy is booming despite the war and Western sanctions

In June of this year, a news release issued by the U.S. Treasury Department offered a confident headline about its Russia ... thanks to the war economy, which is running at full speed. Read More

Russia economy in chaos as Kremlin panics over major market crash

Russia's economy has not escaped the fallout from US tariffs on countries around the world despite not being hit ... war footing and this additional economic pain may not be ample to affect its ... Read More

Why Did Trump Spare Russia From New Tariffs?

one big economy that he did not target was Russia. Treasury Secretary Scott Bessent told Fox News on Wednesday that Moscow was spared because sanctions imposed on the country after its full-scale ... Read More