Economy News Russia Says It S No Longer Scared Of Western Sanctions – But Its Economy Is Still Under Pressure
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IMF sees no 'bounce back' in Russian economy, warns of further damage if sanctions expanded
Russia's economy will not recover anytime soon from sweeping sanctions imposed by Western nations over its war in Ukraine, and could see further damage if those sanctions are expanded to hit energy ... Read More
$50 billion blow to Putin’s war chest — Western sanctions hammer Russia’s oil exports
Russia is expected to lose around $50 billion every year as new oil-related sanctions hit its energy sector. The impact comes just as one of its largest private oil companies, Lukoil, begins selling ... Read More
The Cracks in Russia’s War Economy
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 Kremlin has both splurged on ... Read More
Russia's top Indian oil buyer Reliance says it will abide by Western sanctions
NEW DELHI, Oct 24 (Reuters) - Reliance Industries Ltd (RELI.NS), opens new tab, the top Indian buyer of Russian oil, will abide by Western sanctions against Moscow while maintaining its relationship ... Read More
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