Economy News Russia’s Economy Is Overheating

Russia’s Economic Strain Is Becoming Impossible to Ignore

The war is unlikely to end with a clear military decision; instead, as Russia’s reserves erode and Ukraine’s strikes steadily raise the cost of continuation, Moscow will be pushed toward a de facto ... Read More

Russia’s Economy Could Slip Into Recession by Year-End, Central Bank Warns

Russia’s economy could slip into recession by the end of the year after three consecutive quarters of slowing growth, the Central Bank has warned. According to the Economic Development Ministry, GDP ... Read More

Exclusive-Russia's Industrial Titans Furlough Workers as Its War Economy Stalls

MOSCOW (Reuters) -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 ... Read More

A slowing wartime economy pushes the Kremlin to tap consumers for revenue

After two years of robust growth fueled by military spending on the war in Ukraine, Russia’s economy is slowing. Oil revenues are down, the budget deficit is up and defense spending has leveled off. Read More

Europeans announce fresh sanctions on Russian economy, trade in latest push to end Ukraine war

The European Union unveiled sweeping new sanctions targeting Russia’s economy and energy trade Friday, days after President Trump urged NATO nations to halt all oil purchases from Moscow. The bloc’s ... Read More

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

Cutting costs, firms aim to trim work days, not jobs Railway, construction, auto and mining sectors affected Move highlights pressure on Russia's war economy Non-military sectors shrank 5.4% since ... Read More