Economy News Russia S Wartime Economy Is Flush With Resources And Is Weathering Western Sanctions, European Economist Says

U.S. Oil Sanctions Strike at Russia’s Economic Lifeline

BRUSSELS—The U.S.’s new sanctions hit at the core of Russia’s faltering war economy and drew a swift rebuke from President Vladimir Putin, who acknowledged the potential impact on his country. On ... Read More

Russia’s ‘disposable-goods’ war economy is getting busier but poorer, and Trump’s new sanctions could trigger a recession, analysts say

Vladimir Putin’s wartime economy has been resilient in the face of Western sanctions triggered by his invasion of Ukraine, but it’s hitting a wall and U.S. pressure on the energy sector could cause a ... Read More

Russia furious as Trump sanctions target the heart of Putin's war economy

Russia reacted with outrage Thursday after the United States imposed substantial sanctions on its two largest oil companies, the first economic punishments slapped on Moscow by President Donald Trump ... Read More

News Wrap: Europe follows U.S. lead and imposes new sanctions on Russia

In our news wrap Thursday, European officials followed Washington’s lead in approving economic measures aimed at pressuring Russia to end its war in Ukraine, Lithuania's president said Russian ... Read More

How Russia's shadow fleet of oil tankers evades western sanctions

The U.S. and other western countries have issued sanctions on Russian oil exports since 2022. The Planet Money team explains how the country's shadow fleet of aging oil tankers evades policing. We're ... Read More

Russian economy barely grows in Q3 as war spending bites

Bloated military spending has fuelled inflation, weighing on growth while the civilian sector grapples with high borrowing costs. 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

Ukraine welcomes new U.S., EU sanctions against Russia, as top Russian official declares them "act of war"

Ukraine's leader welcomed a raft of new economic sanctions against Russia being imposed by the Trump administration and the European Union on Thursday, calling the increased pressure on Moscow "very ... Read More

Trump administration hits Russia's top oil firms with sanctions to stunt war funding, urges ceasefire

The Treasury Department under President Donald Trump sanctioned Russia’s two largest oil producers, Rosneft and Lukoil, on Wednesday, escalating pressure on the Kremlin to end its war in Ukraine. Read More

Putin Calls U.S. Sanctions ‘Unfriendly Act’ and Says Russia Won’t Bend

President Vladimir V. Putin warned of an overwhelming response if the Trump administration arms Kyiv with powerful missiles it seeks. By Ivan Nechepurenko and Anton Troianovski A day after President ... Read More

U.S. Oil Sanctions Strike at Russia’s Economic Lifeline

The Trump administration imposed new sanctions on the Russian oil companies Lukoil and Rosneft as the talks to end the Russia-Ukraine war have stalled. Photo: Alex Brandon/AP BRUSSELS—The U.S.’s new ... Read More