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

Russia’s wartime economy loses steam as oil revenues fall and the budget deficit grows

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

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

How the U.S.'s new sanctions on Russia could impact the war in Ukraine

The Trump administration has levied new sanctions against Russia, targeting the country's oil industry. NPR's Ayesha Rascoe speaks with journalist Stephanie Baker about the implications. The Trump ... 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

Russia's Lukoil Says It Plans to Sell International Assets Due to Western Sanctions

MOSCOW (Reuters) -Russia's second-largest oil producer, Lukoil, said on Monday it would sell its international assets following sanctions over Ukraine announced last week by the United States. The ... Read More

Russia's Lukoil says it plans to sell international assets due to Western sanctions

Planned sale is the most consequential action yet for a Russian company over sanctions Lukoil has vast international exposure, including in Europe, Middle East Lukoil says it is considering bids from ... Read More