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

Slowing wartime economy pushes 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 ... 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

The U.S. and Europe Are Trying New Ways to Pressure Russia

For the first time in his second term, President Trump is imposing new sanctions, but they may not shift the course of Russia’s war in Ukraine. By Neil MacFarquhar President Trump has long threatened ... 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

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

Will America’s new sanctions on Russian oil force a peace deal?

DONALD TRUMP is frustrated with Vladimir Putin. Friendly calls, offers to meet, the prospect of post-war deals—none has tempted the Russian leader into a peace agreement. On October 22nd the American ... Read More

Kyiv's Western Backers Ready To Go 'Further Than Ever' To Punish Russia, Starmer Says

UK Prime Minister Keir Starmer said Ukraine's Western backers are ready to take to the next level their efforts to punish Moscow for continuing Europe's deadliest war in decades and force Russian ... 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