Economy News What Makes Russia’s Economy So Sanctions Resistant

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

Finance Minister Anton Siluanov said raising revenue was preferable to increasing borrowing, saying excessive borrowing “would lead to a speeding up of inflation, and as a result, to an increase in ... Read More

As the U.S. Imposes Oil Sanctions, How Vulnerable Is Russia's Economy?

New U.S. sanctions on Russia's two biggest oil companies threaten to hit the country’s economy at a precarious time. Russian manufacturing is declining, consumer demand is weakening and inflation ... Read More

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

Could U.S. Sanctions Finally Cripple Russia’s War Economy?

The U.S., EU, and U.K. imposed sweeping sanctions on Rosneft, LUKoil, and Gazpromneft to target Moscow’s oil revenues. Analysts say the short-term effects will be limited as Russia shifts exports to ... Read More

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

Putin calls US sanctions 'serious', says it will not 'significantly' impact Russia's economy

Commenting on the US’ latest sanctions on Russia’s largest oil companies, Russian President Vladimir Putin has said that they will not have much of an impact on the Russian economy and calling them an ... Read More

Russia sanctions would only have limited impact on French economy -Le Maire

French Finance Minister Bruno Le Maire said on Wednesday that the sanctions imposed by the Western countries on Russia for ordering troops into separatist regions of eastern Ukraine would have a ... Read More

Why Trump’s ‘Groundbreaking’ Russia Sanctions May Not Deliver Knockout Blow

President Donald Trump’s sanctioning of two Russian oil giants was dubbed a “groundbreaking move” by Russian President Vladimir Putin’s former deputy energy minister but the U.S. president needs to go ... Read More