Economy News Russia S Economy Is Now So Isolated That It Has Few Options Other Than The Chinese Yuan For Its Reserves

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

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

Also last month, Sberbank CEO German Gref, one of Russia’s top banking chiefs, said the economy was in “technical stagnation,” And in June, Economy Minister Maxim Reshetnikov warned that Russia was ... Read More

Crisis ahead? How new US and EU sanctions will hit Russia's economy

The latest US and EU sanctions could accelerate a crisis in the Russian economy and push it into a full recession. In Ukraine, experts believe the potential financial losses for Russia could be ... Read More

Ukraine Hits Back at Russia’s Economy

After years of insulation from the effects of Vladimir Putin’s war, Russia’s economy is finally starting to take a hit. 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

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

Days after canceling a planned summit with Putin, citing a lack of progress toward ending the war in Ukraine, Trump took a major step by effectively blacklisting Rosneft and Lukoil. Read More

Russia’s shortage of workers is so severe that it is luring foreigners into sweatshops

Russia’s economy has proven remarkably resilient, despite years of sanctions and economic statecraft. But that doesn’t mean there aren’t deep cracks in Russia’s unstable economic foundation, with only ... 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