Economy News Russia’s New Defense Minister Shows Economy Is Firmly On War Footing

Russia's economy faces crisis as Putin's soldiers and factory workers left unpaid

Putin's war machine is unraveling as Russian regions run out of money to pay soldiers, with factories and administrations unable to meet payroll ... Read More

Cracks In Russia’s War Economy

After nearly four years of fiscal overreach caused by injecting trillions of rubles into the Russian economy, the Kremlin can no longer disguise its distress. Read More

Russia's war chest will run dry in two years? What's wrong with its economy and who keeps it afloat

Russia's GDP is falling, and with it, oil and gas revenues. Even military factories are already planning to cut staff. RBC-Ukraine analyzes whether the Russian economy is in decline, where Putin's ... Read More

Russia's small businesses cry foul over war economy tax hikes

Russia plans to drop tax breaks for small businesses in 2026 Business lobbies say the sector is a shock Economists say measure will create a 'tax spiral' Small businesses, economists warn of closures, ... Read More

A slowing wartime economy pushes the 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 off. 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

Russia's top banker warns Moscow is fighting the wrong economic battle

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