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

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

Russia’s Economic Growth Slows for Third Straight Quarter – Ministry Data

Russia’s economy has continued to lose momentum for the third consecutive quarter, according to new data from the Economic Development Ministry. The ministry estimated that GDP grew by just 0.6% ... 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's top banker warns Moscow is fighting the wrong economic battle

Without economic ... defense, security, and social costs. Russia is facing a deepening demographic crisis, with a looming labor shortage that could reach nearly 11 million workers by 2030, Anton ... Read More

How Ukraine's European allies fuel Russia's war economy

Several EU nations see Russian energy imports rise in 2025 They include France, Netherlands, Romania and Portugal Europe is still financing both sides in war - to fury of Trump Military aid to Kyiv ... Read More