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

The Cracks in Russia’s War Economy

To sustain its war against Ukraine, Russia militarized its economy. Although—contrary to popular belief abroad—the Russian economy is not on a full wartime footing, the Kremlin has both splurged on ... Read More

Putin Has a New Ukraine Problem: Russia’s War Economy Is in Big Trouble

After more than three years of war in Ukraine, Russia’s economy is showing severe signs of strain. -Moscow reported a $51 billion budget deficit for the first eight months of 2025, and its central ... Read More

Inside Russia’s war economy: How Putin turned growth into survival

For a while, it looked as if Russia’s economy had beaten the odds. After Western sanctions, oil embargoes and the cost of war weighing heavily, its economy bounced back faster than expected. Factories ... Read More

Putin’s War Machine Is Now Built Into the Russian Economy

Even if the guns fall silent in Ukraine, Russia’s economy may never step off the battlefield. Years of massive defense outlays have locked the country in a state of militarization that’s transformed ... Read More

Russia's industrial titans furlough workers as its war economy stalls

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 economy slows, domestic ... Read More

Russia's economic growth may be too weak to sustain defense and social spending, a top business leader warns

Russia's economy is slowing, raising concerns about funding defense and social spending. Western sanctions and soaring military outlays are straining its growth and stability. Moscow is planning tax ... Read More

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

European nations, including France, are among the staunchest supporters of Ukraine in its fight against Russia. Several have also stepped up their imports of Russian energy which pump billions of ... Read More

Ukraine and Russia’s intensifying energy war brings gas shortages and economic pain

Almost 900 miles from Ukraine’s borders, a fire erupted at a Russian oil refinery on Saturday. The blaze – a result of a strike by Ukrainian long-range drones, according to sources in the country’s ... Read More

Trump’s pro-Ukraine shift a ‘strategic move’ based on new intel showing Russian battlefield, economic losses

WASHINGTON — President Trump’s dramatic pronouncement Tuesday that Russia is a “paper tiger” is based on new US intelligence that shows the Kremlin is spiraling toward economic ruin and battlefield ... Read More

Russia's economic growth may be too weak to sustain defense and social spending, a top business leader warns

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