Economy News Russia S War Driven Economy Is So Hot That The World Bank Upgraded It To A High Income Country

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 War Economy Is Quietly Cracking – and Putin Knows It

Russia’s war economy is starting to show strain. As Ukraine’s drones hit targets deep inside Russia, the Kremlin is scrambling to plug mounting fiscal gaps with VAT hikes, new excise taxes and ... 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 slowing wartime economy pushes Kremlin to increase taxes and fees

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

Ukraine’s Oil Strikes Are Hurting Russia’s War Economy

Ukraine’s expanding long-range and swarm-drone campaign has already disabled 10% of Russia’s oil refining capacity, cutting fuel supplies and export revenues while pressuring the core of the Kremlin’s ... 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

Russia's war on inflation could be blinding policymakers to a far bigger problem — stalled growth. Economic growth depends on labor productivity and employment, but both are under strain. A top ... Read More

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