Russia's war-driven economy is so hot that the World Bank upgraded it to a 'high-income country'

Russia's economy has defied sanctions in the two years since Moscow invaded Ukraine in February 2022 — so much so that the World Bank is now classifying Russia as a "high-income country." On ... Read More

World Bank upgrades Russia to ‘high-income country’ as war-driven economy grows - South China Morning Post

Russia’s economy has defied sanctions in the two years since Moscow invaded Ukraine in February 2022 – so much so that the World Bank is now classifying Russia as a “high-income country”. Read More

Russia's Officials Keep Contradicting Putin on War Economy

Russia has faced economic turbulence caused by sanctions imposed after Putin's full-scale invasion of Ukraine that are aimed at choking Moscow's military machine. Strong GDP has been driven by high ... Read More

Russia's War Economy Is Heading To Recession. It Probably Won't Slow Down The War.

Russian officials are telegraphing a slowdown of the country’s war economy -- the first major slump since the launch of the Kremlin’s invasion of Ukraine more than 40 months ago. What it means for the ... Read More

The Russian economy's biggest problem right now - Newsweek

Russia's economy has had a turbulent few years since its invasion of Ukraine in February 2022. The sharp decline of the ruble's value in recent weeks is just the most recent economic spasm. Read More

Russia braces itself for war-driven economy to run out of steam

The Bank of Russia shut down its own fleet of armoured cash-collection vehicles because so many of the employees had switched to working in defence factories, the RBC news sited reported on Aug 8. Read More

How Russia's economy grows despite thousands of Ukraine war sanctions | 60 Minutes - CBS News

Russia's economy is predicted to grow over 3% this year, more than the U.S. and Europe, despite being subjected to Western sanctions for more than two years. Read More

Is Russia’s war-driven economy approaching its 1989 moment?

Speculation that Russia’s economy would crash under the weight of western sanctions has proved wide of the mark.. In 2023 and 2024, the economy grew by 3.6 and 4.1 per cent in GDP (gross ... Read More

Russia's economy minister says the country is on the brink of recession - ABC News

ST. PETERSBURG, Russia -- Russia's economy is “on the brink of going into a recession,” the country's economy minister said Thursday, according to Russian media reports. Economy Minister Maxim ... Read More

How Russia's war economy and defense spending could actually make it weaker - NBC New York

Russia's war-orientated economy and plans for unprecedented military spending risk deepening major imbalances within the government's finances, analysts say. The Russian government, under Prime ... Read More

Putin growing concerned by Russia’s economy, as Trump pushes for Ukraine deal - New York Post

Russian President Vladimir Putin has grown concerned about distortions in Russia’s wartime economy, just as Donald Trump pushes for an end to the Ukraine conflict, sources say. Read More

Russia Economy Set for Sharp Slowdown After Second Quarter

Russia’s overheating economy fueled by massive Kremlin spending on its invasion of Ukraine may be about to cool sharply amid mounting constraints on key sectors that have bolstered growth until now. Read More