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

IMF sees no 'bounce back' in Russian economy, warns of further damage if sanctions expanded

Russia's economy will not recover anytime soon from sweeping sanctions imposed by Western nations over its war in Ukraine, and could see further damage if those sanctions are expanded to hit energy ... Read More

Ukraine Hits Back at Russia’s Economy

After years of insulation from the effects of Vladimir Putin’s war, Russia’s economy is finally starting to take a hit. Read More

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 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

Trump warned Ukraine war is creating ‘significant risks’ for US economy in new report urging end to conflict

Exclusive: A paper by the Center for Freedom and Prosperity argues there are are strong economic benefits for the United States if peace can be achieved ... Read More

INVASION OF UKRAINE HAS BEEN A DISASTER FOR RUSSIA'S ECONOMY

India, Oct. 12 -- Last Monday, Ukraine launched a major drone attack over 14 regions in Russia, as well as Crimea and around the Black Sea. Targets included a major ammunition plant, a key oil ... Read More

Could U.S. Sanctions Finally Cripple Russia’s War Economy?

The United States and its allies have sanctioned Russia’s largest oil companies in an effort to choke off funding for the Kremlin’s war on Ukraine, though experts doubt the measures will have ... Read More

Experts on how to raise the cost of war for Russia: ‘Be cleverer’

Three and a half years since Russia’s full-scale invasion of Ukraine, with a US-led peace process on ice and a stalemate on the battlefield, Kyiv’s allies are calling for renewed economic pressure on ... Read More

Exclusive-Russia's Industrial Titans Furlough Workers as Its War Economy Stalls

MOSCOW (Reuters) -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 ... Read More