Economy News War Driven Economy Is So Hot, Russia Is Now A High Income Country

Russia’s economy keeps driving its war, but it could break in 2026

Problems in the oil sector, a possible banking crisis and consumer woes lie ahead for Russia’s economy as four years of heavy military spending come due. Read More

Russia’s economy is struggling. But that won’t bring Putin to the negotiating table for years

The Russian economy has been dealing with growing headwinds this year: unruly inflation, a ballooning budget deficit and shrinking energy revenues. But analysts say the Kremlin could weather the storm ... Read More

Russia’s war economy is not collapsing, but neither is it stable

Russia’s war economy is not collapsing, but neither is it stable. It survives by pushing strain into the future – into labour markets, public finances and the everyday lives of Russian households. Read More

Russia’s war-fueled economic boost is coming to an end

The Russian wartime economic boom that followed Vladimir Putin’s invasion of Ukraine in 2022 may be reaching its end. Russian consumers are slowing their spending, which might be an indication of ... Read More

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