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

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

Russia’s wartime boom has ended. Tax hikes, high inflation and a militarized economy now define Putin’s struggle to keep growth alive. Read More

Putin is losing the war, so prepare for escalation

The talk in security circles is that Putin has reached a working deal with Xi Jinping: Russia wears down Nato with aerial violations and cyber-strikes, seeking to sow division and scare appeasers, ... 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

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

While he draws up his plans and Europe splashes billions on retooling its armies in response, the question will be what happens to the glut of tanks and missiles Russian factories ... Read More

Russia’s Military Budget Shrinks as War Costs Hit Kremlin’s Economic Limits

The budget indicates that Russia will continue to fight largely as it has, locking it in a grinding war of attrition. Read More

Russia’s Wartime Economy Creaks Under Inflation and Fuel Shortages

A Ukrainian drone campaign has knocked out 17% of Russia’s refining capacity, fueling shortages and price spikes across the country. Massive defense spending, making up 41% of the 2025 budget, has ... 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

Europeans announce fresh sanctions on Russian economy, trade in latest push to end Ukraine war

The European Union unveiled sweeping new sanctions targeting Russia’s economy and energy trade Friday, days after President Trump urged NATO nations to halt all oil purchases from Moscow. The bloc’s ... Read More

Ukraine suffocates Russia's war economy with its 'sanctioning drones' against its refineries

Kiev's drones have already paralyzed 21 out of 38 refineries and have put an end to 38% of Russia's refining capacity. The entire country is suffering from an extreme gasoline shortage. Ukraine has ... Read More

Russia cuts interest rate to 17% as wartime economy slows while deficit grows

Russia’s central bank cut its benchmark interest rate Friday by one percentage point to 17%, a step that could support the economy as growth slows and spending on the war against Ukraine increases the ... Read More

Amid dwindling economy, number of Russian businesses falls to lowest levels since 2010, Foreign Intelligence Service says

Amid Russia's dwindling economic prospect, the number of registered businesses operating in in the country has fallen to lows not seen since 2010, Ukraine's foreign intelligence service (SZRU) ... Read More