Economy News Russia S War Economy Is So Hot That At Least 12 Of Its Oligarchs Received $11 Billion In Dividends Over 15 Months

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

How the West Crushed Russia’s Economy Without Firing a Bullet?

Russia spent years building a massive reserve of foreign currency to shield itself from economic shocks. But when the West imposed unprecedented sanctions - freezing Russian assets and cutting banks ... Read More

The Cracks in Russia’s War Economy

She worked at Russia’s central bank until early 2022. To sustain its war against Ukraine, Russia militarized its economy. Although—contrary to popular belief abroad—the Russian economy is not on a ... 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

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

Even if the guns fall silent in Ukraine, Russia’s economy may never step off the battlefield. Years of massive defense outlays have locked the country in a state of militarization that’s transformed ... 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. By Ivan Nechepurenko Russia’s military budget is set to fall for the first time ... Read More