Russia's economy is so driven by the war in Ukraine that it cannot afford to either win or lose, economist says

"A protracted stalemate might be the only solution for Russia to avoid total economic collapse," one economist says. Read More

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

It’s time to turn off the tap. I now call on member states to quickly endorse these new sanctions. We want Russia to leave the battlefield and come to the negotiation table, and this is the way ... Read More

Putin said he's eying higher taxes on the rich to bankroll the Ukraine war and pointed to a precedent set by the US

Russia's central bank expects the economy to expand just 1% to 2% this year, down from 4.3% in 2024. Read More

Russia’s Wartime Economy Creaks Under Inflation and Fuel Shortages

Russia’s war-driven economy is slowing sharply as fuel shortages, soaring inflation, and heavy defense spending push the country toward stagnation and a potential recession. Read More

Russia’s Economy Is Getting Crushed By Sanctions and Ukraine War Costs

Russia Could Be Headed for Recession Russia could be teetering on the edge of a recession as it straddles the double-edged sword of sanctions and a growing war budget. German Gref, Sberbank’s veteran ... Read More

Ukraine advances security talks with allies, vows to keep hitting Russian energy

Ukraine is making progress in intensive talks to formalise legally binding security guarantees with the United States and European allies, a key part of its bid to end the war with Russia, First ... Read More

Russia's Putin Denies Economy Is Stagnating, as Evidence Suggests Otherwise

VLADIVOSTOK, Russia (Reuters) -President Vladimir Putin denied on Friday that Russia's economy was stagnating, despite a report from the central bank that suggests it is technically in recession. In a ... Read More

Russia and Ukraine target each other’s energy infrastructure as war persists

Ukraine said that more than 100,000 people were without power after Russia launched a massive attack on the country's energy infrastructure. Ukraine has also been targeting Russia's oil and gas ... Read More