Economy News Russia S Economy Is So Driven By The War In Ukraine That It Cannot Afford To Either Win Or Lose, Economist Says

Zelensky Says Russia ‘Must Pay Fully’ for War in Ukraine as U.S. Agrees to Modify Peace Plan

Zelensky's remarks come after a weekend of deliberation between Ukraine, U.S. officials over a U.S.-drafted peace plan. Read More

Ukraine faces pressure for a quick resolution — but on the battlefield, Russia's victory isn't assured

From the front-line city of Pokrovsk in eastern Donetsk, to Zaporizhzhia in the south, there is little doubt that Russia is making advances. But, battlefield monitors suggest the picture is not quite ... Read More

New economic troubles hit Russia’s war-weary economy

When Vladimir Putin ordered the full-scale invasion of Ukraine in 2022, he likely did not consider that the war he was starting would last for years. That war has cost Moscow a lot of men and material ... Read More

Russian lawmakers approve tax hike bill to boost economy as the war with Ukraine nears 4 years

Russian lawmakers endorsed new tax hikes on Tuesday as Moscow looks for new revenue sources to boost its economy during its nearly four-year war with Ukraine. Legislators in the lower house of ... Read More

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

The U.S., EU, and U.K. imposed sweeping sanctions on Rosneft, LUKoil, and Gazpromneft to target Moscow’s oil revenues. Analysts say the short-term effects will be limited as Russia shifts exports to ... Read More

Russia Cuts Key Interest Rate, Warns Of Tepid Growth

Russia's central bank on Friday cut its benchmark interest rate and said growth had slowed to almost zero as the economy sags under the cost of the Ukraine offensive and Western sanctions. The ... Read More

Why Are Russian Regions Cutting Signing Bonuses For Soldiers Heading To Ukraine? It’s Complicated.

Russian regions are reducing signing bonuses for volunteers joining the Ukraine war, citing economic strain and shifting military priorities. Regions like Samara and Tatarstan have cut bonuses ... Read More

Russia's top banker warns Moscow is fighting the wrong economic battle

Russia's war on inflation could be blinding policymakers to a far bigger problem — stalled growth. Economic growth depends on labor productivity and employment, but both are under strain. A top ... Read More

Russia's oil revenues plunge just as US sanctions hit when Moscow can least afford it

Russia's oil revenues cratered 27% just as new US sanctions tighten the screws even further. A stronger ruble, weak crude prices, and Western pressure squeezed the Kremlin's war chest. Moscow's shadow ... Read More