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

Putin Has a New Ukraine Problem: Russia’s War Economy Is in Big Trouble

After more than three years of war in Ukraine, Russia’s economy is showing severe signs of strain. -Moscow reported a $51 billion budget deficit for the first eight months of 2025, and its central ... Read More

Russia's economy takes a hit: Zelenskyy shares impact of Ukraine's deep strikes

Strikes by the Ukrainian Armed Forces on oil refining facilities deep inside Russia have significantly affected Russia's economy. Due to these attacks, Russia has lost over 20% of its oil refining ... Read More

Drones, oil and escalation: Ukraine’s deep strikes impact Russia, altering war calculations

In rural Ukraine, attack drones are assembled in secret to strike deep into Russia. These drones target oil refineries, fuel depots, and military hubs, stretching Moscow's air defenses. 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

The Russia-Ukraine missile war is draining Putin’s economic lifeblood

The invasion of Ukraine is becoming a long-range missile war, as both sides seek military advantage away from the blood-soaked, muddy, drone-saturated death traps of the eastern Ukraine trenches. Read More

Ukraine Hits Back at Russia’s Economy

After years of insulation from the effects of Vladimir Putin’s war, Russia’s economy is finally starting to take a hit. Read More

How the U.S.'s new sanctions on Russia could impact the war in Ukraine

The Trump administration has levied new sanctions against Russia, targeting the country's oil industry. NPR's Ayesha Rascoe speaks with journalist Stephanie Baker about the implications. Read More

Russia's small businesses cry foul over war economy tax hikes

Russia's new wave of tax hikes, designed to mobilise state finances as the war in Ukraine grinds on, is set to hit one in 10 small business owners, many of whom say they will have no choice but to ... Read More

Ukraine cannot defeat Russia alone, says EU chief diplomat

Kaja Kallas, EU High Representative for Foreign Affairs and Security Policy, has emphasised the importance of continuing and increasing support for Ukraine, as she believes it will not be able to win ... Read More