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

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

Ukraine Strikes Key Russian Oil Port at Heart of Kremlin’s War Machine

"Each affected refinery or oil terminal is minus millions of dollars for the Kremlin's war machine," an unnamed Security Service of Ukraine [SSU] source told state news agency Ukrinform. "We will ... 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

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's small businesses cry foul over war economy tax hikes

Russia plans to drop tax breaks for small businesses in 2026 Business lobbies say the sector is a shock Economists say measure will create a 'tax spiral' Small businesses, economists warn of closures, ... 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. Political fortunes turn fast. One day in August, US president Donald Trump and ... Read More

Ukraine fights for money, reform to survive 'forever war'

Ever since mid-2024, residents and Ukrainian officials have been stripping everything of value from the frontline town of Pokrovsk: library books, hospital beds, industrial equipment, everything that ... Read More

Russia’s Economy Heading Toward Stagnation: Report

Russia's wartime economy continues to face turmoil as a slump in growth amplified by sky-high interest rates and falling oil revenues takes its toll, according to an analysis. The Vienna Institute for ... Read More