Economy News Russia S Economy Faces Near Stagnation With Sanctions Whittling Down Annual Gdp Growth, European Economist Says

IMF sees no 'bounce back' in Russian economy, warns of further damage if sanctions expanded

Russia's economy will not recover anytime soon from sweeping sanctions imposed by Western nations over its war in Ukraine, and could see further damage if those sanctions are expanded to hit energy ... 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

EU puts more sanctions on Russia

BRUSSELS -- The European Union on Thursday heaped more economic sanctions on Russia, adding to U.S. President Donald Trump's new punitive measures the previous day against the Russian oil industry. Read More

Finland Says More Pressure Needed on Russia After Oil Sanctions

Finland’s Foreign Minister Elina Valtonen touted recent sanctions by the US and European Union targeting Russia’s energy sector, but said more pressure is needed if allies are to force Moscow to end ... Read More

Top banker says Russia needs millions of skilled migrants to boost growth

MOSCOW, Oct 24 (Reuters) - Russia will need to attract millions of skilled migrants to achieve an economic growth rate of at least 3.2% and sustain its economy, the country's top banker and longtime ... 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

The U.S. and Europe Are Trying New Ways to Pressure Russia

For the first time in his second term, President Trump is imposing new sanctions, but they may not shift the course of Russia’s war in Ukraine. By Neil MacFarquhar President Trump has long threatened ... Read More

News Wrap: Europe follows U.S. lead and imposes new sanctions on Russia

In our news wrap Thursday, European officials followed Washington’s lead in approving economic measures aimed at pressuring Russia to end its war in Ukraine, Lithuania's president said Russian ... Read More

Trump’s Sanctions on Russian Oil Sector Ratchet Up Economic War

After months of restraint, President Trump’s move to blacklist Lukoil and Rosneft will hit Russia where it hurts. By Alan Rappeport Reporting from Washington President Trump ratcheted America’s ... Read More