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

Russia’s War Economy Is Quietly Cracking – and Putin Knows It

Russia’s war economy is starting to show strain. As Ukraine’s drones hit targets deep inside Russia, the Kremlin is scrambling to plug mounting fiscal gaps with VAT hikes, new excise taxes and ... Read More

Russia's war chest will run dry in two years? What's wrong with its economy and who keeps it afloat

Russia's GDP is falling, and with it, oil and gas revenues. Even military factories are already planning to cut staff. RBC-Ukraine analyzes whether the Russian economy is in decline, where Putin's ... Read More

Russia's Sechin says the West could face economic crisis due to sanctions

Igor Sechin, one of the most influential men in Russia's energy sector, said on Tuesday that sanctions imposed by the United States, European powers and their allies on Russia and China will trigger ... Read More

The Cracks in Russia’s War Economy

To sustain its war against Ukraine, Russia militarized its economy. Although—contrary to popular belief abroad—the Russian economy is not on a full wartime footing, the Kremlin has both splurged on ... Read More

Russia's largest lender sees economy cooling for another year

Russia's economy is seeing "continued cooling" with growth likely to remain at around 1% next year and business activity remaining weak for four to five quarters, a senior executive at Sberbank, the ... Read More

As the U.S. Imposes Oil Sanctions, How Vulnerable Is Russia's Economy?

New U.S. sanctions on Russia's two biggest oil companies threaten to hit the country’s economy at a precarious time. Russian manufacturing is declining, consumer demand is weakening and inflation ... Read More

U.S. Oil Sanctions Strike at Russia’s Economic Lifeline

The Trump administration imposed new sanctions on the Russian oil companies Lukoil and Rosneft as the talks to end the Russia-Ukraine war have stalled. Photo: Alex Brandon/AP BRUSSELS—The U.S.’s new ... Read More

Thune says ‘time’s right’ for Russia sanctions bill as Trump asks Bessent to pitch Europe on China tariffs

WASHINGTON — Senate Majority Leader John Thune said Thursday that he is ready to vote on a bill sanctioning buyers of Russian oil — one day after Treasury Secretary Scott Bessent told reporters the ... 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

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