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

Crisis ahead? How new US and EU sanctions will hit Russia's economy

The latest US and EU sanctions could accelerate a crisis in the Russian economy and push it into a full recession. In Ukraine, experts believe the potential financial losses for Russia could be ... Read More

Russia’s ‘disposable-goods’ war economy is getting busier but poorer, and Trump’s new sanctions could trigger a recession, analysts say

Vladimir Putin’s wartime economy has been resilient in the face of Western sanctions triggered by his invasion of Ukraine, but it’s hitting a wall and U.S. pressure on the energy sector could cause a ... 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

Trump and E.U. Impose New Sanctions on Russia

The U.S. Treasury and the European Union (E.U.) have both announced sanctions on Russia, increasing the economic and political pressure on Moscow in hopes that it’ll push President Vladimir Putin ... Read More

Putin says Russia will not cave under US sanctions, Trump replies ‘we will see’

Russia will not cave in to US sanctions, which are an attempt to strongarm Moscow, Russian President Vladimir Putin said on Thursday. "No self-respecting country does anything under pressure," Putin ... Read More

Europe joins Trump in squeezing more sanctions on Russia as Ukraine war rages on

The European Union joined the US in heaping more economic sanctions on Russia Thursday — adding to President Trump’s latest punitive measures to choke off the revenue that’s funding Moscow’s invasion ... 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

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

Putin Calls U.S. Sanctions ‘Unfriendly Act’ and Says Russia Won’t Bend

President Vladimir V. Putin warned of an overwhelming response if the Trump administration arms Kyiv with powerful missiles it seeks. By Ivan Nechepurenko and Anton Troianovski A day after President ... 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