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

Russia's central bank warns of economic stagnation due to wartime pressures

By Ben Aris in Berlin The Russian economy could stagnate due to wartime pressures, the Central Bank of Russia (CBR) warned in its latest issue ofTalking Trends, released on December 6. The famously ... Read More

Not just sanctions: Melting permafrost threatens Russia's economy

Russia's economy is suffering not only from sanctions and the war in Ukraine. Permafrost in regions critical to Russia's economy is starting to thaw, posing a threat to vital infrastructure, according ... Read More

Ukraine targets Russia's shadow fleet in foreign waters as sanctions fail to sink Putin's oil sales

At least three oil tankers have been hit by explosions in what appears to be a stepped up unilateral effort by Ukraine to sink Russia's sanctions-dodging oil sales. 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

Russia’s slowing wartime economy pushes Kremlin to increase taxes and fees

After two years of robust growth fueled by military spending on the war in Ukraine, Russia’s economy is slowing. Oil revenues are down, the budget deficit is up and defense spending has leveled off. Read More

Russia's largest lender sees economy cooling for another year

MOSCOW, Nov 24 (Reuters) - 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 ... Read More

Russia's oil revenues plunge just as US sanctions hit when Moscow can least afford it

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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

Russia furious as Trump sanctions target the heart of Putin's war economy

Russia reacted with outrage Thursday after the United States imposed substantial sanctions on its two largest oil companies, the first economic punishments slapped on Moscow by President Donald Trump ... 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