Economy News The War In Ukraine Is Straining Russia’s Economy And Society

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

Cracks In Russia’s War Economy

After nearly four years of fiscal overreach caused by injecting trillions of rubles into the Russian economy, the Kremlin can no longer disguise its distress. Read More

Russian lawmakers approve tax hike bill to boost economy as the war with Ukraine nears 4 years

Russian lawmakers have endorsed new tax hikes as Moscow tries to boost its economy during its almost four-year war with Ukraine. Read More

Exclusive-Russia's Industrial Titans Furlough Workers as Its War Economy Stalls

MOSCOW (Reuters) -From railways and automobiles to metals, coal, diamonds and cement, some of Russia's biggest industrial companies are putting employees on furlough or cutting staff as the war ... Read More

Russia's economic growth may be too weak to sustain defense and social spending, a top business leader warns

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Russia's Small Businesses Cry Foul Over War Economy Tax Hikes

MOSCOW (Reuters) -Russia's new wave of tax hikes, designed to mobilise state finances as the war in Ukraine grinds on, is set to hit one in 10 small business owners, many of whom say they will have no ... Read More

Ukraine and Russia’s intensifying energy war brings gas shortages and economic pain

Almost 900 miles from Ukraine’s borders, a fire erupted at a Russian oil refinery on Saturday. The blaze – a result of a strike by Ukrainian long-range drones, according to sources in the country’s ... Read More

How Ukraine's European allies fuel Russia's war economy

Several EU nations see Russian energy imports rise in 2025 They include France, Netherlands, Romania and Portugal Europe is still financing both sides in war - to fury of Trump Military aid to Kyiv ... Read More

Russia Might Soon Run Out of Money for the Ukraine War

Key Points and Summary - Russia’s draft 2026–2028 budget signals mounting strain on war financing. Opposition economist Vladimir Milov flags seven straight years of >2% deficits and a 2025 shortfall ... 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’s new missiles and drones cause gas shortages in Russia, Zelenskyy says

KYIV, Ukraine (AP) — Strikes on Russian oil facilities by Ukraine’s newly developed long-range missiles and drones are causing significant gas shortages in Russia, while on the battlefield a recent ... Read More