Economy News The Russian Economy S Biggest Problem Right Now

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

Russia’s Economy Could Slip Into Recession by Year-End, Central Bank Warns

Russia’s economy could slip into recession by the end of the year after three consecutive quarters of slowing growth, the Central Bank has warned. According to the Economic Development Ministry, GDP ... 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

Trump's U-turns on Russia and Ukraine, and the significance of new sanctions: ANALYSIS

"Eventually the administration decided it's not enough to just use carrots to pressure Putin, you also need sticks," one analyst said. Read More

Russian economy set to lose $44 bln to cyber crime in 2020 -Sberbank

The Russian economy is set to lose $44 billion to cyber crime in 2020, according to estimates published on Tuesday by Russian bank Sberbank , with the shift to online during the COVID-19 pandemic ... Read More

Kremlin rejects Trump's view that the Russian economy could collapse

MOSCOW (Reuters) -The Kremlin on Wednesday pushed back at U.S. President Donald Trump's warning that the Russian economy was going to collapse, saying that Russia had considerable reserves and was ... Read More

The Russia-Ukraine missile war is draining Putin’s economic lifeblood

The invasion of Ukraine is becoming a long-range missile war, as both sides seek military advantage away from the blood-soaked, muddy, drone-saturated death traps of the eastern Ukraine trenches. Read More

Experts on how to raise the cost of war for Russia: ‘Be cleverer’

Three and a half years since Russia’s full-scale invasion of Ukraine, with a US-led peace process on ice and a stalemate on the battlefield, Kyiv’s allies are calling for renewed economic pressure on ... Read More

Transcript: Trump’s Russian oil sanctions shake energy markets

Sanctions on Russian oil groups have thrown a wrench into the oil market. And the US pardoned another crypto executive yesterday. Plus, Argentina heads to the polls for midterm elections this weekend. Read More

Will latest Russian sanctions finally break Putin’s resolve?

Donald Trump has targeted the “economic equivalent of Russia’s crown jewels” with a new wave of sanctions, said Sky News. The president has slapped fresh restrictions on Russia’s two largest oil ... Read More