Military production and defense spending are propping up Russia's economy and may shape its future long after the war in ...

Traditionally, half of Russia ’s federal revenues have come from energy exports, which used to account for two-thirds of its ...

The wartime mobilization of Russia’s economy has drained its reserves, though the country has so far avoided slipping into ...

Despite Europe’s pledge to stand side by side with Ukraine, many of Zelensky’s allies couldn’t stomach the one sacrifice it ...

Moscow is preparing to raise taxes and cut spending as it tries to maintain high defence expenditure with Russia's economy ...

The Russian state news service TASS reported that sales of new automobiles, including passenger cars, light commercial vehicles (LCVs), trucks and buses, in Russia declined by 26% year-on-year between ...

President Donald Trump is willing to “crush” Russia’s economy with sanctions if Russian President Vladimir Putin refuses to ...

Russians are likely to face higher taxes as the burden on the budget grows and the Central Bank of Russia says that "the ...

As a result of the ongoing wealth destruction, the adverse effects of the war on Russia’s economy are becoming increasingly ...

Russia's export-focused, $2.2-trillion economy has ridden the sanctions wave better than either Moscow or the West anticipated when those opposed to the February 2022 invasion of Ukraine sought to ...

Russia’s oil and gas industry has been crucial for bankrolling the invasion of Ukraine, giving the Kremlin the funds to keep fighting even as the conflict drags on through its third year.