In U.S. dollar terms, that “cost” is a staggering $11.9 billion hit to the Russian economy. To put that into perspective, ...
Russia’s ruble has outpaced every major currency against the dollar this year, a rally that caught policymakers off guard and ...
After showing strong resilience until second half of 2024, Russia’s sanction-hit economy entered an overheating phase last ...
As sanctions bite and revenues shrink, Russia is slipping backward, reviving barter and improvised trade to keep its economy ...
Kremlin leader Vladimir Putin will be forced to enter peace negotiations due to the further exhaustion of the Russian economy ...
The Moscow Times on MSN
Russia’s economy in 2026: More war, slower growth and higher taxes
With Western sanctions tightening and military demands on the budget due to the war in Ukraine showing little sign of easing, ...
The push for tax collection comes as Russia's growth has slowed to a near standstill nearly four years after its full-scale ...
The Russia-Ukraine war has been brutal to the Russian energy sector. New problems and old issues are accumulating as Russia ...
The Russian economy has been dealing with growing headwinds this year: unruly inflation, a ballooning budget deficit – due in part to massive military spending – and shrinking revenues from oil and ...
The Center for Macroeconomic Analysis and Short-Term Forecasting, a state-backed Russian think tank, said this month the ...
Yerzhan Tokbolat does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond ...
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