Assets of many Western companies were expropriated and those of some major Russian businesses were seized by the state.

The conflict has been accompanied by a significant transfer of assets as many Western companies fled the Russian market ...

Fortress Russia’ uses a host of mechanisms to take major assets as Moscow weathers Western attempts to sink its economy.

Russia's federal budget received 132 billion rubles from property sales.

Households are turning to the typically affordable food option as their incomes shrink, driving up demand while harvests ...

For Vladimir Putin, Russians’ appetite for the vegetable has become problematic, however. Shortages have pushed up prices by ...

Russian consumers have been hit with a hefty spike in inflation, caused primarily by an increase in charges for utilities.

The Kremlin's grip on the Russian elite appears to be closing ever tighter as two major figures of Russian business and ...

A slowdown exposes the limits of the country’s wartime economy and suggests sanctions may finally be taking a toll.

Long seen as loyal to Russian President Vladimir Putin, billionaire Konstantin Strukov is on the verge of being stripped of ...

The Russian economy has adapted to Western sanctions and inflation is now slowing, but turbulent times and major ...

Since its illegal invasion of Ukraine in 2022, Russia has become the most sanctioned nation on Earth, and yet its economy has ...