Inflation in Russia accelerated in 2024, official statistics published Wednesday showed, as the costs of Moscow's full-scale ...

About half of Russia's military budget is off the books, according to Craig Kennedy, a former Morgan Stanley investment ...

The reality is that the financial underpinnings of Russia’s war economy increasingly look like a house of cards — so much so ...

Ukraine aimed to challenge the self-imposed red lines set by the Biden administration and other Western leaders regarding its ...

Putin’s ultimate goal isn’t recreating empire or seeking war with NATO—it’s staying in power. In pressing for greater ...

The Russian economy, fuelled by war expenditures and concealing structural issues, is on the verge of stagnation. Although ...

The White House, now unconcerned about the effect on gas prices and inflation, blacklisted two of Russia’s biggest oil ...

High-ranking sources told independent Russian outlet Meduza that Russia's elites are disappointed the Ukraine war didn't end ...

The U.S. Treasury imposed sanctions on Gazprom Neft and Surgutneftegas, which explore for, produce and sell oil as well as ...

After almost three years of waging war in Ukraine, Russia is feeling the full impact of its economic punishment from the West — and it could prompt the Kremlin to end the war in Ukraine as soon ...

Russia’s war economy, now in its third year, is facing mounting challenges, including rising inflation, labor shortages, and growing economic imbalances. While these issues strain the civilian economy ...