Belts tightened, cafes closed: Russia begins to feel the true cost of war
At a time when the Russian economy is somewhere between stagnation and recession, ordinary citizens are beginning to…
Russian official warns a banking crisis is possible amid nonpayments. ‘I don’t want to think about a continuation of the war or an escalation’
Russia’s financial system is reportedly coming under more strain as Moscow’s war on Ukraine nears the end of…
VTB CEO says Russian firms are eyeing Global South for expansion
By Elena Fabrichnaya and Gleb Bryanski MOSCOW, Dec 1 (Reuters) – Russian companies are eyeing expansion opportunities in…
Russia’s ‘disposable-goods’ war economy is getting busier but poorer, and Trump’s new sanctions could trigger a recession, analysts say
Vladimir Putin’s wartime economy has been resilient in the face of Western sanctions triggered by his invasion of…
Russia’s central bank reveals GDP is shrinking, in a sign Putin’s war economy has slipped into recession
The Bank of Russia lowered benchmark rates again on Friday and denied the economy is in a recession,…