About half of the country’s federal budget goes toward the fight in Ukraine, money that does little to support its long-term development.

Russia’s economy is stuck in what might be described as negative equilibrium: holding itself together while steadily destroying its own future capacity,” she wrote. The eco ...

As Moscow's full-scale invasion of Ukraine marks four years, the pressure on Russia's economy is starting to show.

More than half of large companies in Russia ended 2025 with falling profits, cut back or completely froze investment projects, and many of them are preparing to lay off employees, the Russian Union of ...

On January 19, Russia’s Ministry of Finance published a report assessing the country’s federal budget execution in 2025. The document found that Russia ran a federal budget deficit equal to 2.6% of ...

Ukraine's economy is enduring its toughest period since the early months of Russia's invasion after sustained air strikes ...

Hungary is halting diesel shipments to Ukraine as a dispute over interrupted Russian oil flows through Ukraine drags on.

The Kremlin’s financial situation is becoming increasingly dire and could come to a head in a matter of months as oil revenue shrinks while President Vladimir Putin shows no intention of ending his ...

The backing of the G7 – a group of major advanced economies that includes the US, Japan, the UK, and Canada – is “not an ...

Russia's crucial oil and gas revenues, which have sustained its war against Ukraine, have suddenly dwindled to multi-year lows as the fourth anniversary of the full-scale invasion approaches. This ...

Federal worker fired after hanging trans flag at Yosemite sues government ...