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Two years after its full-scale invasion of Ukraine, Russia is still facing an unprecedented number of economic sanctions. It has been excluded from major global financial services, and around...
Ukrainian President Volodymyr Zelensky has said the war with Russia could end sooner than some people think. "I think that we are closer to peace than we think," he told US broadcaster ABC News ...
War with Ukraine is the only thing preventing Russia from entering an immediate recession, economists say. Russia would be in a recession by now if it weren't for the nation's hefty war budget ...
It was March 2022. The Russian rouble crashed, the value in London of corporate giants Gazprom and Sberbank fell 97%. Queues began to form at cash machines in Moscow. Oligarchs' yachts, football...
Russia fended off a Western-backed Ukrainian counteroffensive and has taken the initiative on the front, buoyed by frozen American aid for Ukraine. Still, Russia has sustained huge costs to get...
Russia will soon be unable to pay its debts, according to a leading credit ratings agency. Fitch Ratings downgraded its view of the country's government debt, warning a default is...
Russia’s Economy Is Increasingly Structured Around Its War in Ukraine. The nation’s finances have proven resilient, despite punishing sanctions, giving it leeway to pump money into its military...