After Russia's invasion of Ukraine, numerous institutes predicted a significant economic slump in Russia in 2022 due to the tightened Western sanctions. This did not materialize. As the energy sector remained almost completely exempt from sanctions until the end of 2022, Russia's economy saw ...
Breaking news and top stories from Russia. The latest on the Russian economy, politics and government, including the latest military updates from the Russia-Ukraine war.
A senior Biden administration official pointed out that, among other things, Russia is running through its liquid reserves and pushing assets toward a war economy in ways that will hurt its social stability. “They have sort of a ticking clock for how long they can sustain the strategy,” sai...
In January, the IMF projected that Russia’s economy would expand by 0.3% this year and 2.1% the next. That was much more optimistic than the latest forecasts from both the World Bank and the Organization for Economic Cooperation and Development. Economists at those groups have penciled in co...
Union brought profound political and economic changes, including the beginnings of the formation of a large middle class, for much of the postcommunist era Russians had to endure a generally weak economy, high inflation, and a complex of social ills that served to lower life expectancy ...
Most people have a preconceived notion that there will be a clear winner and loser from any war. In their view, the world economy will go on, much as before, after the war is “won” by one side or the other. In my view, we are basically dealing with a no-win situation. No m...
"Put simply, we are making the Kremlin's choice—between funding its illegitimate war and propping up its economy—harder each day," Adeyemo added. — Amanda Macias Tue, Feb 21 20231:49 PM EST Biden announces U.S. will host 75th anniversary NATO summit in 2024 ...
Following Russia's invasion of Ukraine, around$300 billion of Russian central bank reserveswere frozen by the G7 and its partners in March 2022. "Some people say that the Russian central bank assets should be given to Ukraine after the war for the rebuilding of Ukraine, well I say well ho...
Russia - Energy, Manufacturing, Agriculture: The Russian republic, by virtue of its great size and abundant natural resources, played a leading role in the economy of the Soviet Union. In the first decades of the Soviet regime, these resources made possi
US leads the world in aid to Ukraine one year into war From CNN's Alex Leeds Matthews One year afterRussia’s invasion, the US still leads the world in bilateral aid sent to Ukraine, according to the Kiel Institute for the World Economy, a German research institute that has been tracking...