Together with Russia’s third and fourth biggest producers, Gazprom Neft and Surgutneftegaz, targeted in the last days of the Biden White House, the US has now blacklisted Russia’s top four oil companies, accounting for about four-fifths of its oil exports.

The Vienna Institute for International Economic Studies found Russia’s growth has slumped due to sky-high interest rates.

The Kremlin on Wednesday pushed back at U.S. President Donald Trump's warning that the Russian economy was going to collapse, saying that Russia had considerable reserves and was strong enough to allow President Vladimir Putin to achieve his goals.

European leaders vowed to work in coordination to ratchet up the pressure on Russia as the so-called “coalition of the willing” met in London to discuss strategies to end the war in Ukraine.

She worked at Russia’s central bank until early 2022. To sustain its war against Ukraine, Russia militarized its economy. Although—contrary to popular belief abroad—the Russian economy is not on a full wartime footing,

After years of insulation from the effects of Vladimir Putin’s war, Russia’s economy is finally starting to take a hit.

The European Union on Thursday heaped more economic sanctions on Russia, adding to U.S. President Donald Trump’s new punitive measures the previous day against the Russian oil industry. Russian President Vladimir Putin called Washington's move an “unfriendly act” that could backfire by spiking global oil prices.

EADaily, October 25th, 2025. The countries of the European Union (EU) risk losing $238 billion of investments in the Russian economy in the event of confiscation of Russian assets for the issuance of a "reparations loan" to Ukraine.