The push for tax collection comes as Russia's growth has slowed to a near standstill nearly four years after its full-scale invasion of Ukraine.

In U.S. dollar terms, that “cost” is a staggering $11.9 billion hit to the Russian economy. To put that into perspective, Venezuela is second-placed, taking a much more modest $1.91 billion hit to its already ravaged economy.

Russia’s ruble has outpaced every major currency against the dollar this year, a rally that caught policymakers off guard and threatens to undermine the nation’s wartime economy.

After showing strong resilience until second half of 2024, Russia’s sanction-hit economy entered an overheating phase last year, followed by a period of cooling - Anadolu Ajansı

Is Russia's economy really on the verge of collapse? Despite what some Western leaders suggest, the numbers tell a very different story. While Russia is running a growing deficit and dealing with inflation,

Kremlin leader Vladimir Putin will be forced to enter peace negotiations due to the further exhaustion of the Russian economy. — Ukrinform.

An economic slowdown in Russia this year to 1% growth from 4.3% in 2024 was the result of conscious actions by the central bank to bring down the inflation rate, President Vladimir Putin said on Friday.

The Russian economy has been dealing with growing headwinds this year: unruly inflation, a ballooning budget deficit – due in part to massive military spending – and shrinking revenues from oil and natural gas. Economic growth has also slowed sharply.

The Center for Macroeconomic Analysis and Short-Term Forecasting, a state-backed Russian think tank, said this month the country could face a banking crisis by next October if loan troubles worsen and depositors pull out their funds, according to the Post.

Prime Minister Mikhail Mishustin offered a dark assessment of Russia’s economic and fiscal situation at a Cabinet meeting on Thursday. Even the pro-Kremlin Moskovskij Komsomolets newspaper struggled to whitewash Mishustin’s remarks, observing that the ...

Ukraine’s third-largest city plays an outsize role in Ukraine’s export-oriented economy, which depends on cheap routes to market. Before the war, Odessa’s three deep-sea ports handled roughly 60% of all exports.

So today I provide a round-up of four recent research reports, all out in the past six weeks, that shine a light on the best up-to-date understanding of how Russia is faring economically. Trying to get a true picture of the Russian economy could involve asking questions from at least two perspectives.