About half of Russia's military budget is off the books, according to Craig Kennedy, a former Morgan Stanley investment ...

Inflation in Russia accelerated in 2024, official statistics published Wednesday showed, as the costs of Moscow's full-scale ...

The rapid decline of Russia’s reserves is largely due to Western sanctions. These sanctions have cut off Russia from ...

After three years of war, strict sanctions, and dwindling oil prices, the odds are stacked against the Kremlin in 2025, a ...

The U.S. Treasury imposed sanctions on Gazprom Neft and Surgutneftegas, which explore for, produce and sell oil as well as ...

The reality is that the financial underpinnings of Russia’s war economy increasingly look like a house of cards — so much so that senior members of the governing elite are publicly expressing concern.

Russia's total military spending far exceeds its budget capabilities and could lead to the collapse of corporations and banks ...

Proceeds from oil and gas sales for Russia's federal budget in 2024 jumped by more than 26% to 11.13 trillion roubles ...

President Joe Biden's administration says it's expanding sanctions against Russia's critically important energy sector over ...

With the economic outlook so bleak, time is not on Russia’s side. So far Mr Putin has prioritised his war against Ukraine ...

American firms paid Russia $1.2bn in profit taxes in 2023, according to figures shared exclusively with Newsweek.

Russia's military on Tuesday said it would retaliate against Ukraine after Kyiv attacked Russian regions by firing six ...