The restrictive measures do not target Russian ... s economy may continue to shrink in 2023. Its GDP is forecast to decline by 2.5% in the worst-case scenario (OECD) or by 0.2% according to the World ...

They often hail from the country’s poorest regions and lack the skills needed in the civilian economy. A line chart showing that Russian rates hit 20% after the Ukraine invasion, before more ...

Russia’s economy has “reached the limits of its productive capacity while demand continues to be stimulated,” Central Bank chief Elvira Nabiullina warned the Russian parliament in November ...

Oil, a product that has helped keep the Russian economy afloat amid crunching sanctions also looks to be on a downward trajectory. In 2024, Lukoil reported a stunning 26.5% drop in net profits ...