Russia's manufacturing activity contracted sharply in June, a sign that its economy could be slowing. The downturn was driven by weak demand and a strong ruble, affecting exports and jobs. Russia ...

Russia has confiscated nearly 3.9 trillion rubles, or about $50 billion, worth of assets since its full-scale invasion of Ukraine in 2022, according to a report by the Moscow law firm Nektorov ...

Russian authorities have confiscated assets worth some $50 billion over the past three years, underscoring the scale of the transformation into a "fortress Russia" economic model during the war in ...

A slowdown exposes the limits of the country’s wartime economy and suggests sanctions may finally be taking a toll.

The head of Russia's biggest bank warned of economic troubles despite Putin's more positive spin.

Russia's economy, retooled for war, is now showing signs of significant slowdown and heading towards a recession, despite initial resilience to Western sanctions.

Russia’s economy faces a worsening outlook that is graver than publicly acknowledged, with a credible risk of a systemic banking crisis in the next 12 months, according to Russian banking officials.

Western countries have imposed unprecedented economic sanctions on Russia, yet Putin remains unfazed. Unlike Iran or North Korea, Russia has built an economy designed to withstand financial ...

Russia's wartime economy may finally be losing steam, fresh data shows. In June, Russia's manufacturing Purchasing Managers' Index sank to 47.5 — its sharpest pace of contraction since March ...

European countries are constantly writing Russia off, although they themselves are experiencing great challenges in economy and are on the brink of survival, TASS reports.

Russia’s summer offensive signals Putin’s determination to overwhelm Ukraine using mass drone warfare, motorcycle assaults, and Chinese tech support, while betting on scale, endurance, and ...

President Vladimir Putin said on Friday that Russia was looking to cut its military expenditure from next year, contrasting that with NATO's plan to ramp up defence spending over the next decade.