Moscow is preparing to raise taxes and cut spending as it tries to maintain high defence expenditure with Russia's economy creaking under the weight of financing the more than three-year war in Ukraine,

Military production and defense spending are propping up Russia's economy and may shape its future long after the war in Ukraine.

As a result of the ongoing wealth destruction, the adverse effects of the war on Russia’s economy are becoming increasingly apparent.

Despite Europe’s pledge to stand side by side with Ukraine, many of Zelensky’s allies couldn’t stomach the one sacrifice it would take to cause Putin real harm: to give up his oil and gas completely,

As President Trump turns up the economic pressure to push Moscow to reach a cease-fire, WSJ explains how Russia’s economy has survived and how long it can keep going.

The IMF now expects Russia's economy to grow 0.9% in 2025, down from the 1.5% it had projected in April.

The European Union's 19th package of sanctions against Russia is expected to be ready in September, top EU diplomat Kaja Kallas announced on Aug. 19, as the EU ramps up its pressure on Moscow in hopes that it will push Russia to end its war in Ukraine.

In particular, cutting off the “shadow fleet” of tankers that deliver Russia’s oil under the radar would send the war economy into a “deep financial crisis,” according to Robin Brooks, a senior fellow at the Brookings Institution and former chief economist at the Institute of International Finance.

For years, Donald Trump criticized presidents for empty threats. He often pointed to then-President Barack Obama failing to enforce his “red line” on Syria using chemical weapons. During his first term in 2017, Trump called it a “blank threat” that cost us “in many other parts of the world.”