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

The Kremlin's export ban on petrol has failed to contain shortages, with queues now stretching for miles as motorists wait hours for limited rations in Russia's Far East.

Russians are likely to face higher taxes as the burden on the budget grows and the Central Bank of Russia says that "the economy needs a breather." View on euronews

Russia has built a shadow network to help its businesses dodge Western sanctions, according to a new report that shines a light on the A7A5 token.

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.

It comes as U.S. President Donald Trump imposed an additional 25 percent tariff on India for buying Russian oil.

EADaily, August 22nd, 2025. Expanding the capabilities of the Northern Sea Route (NSR), the development of the Trans-Arctic Corridor and the Arctic will become a solid foundation for Russia's economic growth and strengthening its status as a great maritime power.

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

ST. PETERSBURG, Russia — Russia's economy is “on the brink of going into a recession,” the country's economy minister said Thursday, according to Russian media reports.

India has signed a terms of reference (TOR) to open trade talks with the Eurasian Economic Union (EAEU). The development comes in the backdrop of a bilateral deal between India and the United States being stalled – much to the frustration of US President Donald Trump and his top officials.

In a desperate bid to save money, businesses across the country are implementing a stringent programme of wage cuts and reduced working hours.