News

Russia, under war spending pressure, set for more austerity, tax hikes

Moscow is preparing to raise taxes and cut spending as it tries to maintain high defence expenditure with Russia's economy ...

Russian economic meltdown as workers face 80% cut to wages and grain harvests collapse

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

Russia's economy is now so militarized, it may keep expanding its army even after the Ukraine war

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

Ukraine-Russia war latest: Moscow casts doubt over peace talks after bombing US factory in new wave of strikes

Russian foreign minister Sergei Lavrov has accused European leaders of trying to undermine progress which he said had been ...
Eurasianet on MSN18h

Kazakh GDP per capita projected to outpace Russia’s once dominant economy amid wartime woes

Kazakhstan is now richer than Russia. That is according to the latest data from the International Monetary Fund showing Kazakh GDP per capita is projected to hit an all-time high of $14,770 this year, ...
Crypto News1d

Digital Ruble ‘Will Make Russia $3.2 Billion Per Year,’ Moscow Claims

The digital ruble will boost Russia’s economy to the tune of $3.2 billion per year, the country’s credit ratings agency says.

What is Russia-led Eurasian Economic Union with which India is talking trade?

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 ...
Opinion

We had one chance to sink the Russian economy and we blew it – Putin knew we would

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, ...

The Russian Economy And The War

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

Trump’s empty threats on Russia sanctions

For years, Donald Trump criticized presidents for empty threats. He often pointed to then-President Barack Obama failing to ...

Russia economic meltdown as coal industry suffers £3.2bn loss and car production tanks 28%

The sector is reeling from a drop in both production and revenue, as well as rising debt - with even the largest companies ...