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 ...
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After US Tariff Hike, EAM Jaishankar Calls On Russia To Intensify Economic Cooperation And Trade With India

Noting India's rapidly growing economy and initiatives like 'Make in India' that have opened up new windows for foreign ...

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 ...

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 ...
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 ...

EU's 19th sanctions package against Russia expected to be ready in September, Kallas says

The European Union's 19th package of sanctions against Russia is expected to be ready in September, top EU diplomat Kaja ...