About half of Russia's military budget is off the books, according to Craig Kennedy, a former Morgan Stanley investment ...

Inflation in Russia accelerated in 2024, official statistics published Wednesday showed, as the costs of Moscow's full-scale ...

Russia spent almost a quarter of the national wealth fund’s available reserves last year to keep the economy on a war footing ...

The reality is that the financial underpinnings of Russia’s war economy increasingly look like a house of cards — so much so that senior members of the governing elite are publicly expressing concern.

The Treasury Department announced Wednesday that it is amping up its sanctions against companies and entities involved in ...

Oil and gas revenue is expected to account for around 27% of Russia's federal revenue in 2025, according to a draft budget ...

Vladimir Putin’s war efforts have hit a humiliating low as some estimates reveal he has lost around 800,000 men in Ukraine ...

The plunging Russian currency, the ruble, has added to inflationary pressures in Russia, British officials have said, as the ...

While Western sanctions have targeted Russia's economy and military production, loopholes have allowed Moscow to largely ...

Two Russian energy giants are set to be sanctioned by the UK and US as the west piles more pressure on Vladimir Putin’s ...