After a brief recession in 2022, the Russian economy boomed in the following two years. Now, though, Russia’s economy is slowing, almost to a standstill. In July GDP grew by just 0.4% on a year earlier;

The Russian economy is in trouble. Growth has stalled, energy revenues have plunged and the budget deficit is growing. If the EU and US step up sanctions, things could get more serious still.

Amid Russia's dwindling economic prospect, the number of registered businesses operating in in the country has fallen to lows not seen since 2010, Ukraine's foreign intelligence service (SZRU) announced.

Ohio, calls for sweeping sanctions on Russia after a Ukraine visit, warning Moscow’s industrial power is fueling the war against Ukraine.

Russia's finance ministry proposed raising the rate of value-added tax on Wednesday to 22% from 20% in 2026 to fund military spending and help curb a swelling budget deficit, in what would be the fifth year of the war in Ukraine.

Oil prices steadied on Thursday after hitting a seven-week high in the previous session as Russia moved to restrict fuel exports until the end of the year, but the gains were limited by new U.S. economic data that tempered optimism around further interest rate cuts.

I think Ukraine, with the support of the European Union, is in a position to fight and WIN all of Ukraine back in its original form,” Trump stated.

Russia’s full-scale war against Ukraine has lasted almost as long as the Soviet involvement in World War II and seems endless. But it must end sooner or later. Then Russia will face the task of putting its entirely militarized economy back onto a civilian footing and redistributing demand from military to civilian industries.