Why Russia's economy may be even worse off after the war in Ukraine ends
Russia appears to be "addicted" to military spending to keep its economy propped up, a think tank said this week.
Moscow
A Russian cargo ship that may have been part of an evacuation run to Syria sank
The Ursa Major ship went down after an explosion in the engine room, Russia's foreign ministry said.
Russia's overheated economy is squeezing one of Moscow's key trading channels with China
Russia's rail industry is in its worst downturn since the Great Financial Crisis, according to an estimate from MMI Research.
A Russian missile and drone developer was assassinated in a Ukrainian hit: reports
An official who worked on Russia's cruise missiles and on incorporating AI into drones was killed in a Ukrainian op near Moscow, according to reports.
Russia's economy is so driven by the war in Ukraine that it cannot afford to either win or lose, economist says
"A protracted stalemate might be the only solution for Russia to avoid total economic collapse," one economist says.
The chances of Russia's economy collapsing are 'extremely small,' and the war can go on for the long term, economist says
An economist says Russia can fight the war in Ukraine indefinitely as its economy has adapted and is now stable.
Russia's oil revenue plummeted 29% in October amid volatile global crude prices
One of Russia's largest revenue sources took a hit in October, with oil revenue falling nearly 30% on an annual basis.
Russia faces a crisis regardless if Putin ends or continues the war in Ukraine, economist says
Continuing the war means the economy faces stagnation, while ending it would shut off the massive defense spending that's driven growth, Alexander Mertens writes.
Russia's imports from China surged in September as Moscow and Beijing deepen economic ties
Total trade between Russia and China has notched 1.28 trillion yuan from the start of the year through September.
Russia is reportedly making it more painful for businesses to leave by forcing big discounts and raising exit taxes
New rules in Russia have firms selling their operations in the nation at a 60% discount, sources told Bloomberg.
Russia is said to be losing another banking partner as more lenders turn their back on Moscow over fear of sanctions
Oversea-Chinese Banking Corp. told customers it would no longer process Russian transactions come November, a report says.
Russia's economy faces 'near stagnation' with sanctions whittling down annual GDP growth, European economist says
Russia's economy could be losing as much as 3% of its GDP a year due to Western sanctions, a European economist estimates.
War with Ukraine is the only thing preventing Russia from entering an immediate recession, economists say
Russia's war efforts are masking issues with inflation, currency, and oil revenue, economists told BI.
Russia says it scrambled fighter jets to intercept 2 US B-52H Stratofortress bombers approaching the Russian border
The B-52H Stratofortress is a long-range heavy bomber that can carry both conventional and nuclear weapons.
Russia's weakened energy trade and lost access to the dollar will spark a severe recession within a year, a top economist says
Russia's energy profits are tumbling, and the nation could face major financial trouble as it loses access to the US dollar, one economist says.
Russia is doubling down on its de-dollarization efforts as Putin calls to reduce use of 'toxic' currencies
Russia's use of "toxic" currencies has been slashed in half over the past year, Putin said.
Vintage photos show what life looked like behind the Iron Curtain
From hidden discotheques to winning soccer teams, photos show what life was like in the Soviet Union before the Berlin Wall fell.
Russian energy giant Gazprom reported its first annual loss in 24 years amid Western sanctions
Sanctions and broader energy market factors weighed on profits. Shares of the energy giant saw their steepest drop in a year.
US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
The US bought 81 Soviet-era combat aircraft from Kazakhstan, the Kyiv Post reported.
Russia will grow faster than the US and all other advanced economies this year, the IMF says
Russia's economy in 2024 is expected to grow by 3.2%, outpacing the US, Germany, the UK, and Japan, according to the IMF.