economic loss

One in four Russian companies launched mass layoffs amid economic slowdown

Russian companies have moved to mass layoffs amid worsening economic conditions, with 25% of firms cutting staff in 2025 compared with 10% in 2023, The Moscow Times reported, citing labor market research on May 13.

13 May, 12:41 PM

Russia’s first economic dip in 3 years was 'expected' – Peskov

Kremlin spokesman Dmitry Peskov said Russia’s first quarterly economic contraction in three years was “expected” and tied to measures to ensure stability, The Moscow Times reported on Apr. 30.

30 April, 06:53 PM

Russia loses $100 million daily from Ukrainian strikes on oil infrastructure

Russia is losing approximately $100 million every day due to Ukrainian Defense Forces strikes on its oil infrastructure, the Unmanned Systems Forces of the Armed Forces of Ukraine reported on April 18.

18 April, 04:50 PM

Russia’s GDP shrinks 1.8% as 22 industries slide into decline

The Russian economy ended February with a decline. After a 2.1% drop in January, GDP contracted another 1.5% in February and 1.8% for the first two months of 2026 compared with the same period a year earlier, The Moscow Times reported on April 3, citing the State Statistics Service and the Ministry of Economic Development.

3 April, 03:55 PM

Ukraine’s total war losses surge to staggering $2.3 trillion

Total economic devastation of Ukraine caused by the Russian invasion has reached $2.3 trillion, with direct revenue losses alone estimated at $1.7 trillion, Kyiv School of Economics (KSE) wrote on Feb. 23.

24 February, 01:44 PM

Economic Security Bureau exposes costly impact of Ukrainian lawmaker benefits

Ukraine is losing tens of billions of hryvnias due to various benefits claimed by lawmakers, with such benefits constituing part of broader schemes, stated acting head of the Economic Security Bureau Andriy Pashchuk in an interview with Ukrinform on March 4.

5 March 2024, 04:10 PM

economic loss