Russian economy decline

Russia’s war economy slides into stagflation as costs and deficits mount

Russia’s economy is becoming Moscow’s main constraint in its ability to continue the war against Ukraine as inflation, falling energy revenue and soaring military spending deepen the strain, economist Volodymyr Vlasiuk wrote in a column for NV Business.

15 May, 12:28 PM

Russia’s war economy strains as historic labor shortage drains workforce

Russia has never faced a labor shortage as severe as the one now weighing on its economy, Russian Central Bank Governor Elvira Nabiullina said, The Moscow Times reported on April 28.

28 April, 04:38 PM

Russian regions sink deeper into budget crisis after record deficits

Russia’s regional budget deficits, which reached a record high in 2025, are expected to widen further, Russian Finance Minister Anton Siluanov said, The Moscow Times reported.

27 April, 04:57 PM

Russia’s largest aluminum producer posts loss as costs surge

Rusal, Russia’s largest aluminum producer, reported a net loss of $455 million for 2025, reversing a profit of $803 million recorded a year earlier.

18 March, 01:29 PM

Russian economy decline