Russian economy

Rosneft, Lukoil valuations down $5 billion after U.S. sanctions

Shares of Rosneft and Lukoil, Russia’s two largest oil companies, tumbled sharply on the Moscow Exchange after the United States sanctioned them, independent Russian newspaper The Moscow Time reported on Oct. 24.

25 October 2025, 02:19 AM

Three Russian regions start rationing gasoline

Caused by the Ukrainian drone strike campaign targeting oil infrastructure, the fuel crisis has forced three Russian regions—Irkutsk Oblast, Buryatia, and Zabaykalsky Krai—to start rationing gasoline, independent Russian newspaper The Moscow Times reported on Oct .22.

22 October 2025, 09:52 PM

Trump taunts Putin over gasoline shortage

The Russian fuel crisis induced by Ukrainian drone strikes suggests that Russia’s economy could “collapse” if Russian dictator Vladimir Putin does not end the war soon, U.S. President Donald Trump said on Oct. 14.

15 October 2025, 02:14 AM

Russia’s oil revenues slump 20% in September

Moscow’s revenues from oil exports fell 20% year-over-year in September to RUB483.5 billion ($5.9 billion), marking their lowest levels since 2020, Bloomberg reported on Oct. 3.

3 October 2025, 11:48 PM

Kremlin falls short of expectations as Russia’s oil and gas revenues plunge

Russia’s federal budget revenue from oil and gas in September 2025 dropped by 24.5% compared to September 2024, totaling 582.5 billion rubles (about $5.9 billion), The Moscow Times reported on Oct. 3.

3 October 2025, 02:17 PM

Moscow and Yaroslavl refineries seen as key markers of looming crisis for Russia — economist

Vyacheslav Shyriaiev, a Russian opposition economic analyst whom the Kremlin designated as a so-called “foreign agent” this year, told NV which Russian refineries Ukrainian drones need to hit next to cause a true economic collapse in Russia.

2 October 2025, 01:35 PM

Russia submits 2026 draft budget with rising deficit, flat defense spending

Russia’s government has submitted a draft federal budget for 2026 and a planned outlook for 2027–2028 to the State Duma, Interfax reported on Sept. 29.

29 September 2025, 05:29 PM

Back to the ‘90s: Putin turns to old-school barter to dodge sanctions

Russia is reviving traditional barter trade in its foreign dealings for the first time since the 1990s, as companies seeking to skirt Western sanctions trade wheat for Chinese cars and flax seeds for construction materials, Reuters reported on Sept. 15.

15 September 2025, 02:39 PM

Ukraine’s refinery strikes worsening Russia’s fuel crisis and inflation outlook – ISW

Ukrainian drone strikes on oil refineries inside Russia have exacerbated the country’s gasoline shortage, likely accelerating inflation and worsening an already fragile economic outlook, the Institute for the Study of War (ISW) said in an Aug. 28 report.

29 August 2025, 02:23 PM

To keep funding war, Russia braces for austerity

The Kremlin is preparing to raise taxes and trim budget spending to preserve its financing of the war against Ukraine, even as Russia’s budget deficit widens and oil and gas revenues shrink under Western sanctions, Reuters reported on Aug. 20.

21 August 2025, 12:52 AM

Russia slashes enlistment bonuses as budget deficit surges

Russia is being forced to cut spending on what Ukraine’s military intelligence calls the main resource in its war against Ukraine — “cannon fodder” — by reducing enlistment bonuses for recruits from certain regions, Ukraine’s Main Intelligence Directorate (HUR) reported on Aug. 15.

15 August 2025, 12:50 PM

Belarusian imports threaten Russian cement industry

Belarusian cement is displacing Russian products from the domestic market, leading Russian producers to propose import limits and anti-dumping duties, Ukraine’s Foreign Intelligence Service reported on Aug. 12.

12 August 2025, 05:45 PM

Russia ships first oil cargo to Vietnam as it seeks new petrochemical buyers

Russia has shipped its first oil cargo to Vietnam, stepping up efforts to find new buyers amid Western sanctions that have hit its energy exports, Reuters reported on Aug. 6.

6 August 2025, 06:31 PM

Back to shortages: Russia eyes Soviet-style food price controls

Russia’s government is preparing to reintroduce strict price controls on basic food products in an effort to contain inflation fueled by a poor harvest and soaring wartime spending, The Moscow Times reported on July 30.

31 July 2025, 11:56 AM

Russia halts gasoline exports as drone strikes and sanctions strain supply

Russia has imposed a nationwide ban on gasoline exports through the end of August, aiming to satisfy rising domestic demand as drone strikes and Western sanctions disrupt seasonal refinery maintenance, Bloomberg reported on July 28.

29 July 2025, 12:15 PM

Amid sales slump, Russia launches new domestic car — photos

Russian automaker AvtoVAZ has begun sales of its new Lada Iskra model, production of which started in April, Interfax reported.

18 July 2025, 12:40 PM

Russia seizes U.S. company assets

The Moscow Arbitration Court has confiscated Glavprodukt, Russia’s largest canned food producer, from its U.S. owner in favor of the Russian state, independent Russian outlet The Moscow Times reported on July 14.

14 July 2025, 09:53 PM

Ukraine offers Azerbaijan tax-free gas storage deal in Europe’s largest underground facilities

Ukraine has offered Azerbaijan access to its vast underground gas storage facilities — the largest in Europe — on favorable customs terms, as part of a broader push to deepen bilateral energy cooperation, Ukrainian Energy Minister Herman Halushchenko announced on Facebook on July 12.

14 July 2025, 12:45 PM

Russia eyes North Korea, China for exports from seized U.S.-owned cannery

Russia is planning to ramp up exports from a confiscated American-owned canned food company, looking to offset falling domestic sales by targeting new markets in China and North Korea, Reuters reported on July 10.

11 July 2025, 04:41 PM

Putin publicly admits economic troubles, says defense spending will be cut

Russian dictator Vladimir Putin has acknowledged the country’s deepening economic problems and said defense spending would be reduced amid a downturn and warnings of a possible recession, The Telegraph reported on June 27.

29 June 2025, 11:36 AM

Russian economy

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