Russian economy

Russia’s war economy and the 'Zugzwang' trap: Part Two of our interview with exiled economist Igor Lipsits

In Part One of our exclusive interview with renowned Russian economist Professor Igor Lipsits, we explored how the Kremlin’s financial mismanagement is leading the country toward a full-scale budgetary and industrial crisis. In Part Two, Professor Lipsits delves deeper into the mechanics of Russia’s war economy, the limits of Western business engagement, the illusion of a sanctions reprieve, and the emerging impact of Ukrainian drone strikes on Russia’s fuel and energy infrastructure.

22 March 2025, 08:35 PM

Putin’s costly obsession: How years of fixation on Ukraine crippled Russia’s economy

Russia’s economy is on the brink of collapse after more than a decade of sanctions and war, driven by Vladimir Putin’s obsession with Ukraine, economist and business leader Ruslan Shostak wrote in NV Business on March 17, warning that even with potential support from U.S. President Donald Trump, the damage has pushed Russia dangerously close to the point of no return.

19 March 2025, 12:13 AM

Former CIA director: Russia’s losses are so high, any other country would pause

Russia’s military has suffered such massive losses that any other country would need a break from the war by now, former CIA Director David Petraeus said in an interview with NV on Feb. 26.

27 February 2025, 04:30 PM

Russia drafts plan to seize ‘unfriendly’ nations’ assets

Russian authorities have drafted legislative changes that could allow the confiscation of frozen funds belonging to foreign companies and investors, Reuters reported on Feb. 7.

7 February 2025, 05:09 PM

Russia’s agricultural sector struggles as grain exports drop by a third

For the first time in years, Russia is on the verge of losing its leading position in the global grain market. The Russian Grain Union forecasts that in 2025, the country’s grain exports will drop by one-third, according to a Jan. 29 report by The Moscow Times.

29 January 2025, 07:10 PM

Putin frets over war-hit economy, hints at declaring ‘goals achieved’

Russian dictator Vladimir Putin has acknowledged the pressure the war in Ukraine places on Russia’s economy. The strain has sparked discussions about the need for a ceasefire through negotiations, five anonymous sources told Reuters.

23 January 2025, 04:02 PM

Sberbank slashes jobs as economic instability grips Russia

Russia’s Sberbank has launched a large-scale layoff campaign targeting employees in its subsidiaries: Kooper, MegaMarket, SberLogistics, and Samokat. All four divisions are part of Ecom.tech, a team developing e-commerce solutions.

22 January 2025, 05:36 PM

Ukrainian businesses see continued U.S. support likely in 2025

Most Ukrainian businesses anticipate sustained or increased U.S. support and a potential ceasefire in 2025, according to a recent survey.

21 January 2025, 02:35 PM

Russia moves to seize Ukrainian business, alleging ‘anti-Russian campaign’

Russia’s Prosecutor General’s Office has filed a lawsuit seeking to confiscate and transfer to state ownership the assets of Ukrainian alcohol producer Bayadera Group located in Russia, The Moscow Times reports, citing Kommersant.

20 January 2025, 12:31 PM

Putin’s clock ticks down: Russia’s wartime economy teeters like a house of cards

Russian dictator Vladimir Putin is trying to persuade Ukraine’s allies that time favors him and his demands, but Russia’s economy increasingly resembles a house of cards, Financial Times reported Jan. 10.

13 January 2025, 09:51 AM

Russian economy falters amid long-range missile escalation

Russian financial markets plunged as U.S.-supplied ATACMS missile strikes on Russian territory escalated geopolitical tensions, The Moscow Times reported on Nov. 19.

20 November 2024, 11:19 AM

Gazprom's profits soar to $11.4 billion in first half of 2024

Gazprom, the Russian energy giant, reported a net profit of 1.04 trillion rubles ($11.4 billion) for the first half of 2024, according to international financial reporting standards, news agency Interfax reported on Aug. 29.

30 August 2024, 12:24 PM

Russian inflation soars past 70% since Ukraine invasion, surpassing official figures

Since Russia's invasion of Ukraine in February 2022, inflation in Russia, based on a real consumer basket, has surged 71.4%, according to an Aug. 20 report by The Moscow Times, citing data from Romir research holding.

21 August 2024, 10:55 AM

Russian blue-chip stocks tumble on Moscow Exchange amid Kursk operation impact

The Moscow Stock Exchange index fell on Aug. 19 to its lowest point since July 2023, Russian news agency Interfax reports.

19 August 2024, 05:40 PM

Yuan liquidity in Russia dries up as Chinese banks halt transfers

Chinese banks are growing increasingly wary of indirect involvement in financing Russia’s military efforts due to expanded U.S. sanctions announced in June, Bloomberg reported on Aug.13.

14 August 2024, 10:58 AM

Russian economy

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