Russian economy

Russia considers export ban as gasoline prices hit record high

Russian government once again considers a full ban on gasoline exports amid a sharp rise in fuel prices, which have surged by 25% since the beginning of the year, The Moscow Times wrote on June 25.

26 June 2025, 01:30 PM

Banking and energy sanctions cripple Putin’s war budget - Zelenskyy

Sanctions against Russia’s banking and energy sectors would deal the greatest blow to its economy, President Volodymyr Zelenskyy said, Ukrinform wrote on June 21.

23 June 2025, 02:43 PM

Putin pushes false unity narrative to justify Ukraine invasion

Russian dictator Vladimir Putin made a series of false claims about Ukraine during his June 20 address at the St. Petersburg International Economic Forum, according to an analysis by the Institute for the Study of War (ISW). The think tank says these statements reflect a deliberate Kremlin disinformation campaign.

21 June 2025, 10:55 AM

European Commission announces 18th Russia sanctions package

Once adopted, EU’s latest package of sanctions against Russia will tighten restrictions on Moscow’s oil exports and rule out any attempts to restart Nord Stream natural gas pipelines, European Commission President Ursula von der Leyen said on June 10.

10 June 2025, 10:20 PM

EU unveils 18th sanctions package targeting Russian oil

The European Commission is set to present its 18th package of sanctions targeting Russia, Rikard Jozwiak, Europe Editor for Radio Free Europe/Radio Liberty wrote on X on June 10.

10 June 2025, 02:32 PM

Russian rail logistics in continued decline — report

Cargo volumes carried by Russian Railways (RZD) continue to plummet: in 2024, shipments fell 4.1%, a record drop in 15 years, but in 2025 the decline doubled, according to RZD statistics cited by The Moscow Times on June 5.

5 June 2025, 10:42 PM

S&P declares default on Ukraine’s GDP warrants over missed $665M payout

International ratings agency S&P Global has downgraded Ukraine’s GDP-linked securities from CC to D, designating a default after the government missed a $665 million payment to holders of the instruments, Reuters reported on June 3.

5 June 2025, 12:46 PM

EU must hit Russia 'where it truly hurts' with 18th sanctions package - Lithuanian Foreign Ministry

European Union’s 18th sanctions package must “hit the aggressor where it truly hurts”, Lithuanian Foreign Minister Kęstutis Budrys wrote on X on May 20.

21 May 2025, 10:18 AM

Russia faces record potato crisis amid food inflation surge

Russia is grappling with a full-blown potato crisis as prices for the staple crop hit record highs, climbing nearly 50% since the start of the year, Bloomberg reported on May 9, citing official data.

10 May 2025, 03:40 PM

Russia may escape U.S. tariffs but not the global economic fallout

At first glance, Russia appears to be sitting on the sidelines of the global trade war unleashed by the White House’s sweeping new tariff package. But as economist and CEPA fellow Alexander Kolyandr argues in an article published April 7, the Kremlin will not emerge unscathed.

9 April 2025, 04:25 PM

Russia’s oil and gas revenue plunges 17% in March

Russia’s federal budget revenues from oil and gas dropped by 17% year over year in March 2025 — a decline of 230 billion rubles, bringing total energy income for the month to 1.08 trillion rubles, The Moscow Times reported on April 3.

3 April 2025, 02:39 PM

U.S. Senate introduces bipartisan Russia sanctions bill to bolster peace efforts

A bipartisan group of U.S. senators introduced a groundbreaking piece of legislation aimed at escalating sanctions on Russia should the country continue to delay or refuse meaningful peace negotiations with Ukraine, The Washington Times and Reuters reported on April 1.

2 April 2025, 06:09 PM

Gazprom and Rusal issue bonds in Chinese yuan

Russian energy giants Gazprom and Rusal have issued bonds denominated in Chinese yuan, while Lukoil has secured a major loan in the Chinese currency, Russian business daily Kommersant reported on March 26.

27 March 2025, 06:55 PM

Ariston comes full circle: Tech giant that served the USSR returns to Putin’s Russia

Ariston Group, a global leader in sustainable thermal comfort solutions, confirmed that by decree of Russian dictator Vladimir Putin, Ariston Holding N.V. has regained full ownership and operational control over its Russian subsidiary, Ariston Thermo Rus LLC.

27 March 2025, 11:16 AM

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

Russian economy

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