Russia has weathered sweeping economic sanctions over the Ukraine war better than many expected, but the months ahead could pose a tougher test. Russia's economy holds up, but challenges lie ahead ...

Russia's defense spending has hit record highs, but it's struggling with military modernization. Sanctions and war demands are hindering the country's tech procurement and military innovation.

Russian minister Maxim Reshetnikov has warned that the country's economy was teetering "on the brink of recession".

Russian Foreign Minister Sergey Lavrov unleashed a scathing rebuke of European nations following the EU’s latest sanctions on Russia. Labelling Europe as “gone crazy,” Lavrov accused EU leaders of ...

Factbox-Five Key Challenges for the Russian Economy in 2025. More. Reuters. FILE PHOTO: A general view of the city skyline at night in Moscow, Russia, September 17, 2024.

Russia's economy has remained resilient in the face of sanctions and other trade and financial restrictions, but that could be changing now as economic challenges mount. After more than a year of ...

FILE - Russian President Vladimir Putin gestures while speaking at a news conference following a meeting of the State Council at the Kremlin in Moscow, Russia on Dec. 22, 2022. Russia's economy ...

Western sanctions have hit Russian banks, wealthy individuals and technology imports. But after a year of far-reaching restrictions aimed at degrading Moscow’s war chest, economic life for ...

Despite this, increased wartime activities have meant the Russian economy grew by 3.6% last year. However, the CEO of Russia's largest bank, Sberbank, has now said that this growth is a sign of an ...

Russia is using gold and crypto to bypass Western sanctions, a top regulator said on Tuesday. "Netting" is another offbeat way Russia is using to beat sweeping sanctions. Russia's economy faces ...

The economy shrank 2.1% last year, Russia's statistics agency said. The International Monetary Fund predicts 0.3% growth this year — not great, but hardly disastrous. The big change could come ...

Since Russia's full-scale invasion of Ukraine in February 2022, the state of the economy has been secondary to the goal of winning the war against Ukraine. That is the Kremlin's overarching priority.