Russia's federal budget received 132 billion rubles from property sales.

Russia’s wartime economy is showing severe signs of strain, teetering on the brink of recession as it grapples with a burgeoning budget deficit, falling oil revenues, and soaring interest rates. -In the first quarter of 2025 alone,

A slowdown exposes the limits of the country’s wartime economy and suggests sanctions may finally be taking a toll.

The Russian economic engine is showing clear signs of exhaustion — a reality the Kremlin is beginning to acknowledge. The military-driven boom of 2023 and 2024 is now in the past

Russia's new sanctions-busting method is "netting," an accounting tactic.

U.S. Secretary of State Marco Rubio said Thursday that the U.S. and Russia have exchanged new ideas for Ukraine peace talks after he met with his Russian counterpart in Malaysia Thursday.

For Vladimir Putin, Russians’ appetite for the vegetable has become problematic, however. Shortages have pushed up prices by 167pc over the past year, the biggest rise of any food.

Households are turning to the typically affordable food option as their incomes shrink, driving up demand while harvests shrink.

Russian officials are telegraphing a slowdown of the country’s war economy -- the first major slump since the launch of the Kremlin’s invasion of Ukraine more than 40 months ago. What it means for the war is uncertain.

Fortress Russia’ uses host of mechanisms to take major assets as Moscow weathers Western attempts to sink its economy.

On the cold Russian tundra in the Arctic, oil rigs used to hum with the possibility of surplus budgets. Today, Russia’s benchmark Urals crude has fallen below $50 a barrel far below the $69.70 Kremlin policymakers had written into their 2025 fiscal budget.