About half of Russia's military budget is off the books, according to Craig Kennedy, a former Morgan Stanley investment banker.
Russia's total military spending far exceeds its budget capabilities and could lead to the collapse of corporations and banks ...
The Russian economy is beginning to falter, with inflation exceeding 9 percent. The central bank has raised the main interest ...
The Russian economy is struggling, and that is likely to increase pressure on President Vladimir Putin for peace negotiations ...
The reality is that the financial underpinnings of Russia’s war economy increasingly look like a house of cards — so much so that senior members of the governing elite are publicly expressing concern.
Inflation hasn't spared Russia. At his end-of-year press conference, Vladimir Putin himself acknowledged that inflation, a ...
American firms paid Russia $1.2bn in profit taxes in 2023, according to figures shared exclusively with Newsweek.
Russia’s focus on armaments is draining its industrial base, straining companies vital to the economy. As the war in Ukraine ...