In U.S. dollar terms, that “cost” is a staggering $11.9 billion hit to the Russian economy. To put that into perspective, Venezuela is second-placed, taking a much more modest $1.91 billion hit to its already ravaged economy.

The push for tax collection comes as Russia's growth has slowed to a near standstill nearly four years after its full-scale invasion of Ukraine.

After showing strong resilience until second half of 2024, Russia’s sanction-hit economy entered an overheating phase last year, followed by a period of cooling - Anadolu Ajansı

Russia’s ruble has outpaced every major currency against the dollar this year, a rally that caught policymakers off guard and threatens to undermine the nation’s wartime economy.

The Russian economy is rapidly moving toward a recession, a trend acknowledged by analytical bodies close to the Kremlin. — Ukrinform.

Is Russia's economy really on the verge of collapse? Despite what some Western leaders suggest, the numbers tell a very different story. While Russia is running a growing deficit and dealing with inflation,

An economic slowdown in Russia this year to 1% growth from 4.3% in 2024 was the result of conscious actions by the central bank to bring down the inflation rate, President Vladimir Putin said on Friday.

Losses from economic crimes in Russia in January–November 2025 amounted to about $4 billion, breaking previous "records" and reducing Russia's investment attractiveness even for so-called "friendly" countries.

Since the annexation of Crimea in 2014, the Russian economy has experienced profound shocks which began with the implementation of Western sanctions and a seismic decrease of global oil prices. The economy fell into recession, and despite temporary ...

MOSCOW (Reuters) -Russia sees economic growth in 2025 slowing to 1.5%, far below the earlier 2.5% forecast, as high interest rates imposed to reduce inflation have stifled borrowing, Finance Minister Anton Siluanov told President Vladimir Putin on Wednesday.

Ukraine’s third-largest city plays an outsize role in Ukraine’s export-oriented economy, which depends on cheap routes to market. Before the war, Odessa’s three deep-sea ports handled roughly 60% of all exports.