Odesa, Russia
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Russia's flagging economy poses major problems for Putin's 2026 war effort
Zelensky also said that Russia's ability to sustain its war against Ukraine will not be decided by President Putin's rhetoric but by the level of Western pressure
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.
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.
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Russia’s economy is struggling. But that won’t bring Putin to the negotiating table for years
The Russian economy has been dealing with growing headwinds this year: unruly inflation, a ballooning budget deficit and shrinking energy revenues. But analysts say the Kremlin could weather the storm for many more years.
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.
The Center for Macroeconomic Analysis and Short-Term Forecasting, a state-backed Russian think tank, said this month the country could face a banking crisis by next October if loan troubles worsen and depositors pull out their funds, according to the Post.
Russia’s practice of state seizure is growing at pace, as it reappropriates businesses and assets from those the regime considers disloyal.
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.
Comments from deputy foreign minister Sergei Ryabkov carried by state news agency
Prime Minister Mikhail Mishustin offered a dark assessment of Russia’s economic and fiscal situation at a Cabinet meeting on Thursday. Even the pro-Kremlin Moskovskij Komsomolets newspaper struggled to whitewash Mishustin’s remarks, observing that the ...
Yerzhan Tokbolat does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment. Russia’s wartime economy is ...
Nearly four years of war in Ukraine have devastated the Russian civilian economy. This year, 75 percent of Russia’s regions report serious budget deficits and more enterprises are becoming unprofitable.
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