Russia saw a surge in consumer spending after its 2022 invasion of Ukraine, even as sweeping sanctions hit the economy.

Russians are starting to notice. In a recent survey, says Vladimir Zvonovsky, a sociologist in the Russian city of Samara, the number of those saying their well-being was deteriorating was triple those saying it was improving. It is now at the highest level since the start of the war.

As of today, the Russian economy is beginning to shift from stagnation to decline — a state referred to as a "technical recession," states Ivan Us, chief consultant at the National Institute for Strategic Studies,

The Russian rouble will be stronger than previously expected, which represents a challenge for the economy, with several major export-oriented mega projects potentially suffering losses, top Russian officials said on Tuesday.

Russia's wartime economy continues to face turmoil as a slump in growth amplified by sky-high interest rates and falling oil revenues takes its toll, according to an analysis. The Vienna Institute for International Economic Studies said after two years ...

Mark Rutte warns allies to start ramping up preparations "for the scale of war our grandparents or great-grandparents endured".

To sustain its war against Ukraine, Russia militarized its economy. Although—contrary to popular belief abroad—the Russian economy is not on a full wartime footing, the Kremlin has both splurged on weapons factories and begun trading more with China to ...