A bitter and bloody war in Ukraine has devastated the country, further isolated Russia from the West and fueled economic insecurity around the world. The barrage appeared to be one of the largest ...
Currently Russia is operating a wartime economy which puts about 20 percent of its national budget into defense. The normal rate is a few percent. That high rate of defense spending has made it ...
Russia's economy is likely entering a year of pain in 2025. Since launching its full-scale invasion of Ukraine in February 2022, the Kremlin has restructured its economy to prioritize its war ...