russia economy

Putin growing concerned by Russia’s economy, as Trump mulls more sanctions

by
Putin growing concerned by Russia’s economy, as Trump mulls more sanctions

President Vladimir Putin has grown increasingly concerned about distortions in Russia’s wartime economy, just as Donald Trump pushes for an end to the Ukraine conflict, five sources with knowledge of the situation told Reuters. Russia’s economy, driven by exports of oil, gas and minerals, grew robustly over the past two years despite multiple rounds of … Read more

Russia’s economic defences likely to crumble over time under sanctions onslaught

by
Russia’s economic defences likely to crumble over time under sanctions onslaught

Russia has spent the past seven years building up formidable financial defences, yet in the long run, its economy is unlikely to withstand the onslaught of coordinated sanctions from the West. Europe and the United States are raining down reprisals after President Vladimir Putin sent tanks into Ukraine, adding to sanctions already pledged in response … Read more