Economics
A clear-eyed assessment of the Russian economy under the weight of war and sanctions: the pressures building beneath the surface, the cost borne by ordinary people, and the ways the system adapts—and what it all means for Russia's future and for markets far beyond its borders
Russian economy
on the brink of recession
Even the windfall from the Iran war is not enough to save it
Russian Economy's “Unholy Trinity”
Recession, Inflation, Budgetary Crisis
Russia’s Budget Crisis, Explained
And what it means for the war in Ukraine
Crises multiplying behind Putin-China photo-op facade
When the rhetoric of an “unlimited alliance” faces economic reality
What’s Happening to the Russian Economy?
A perfect storm: budget crisis, looming recession, inflation There are no miracles, and Putin’s much-hailed “economic resilience” since the beginning of the full-scale invasion of Ukraine was largely explained by three simple factors: There are no miracles, and Putin’s much-hailed “economic resilience” since…
The evolution of the US–Russia sanctions regime
Structure, composition and ways to improve effectiveness
Record deficits, inflation, recession fears—a moment of reckoning?
Russian Economy and Sanctions Brief—May 2025
Russian Economy and Sanctions Brief—March 2025
Russia's stock market rally at the start of Trump's presidency fueled by hopes for at least partial relief from sanctions have hit hard reality. Russia is now again…
The U.S. Political Factor in Russia’s Economic Future
Economy and Sanctions Brief — February 2025
The Russian Economy and Sanctions Brief—January 2025
More Uncertainty Follows as the Central Bank Yields to Pressure