Russian financiers have warned President Vladimir Putin that the cost of the war in Ukraine is reaching levels the economy cannot sustain. This is the most serious sign of discord within the Russian government since the start of the full-scale invasion, Bloomberg reports. According to sources familiar with the situation,…

Russian citizens should consider working 12-hour shifts six days a week as the country's economic crisis deepens, Russian billionaire Oleg Deripaska stated on March 29. AOL reports on proposals to save the population of one-sixth of the world's land. Citing the changed…

Skeptical of Russian data, Western officials judge the Russian economy by looking at Moscow from space. Satellite images tell more about the economy than official data published by Russian officials, writes Business Insider. As Swedish Finance Minister Elisabeth…

Following the downgrade of Russia's sovereign credit rating, Moody's has downgraded the ratings of a number of Russian regions, including Moscow and St. Petersburg, by one notch. The rating action is related to the deterioration of the country's credit rating, according to the agency's website. In total, Moody`s ...