Russia is set to spend 6.3% of its GDP on defense this year — a post-Cold War high.

According to Russian Labor Minister Anton Kotyakov, the country needs to find the equivalent of 2 million workers per year over the next five years if the country’s industries are to fill vacancies left by people who are due to retire.

This obstinacy is leading to a catastrophic loss of global influence, the alienation of key allies, and a looming economic meltdown fueled by a massive fiscal deficit and plummeting oil prices. -With Russian public support for the war dwindling ...

Ret. Lt. Col. Darin Gaub discusses Russia's latest attacks against Ukraine and a potential third round of peace talks on 'Fox Report.'

The latest talks could be an early litmus test on how seriously Moscow perceives President Trump's threats to impose sanctions — and how Russia might respond.

The latest Bank of Russia Financial Stability Review said the corporate sector has faced slight decline due to "serious delinquencies seriously increasing" among small businesses. They added that consumers are falling behind on payments.

How much will the Russian economy grow? Western sanctions had a negative short-term impact on the Russian economy. According to the World Bank, it fell by 2.1% in 2022.

U.S.-led sanctions on Russia aimed to isolate it from the world economy included freezing $300 billion in central bank assets and trying to target its main exports of oil and gas.

The Russian government has been forced to allocate 2.96billion rubles (£28million) to support the country's shipbuilding industry in the face of a worsening economic picture. The pot of cash is to compensate for part of the costs of previously raised loans for the leasing and purchase of civilian vessels,

Russia’s economic output duly contracted by 2.1% last year, according to a preliminary estimate from the government. But the hit was more limited than forecasters initially expected.

What’s holding Russia’s economy back? This video breaks down the economic, political, and social factors that have left the world’s largest country with one of the weakest economies.