After the Soviet Union dissolved in December 1991, Russia’s transition to a market economy plunged millions into poverty. The ...

"Putin will try, of course, as much as he can, to finance the war indefinitely, taking money from the civilian economy and ...

You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Follow Huileng Tan Every time Huileng publishes a story, you’ll get an alert straight to your inbox!

To sustain its war against Ukraine, Russia militarized its economy. Although—contrary to popular belief abroad—the Russian economy is not on a full wartime footing, the Kremlin has both splurged on ...

Cutting costs, firms aim to trim work days, not jobs Railway, construction, auto and mining sectors affected Move highlights pressure on Russia's war economy Non-military sectors shrank 5.4% since ...