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Russian President Vladimir Putin in Saint Petersburg, Russia, on April 27, 2026.
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Putin faces rising tensions as Russian economy weakens

by Toby Woodall

The Russian economy is losing momentum as the cost of the war mounts — sowing discord at the highest levels of the state and posing growing problems for President Vladimir Putin. After four years of proudly insisting that Russia could withstand sanctions imposed by the West in response to its full-scale invasion of Ukraine, the Kremlin is now confronting the reality that the war economy that initially spurred growth is increasingly straining the system. Meanwhile, there is a growing sense that

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Ukraine war latest: Another Russian warship in flames as drones strike Baltic Fleet base

Editor's note: Got an opinion on anything you've read in the Kyiv Independent so far? Send it to letters@kyivindependent.com, and it may appear in our Letters section. Key developments on June 3: * Another Russian warship in flames as drones strike Baltic Fleet base * Fire, smoke greet Putin's Economic Forum as Ukraine strikes St. Petersburg oil terminal * NATO chief arrives in Kyiv day after mass Russian strike * Russian weapons plant in flames after Ukrainian attack in Tambov Oblast Ukr

About Russia

The Kyiv Independent’s coverage of news on Russia. Spanning eleven time zones across Eastern Europe and Asia, Russia has an estimated population of 146 million people. Russia’s capital city is Moscow, which is home to almost one in 10 Russians. Russia’s official currency is the Russian Ruble.

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