
Despite Russia’s claims, sanctions are working — Ukraine just needs Trump to impose more
Ukraine’s allies have imposed sweeping sanctions on Russia and its supporters over the full-scale war, but experts say there’s room for more.
Ukraine’s allies have imposed sweeping sanctions on Russia and its supporters over the full-scale war, but experts say there’s room for more.
"We should strangle them. I agree completely. I'm speaking without any shame, because they're trying to strangle us," Russian President Vladimir Putin said.
A document seen by Reuters reveals that firms such as Rusal and Gazpromneft intend to reduce the volumes they plan to move by rail in 2025, prompting Russian Railways to slash spending by an additional 32.5 billion rubles ($408 million).
The Russian government is slashing budgets for major projects across a number of sectors amid an economic downturn and oil price collapse, the pro-Kremlin news outlet Kommersant reported.
Russia's economy is experiencing a sharp slowdown in growth, according to a report released by the governmental statistics agency Rosstat on May 16. GDP only grew by 1.4% in the first quarter of 2025 – a notable decline from 4.5% growth in the previous quarter and 5.4% in the same period last year.
"Contrary to Kremlin narratives, time is not on Russia’s side," reads a new report from the Stockholm Institute of Transition Economics (SITE).
The deepening labor shortage reflects growing strain on Russia's workforce as the Kremlin aggressively recruits men for its war against Ukraine.
The move represents an apparent violation of United Nations Security Council resolutions passed in the wake of North Korea's intercontinental ballistic missile (ICBM) tests.
Maxim Sokolov, the chief executive of Russia's largest state-owned car manufacturing company, said that AvtoVaz itself is expecting a 33% year-on-year drop in Lada car sales in April.
According to Bloomberg's calculations, the ruble has appreciated by 38% against the dollar in the over-the-counter market since the start of the year, outpacing gold's 23% rise.
In the first quarter of 2025, developers launched just 8.1 million square meters (around 87.19 million square feet) of new housing projects — down 24% from the same period last year.
"Rare earth metals are an important area for cooperation, and, of course, we have begun discussions about various rare earth metals and projects in Russia," said Kirill Dmitriev, head of the Russian Direct Investment Fund.
Russian businesses have significantly scaled back their recruitment efforts in early 2025, with job openings falling 15% compared to the same period last year, pro-state Russian outlet Izvestia reported on March 24, citing data from employment service hh.ru.
As of January, Raiffeisen Capital held around 31.7 billion rubles ($365 million) in sanctioned entities, such as the Sberbank bank or the state-owned energy giant Gazprom, the report said, citing financial documents.
The Russian government has allowed several companies to abandon the modernization of over a dozen power plants across the country, the Russian news agency Interfax reported.
In 2024, Russia’s total defense expenditures surged by 42% in real terms, reaching 13.1 trillion rubles. When adjusted for purchasing power parity—which accounts for differences in what money can buy in different countries—this amounts to $462 billion.
The commission resumed work in December 2024, focusing on nine key sectors and over 2,000 enterprises, Russian Deputy Prime Minister Alexander Novak said.
The move represents an apparent violation of U.N. resolutions prohibiting North Korea from sending its citizens to work overseas, which the Security Council passed after Pyongyang's intercontinental ballistic missile tests.
Speaking at a televised meeting with Prime Minister Mikhail Mishustin on Feb. 7, Putin noted that consumer prices in Russia rose by 9.5% in 2024 and have climbed further to 9.9% year-on-year this month.
Goldman Sachs has entered into a binding agreement to offload its Russian subsidiary, making it one of the few Western banks to exit the country entirely, Bloomberg reported.
Just one week into his presidency, U.S. President Donald Trump has hinted at his approach to U.S. sanctions on Russia. On Truth Social last week, he called on Russian President Vladimir Putin to “settle now and STOP this ridiculous War! IT’S ONLY GOING TO GET WORSE,” adding,
Few agreements are shrouded in more secrecy than inter-government arms deals — especially when one of the parties is a global pariah leading a bloody war. But a recent massive leak of emails and documents has given us an unprecedented glimpse into a particularly secretive transaction. The leak reveals that Saudi
The Kyiv Independent sat down with Timothy Ash, an associate fellow in the Russia and Eurasia program at Chatham House, to discuss Russia's current economic situation.
Ukraine has targeted Russia's fossil fuel infrastructure as part of its strategy to undermine a key funding source for Russia's war effort.
Russian President Vladimir Putin frequently boasts about the strength of his country’s economy, claiming that Western sanctions only made it stronger (while in the same breath demanding that they be lifted). In fact, “stagflation” — inflation combined with minimal growth — is coming to Russia. His war on Ukraine has caused
The phase-out of LNG could be enacted as a sanction or part of a road map presented by the European Commission next month. Restrictions on aluminum would be gradual, with a time frame yet to be determined, officials said.
Local residents said a fire broke out at the distillery, which is located near a military training ground in the village of Novaya Lyada.
The Telegram channel Vechernya Kazan claimed that the strike hit a liquified gas storage area, setting gas tanks on fire. Russian authorities confirmed that a fire broke out in the city as a result of the drone strike but claimed that it resulted in no significant damage.
President Volodymyr Zelensky signed a decree on Jan. 13 imposing new sanctions on the Russian financial sector. The sanctions target 140 distinct entities.
The Bryansk chemical plant produces gunpowder and explosives and is a key enterprise of the Russian military, according to Andrii Kovalenko, head of Ukraine's counter-disinformation center.
Afghanistan became the largest importer of Russian flour in 2024, Russia's state agricultural export agency Agroexport reported on Jan. 10.
Citing ten Russian officials, Meduza said the state of the country's economy was a particular "point of tension."