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The Latest Breaking News from Elina Ribakova

Russia’s economy boomed after the invasion of Ukraine—it’s now running out of steam

Record-low unemployment and ultra-hot inflation have put Russia “on the brink” of a recession, its economy minister said.

Fortune

Trump and Putin hint at US-Russia trade revival, but business environment remains hostile

Would U.S. companies go back to Russia if there’s a peace deal over Ukraine

The Independent UK

Russia's adaptability to US sanctions stymied their effectiveness, economists say

Two researchers write in a new paper that Russia was able to brace for the financial penalties imposed after its invasion of Ukraine because of the lessons learned from sanctions imposed in 2014 after it invaded Crimea

The Independent UK

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‘Russia needs China more’: Are Putin and Xi in a marriage of convenience?

While Russia and China have drawn close in the face of Western sanctions, both have other acts to balance.

Al Jazeera

Analysis: Russia's military production, state splurge ease sanctions pain

Rising military production and huge state spending are keeping Russia's industry buzzing along, an analysis of recent data shows, helping soften the economic impact of Western sanctions and allowing Moscow to plough on with its campaign in Ukraine.

Reuters

Janet Yellen visits Ukraine and pledges even more U.S. economic aid

Treasury Secretary Janet Yellen made a surprise visit to Ukraine and announced $1.25 billion in economic aid as the country's war with Russia goes into its second year.

WEKU

Russia's economy is still working but sanctions are starting to have an effect

Despite unprecedented sanctions, Russia's economy is still functioning and it's still attacking Ukraine. That's led to questions about whether the sanctions are effective.

WEKU

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India and China undercut Russia’s oil sanctions pain

Customs data suggest demand from Beijing and New Delhi is largely offsetting loss of sales to Europe

Financial Times

Looking to deepen pain for Putin, West studying oil and gas

The United States unleashed some of its toughest actions against Russian President Vladimir Putin right after he rolled his troops into Ukraine

The Independent UK

‘We’re going back to a USSR’: long queues return for Russian shoppers as sanctions bite

After an hour and a half queuing for sugar, or worse still fighting for it in a market, Russians are feeling the effect of shortages caused by an unprecedented cutoff from the world

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