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Articles on Russian economy

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Replacing ships like the Moskva will be pricey. The flagship of Russia’s Black Sea Fleet recently sank after suffering damage. Russian Defense Ministry Press Service via AP

Russia faces first foreign default since 1918 – here’s how it could complicate Putin’s ability to wage war in Ukraine

Russia is on the verge of defaulting on its foreign debt, which not only could have severe economic consequences but could also complicate Putin’s ability to wage a prolonged war in Ukraine.
Russians in Moscow and elsewhere flocked to ATMs to withdraw cash, fearful that the ruble will plunge further due to Western sanctions. AP Photo/Victor Berzkin

US-EU sanctions will pummel the Russian economy – two experts explain why they are likely to stick and sting

By working with allies, the Biden administration has been able to place severe sanctions on Russia – including targeting Putin’s inner circle and banning banks from SWIFT.
A young man wearing a face mask reading “Against” in Pushkin Square in Moscow to protest the constitutional amendments that extended Russian President Vladimir Putin’s tenure to 2036. (AP Photo/Alexander Zemlianichenko)

Putin’s contentious victory could mean dark days ahead for Russia

A plebiscite to amend the Russian constitution was a way for Vladimir Putin to extend his presidency to 2036. But many questions about the vote could mean trouble for the Russian leader.

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