The push for tax collection comes as Russia's growth has slowed to a near standstill nearly four years after its full-scale invasion of Ukraine.

After showing strong resilience until second half of 2024, Russia’s sanction-hit economy entered an overheating phase last year, followed by a period of cooling - Anadolu Ajansı

Russia’s ruble has outpaced every major currency against the dollar this year, a rally that caught policymakers off guard and threatens to undermine the nation’s wartime economy.

Kremlin leader Vladimir Putin will be forced to enter peace negotiations due to the further exhaustion of the Russian economy. — Ukrinform.

US President Donald Trump said he supports a new package of sanctions against Russia over its war in Ukraine but hopes the measures will not have to be used. "I support it," Trump told US broadcaster Fox News in an interview published on Thursday,

Nearly four years of war in Ukraine have devastated the Russian civilian economy. This year, 75 percent of Russia’s regions report serious budget deficits and more enterprises are becoming unprofitable.

Just last month, the EU committed to a total ban on importing Russian LNG by 2027, in an attempt to strip reliance on Russian resources and damage its oil industry, the lifeblood of its wartime economy as it continues waging a drawn out war of attrition in Ukraine, despite peace efforts.

Is Russia's economy really on the verge of collapse? Despite what some Western leaders suggest, the numbers tell a very different story. While Russia is running a growing deficit and dealing with inflation,

Consider the curious case of the Bella One. Yesterday, after an 18-day pursuit evocative of a sea version of “Smokey and the Bandit,” the U.S. Coast Guard and Navy seized the rusting oil tanker in the North Atlantic that had fled the U.S. naval blockade of Venezuela.

Ukraine’s third-largest city plays an outsize role in Ukraine’s export-oriented economy, which depends on cheap routes to market. Before the war, Odessa’s three deep-sea ports handled roughly 60% of all exports.

In U.S. dollar terms, that “cost” is a staggering $11.9 billion hit to the Russian economy. To put that into perspective, Venezuela is second-placed, taking a much more modest $1.91 billion hit to its already ravaged economy.