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  1. The Russian economy is finally stagnating. What does it mean ...

    Feb 7, 2026 · The Russian economy is finally stagnating. What does it mean for the war – and for Putin? A wartime boom in Russia has given way to sluggish growth, tax hikes and squeezed public …

  2. How Russia Put Its Future at Risk by Remaking Its Economy for War

    13 hours ago · Even before the war, talk of economic stagnation clouded Russia’s long-term prospects. Its economy, dominated by natural resource extraction, had been slow to diversify.

  3. The (projected) cost of Russian aggression | CEPR

    Jul 27, 2025 · This column analyses the economic effects for Ukraine, Russia, as well as spillovers on other countries, using professional forecast data from 29 nations. Forecasters predicted that the war

  4. How Oil Reveals The Cracks In Russia’s War Economy - Forbes

    Nov 25, 2025 · After nearly four years of fiscal overreach caused by injecting trillions of rubles into the Russian economy, the Kremlin can no longer disguise its distress.

  5. Russia’s war economy is not collapsing, but neither is it stable

    Dec 17, 2025 · Russias wartime economy is getting weaker as the war in Ukraine approaches its fourth anniversary, according to a recent report by PeaceRep, a research group led by the University …

  6. Analysis Finds Russia Likely in Recession Amid Ongoing War Costs

    Dec 2, 2025 · A new PeaceRep report by LSE IDEAS finds that Russias economy has likely contracted since 2022, with hidden inflation, shrinking revenues, sanctions, and rising inequality …

  7. The Cracks in Russia’s War Economy - Foreign Affairs

    Oct 20, 2025 · To sustain its war against Ukraine, Russia militarized its economy. Although—contrary to popular belief abroad—the Russian economy is not on a full wartime footing, the Kremlin has …