Russia's economy continues to reel as energy revenue and the ruble weaken

Tech Insider
Russian President Vladimir Putin
Russian President Vladimir Putin.

Mikhail Klimentyev/AP

Russia's economy is becoming more 'primitive' and war could push it to the same fate as the Soviet Union, says economist targeted by Moscow

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Putin rides a train
Russian President Vladimir Putin rides a suburban train in Moscow, Russia, in November 2019.

Alexei Druzhinin, Sputnik, Kremlin Pool Photo via AP)

Russia says it slashed oil production by 700,000 barrels a day in March, far more than originally planned

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Crude stock

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A $200 Russian smartphone aiming to replace the iPhone isn't getting much love — fewer than 1,000 units have been sold since its debut

Tech Insider : Politics
A woman takes pictures with a smartphone standing on the pedestrian Patriarchal Bridge over the Moskva river, with the Kremlin seen in the background, in central Moscow on March 21, 2023, ahead of a meeting of Russian President and his Chinese counterpart.
A $200 Russian smartphone aiming to replace the iPhone isn't getting much love — fewer than 1,000 units have been sold since its debut.

Natalia Kolesnikova/AFP/Getty Images

Russia is undergoing 'reverse industrialization' as limited resources force a retreat from high tech industries, Finland's central bank says

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Russia currency sanctions economy
Russia's economy has been hit hard by sanctions, which are complicating the government's efforts to pay its debts.

ALEXANDER NEMENOV/Getty Images

Russia is so cut off from the international financial system that the Kremlin thinks Western sanctions have 'insured' the country against the banking crisis

Tech Insider
Vladimir Putin smiles.
Russian President Vladimir Putin.

Sasha Mordovets/Getty Images

Dozens of sanctioned superyachts seized from Russian oligarchs still hang in limbo, racking up millions in maintenance

Tech Insider : Politics
The yacht
Dozens of superyachts have been seized by US and European authorities since Russia invaded Ukraine.

ANDREA BERNARDI/AFP via Getty Images.

Russia's oil and gas revenue reportedly tanked in February as price caps and sanctions ate into export earnings

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Russian President Vladimir Putin speeches during the Council of Lawmakers at the Tauride Palace, April 27, 2022 in Saint Petersburg, Russia
Vladimir Putin.

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The West hits Russia with fresh sanctions and raises tariffs on key commodities a year after the invasion of Ukraine

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russia ukraine
A Russian armored personnel carrier is driven on a street in Sevastopol, Ukraine’s Black Sea Port that hosts a major Russian navy base Tuesday, Feb. 25, 2014. Tensions were building up in the Crimea, where ethnic Russians who make the majority of the local population are deeply suspicious of the new Ukrainian authorities who replaced fugitive Russia-backed President Viktor Yanukovych.

AP Photo/Andrew Lubimov

Russia says its economy did better than expected, one year into the Ukraine war. But experts say there's a red flag behind the announcement.

Tech Insider : Economy
Vladimir Putin smiles.
According to Russia's federal statistics service, the country's GDP contracted by 2.1% in 2022, better than previous estimates.

Sasha Mordovets/Getty Images

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