Russia may have spent $1.3 billion on an aerial attack as inflation continues to soar in the country on the back of huge state defense spending

Tech Insider
Large-scale damage caused to buildings and cars is seen in the aftermath of a Russian missile strike on a residential area in Sumy, Ukraine.
The aftermath of a strike on Sumy, Ukraine.

Libkos/ Getty Images

Russia's economic growth is masking a looming 'economic catastrophe,' researchers say

Tech Insider : Economy
Russia Putin Shoigu Yevmenov Navy Day
Russia's private sector is deteriorating while the nation pours money into its military and defense, the researchers said.

ALEXANDER KAZAKOV/POOL/AFP via Getty Images

Invading Ukraine is making Russia rich

Tech Insider : Politics, Economy

Since launching its war on Ukraine, Russia has seen a boost in its GDP large enough that the World Bank reclassified Russia from an upper-middle-income to a high-income country.

Putin's war fired up Russia's economy and beat sanctions — but big problems lie ahead

Tech Insider : Economy, Economy
Putin
Vladimir Putin just got reelected as Russia's president in a win that surprised no one.

Maxim Shemetov/Reuters

Putin runs the Russian economy in the same heavy-handed way he navigates his yacht, researcher says

Tech Insider : Economy
Vladimir Putin yacht
Russian President Vladimir Putin looks on during a boat trip with his Belarusian counterpart Alexander Lukashenko off the Black Sea coast, Russia May 29, 2021

Sputnik/Sergei Ilyin/Kremlin via REUTERS

America's 'free lunch' attitude about its debt will be forced to change as interest rates remain higher for the next decade, Harvard economist says

Tech Insider : Economy
Kenneth Rogoff
Kenneth Rogoff

AP Photo/Ron Thomas

House Democrat defends voting for bill that would slash Defense Secretary's salary to just $1: 'I'm not particularly concerned about him'

Tech Insider : Politics
Democratic Rep. Jared Golden of Maine and Defense Secretary Lloyd Austin.
Democratic Rep. Jared Golden of Maine and Defense Secretary Lloyd Austin.

Tom Williams/CQ Roll Call via Getty Images; Sarah Silbiger/Getty Images

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