Hopes for relief in Russia’s overheated labor market are fading as new data point to persistent worker shortages, continued ...

The labor shortage has driven up wages and fueled inflation, adding strain to an economy already distorted by wartime spending. By the end of 2023, Russia's economy was running so hot that the central ...

Russia could face a labor shortage of nearly 11 million people by 2030, its labor minister said. Birth rates have plummeted, and labor shortages have worsened because of the war in Ukraine.

Moscow is "burning the candle at both ends" by loosening monetary policy to prop up growth and expanding wartime spending, ...

Vasily Astrov, expert on the Russian economy at the Vienna Institute for International Economic Studies, told Newsweek that "inflation has really subsided markedly over the past few months. The ...

Considering Russian President Vladimir Putin was only using the 50-day deadline as an excuse to unleash more destruction on ...

Russia's wartime economy, fueled by surging military spending, has produced an illusion of growth, but the reality is grim.