Russia's economy is not doing well. It dealing with shortages, inflation and huge spending costs. And the US is about to implement much tougher sanctions.

Russia's economy is under pressure from Ukrainian airstrikes, Western sanctions and war losses, but the best indicator of problems in the economy is the decline in business confidence, said Bank of Estonia expert Peeter Luikmel.

Corporations walked away from Russia in historic numbers. Governments loosened sanctions just as the pressure was working.

Add Yahoo as a preferred source to see more of our stories on Google. FILE PHOTO - Russian President Vladimir Putin delivers a speech at the St. Petersburg International Economic Forum in St. Petersburg. (is associated with: «Russia's economic growth has ...

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.

Russia is taking delivery of gasoline from India and Belarus after Ukrainian strikes cut roughly two-fifths of its refining capacity. The country still pumps crude in enormous volumes but can no longer turn enough of it into fuel — and the Indian gasoline was refined from Russian oil to begin with.

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By Ben Aris in Berlin Russia’s deepening fuel crisis is spreading beyond filling-station queues into freight, agriculture, retail and public services, threatening to deliver a fresh inflationary shock as the country enters its peak harvest season.