Economic and military pressures could force Russia’s hand. Its economy is strained but not enough to do that, analysts say. And President Vladimir V. Putin says Russia is winning the war.

Russia’s leading defence firms recorded strong revenue growth in 2024, driven by surging domestic demand for weapons to sustain the war in Ukraine, even as Western sanctions and falling arms exports weighed on international sales,

Rising pressures Over the past year, the Central Bank of Russia implemented steep interest-rate hikes to combat accelerating inflation, pushing the key rate up to 21% before easing it to 16.5% in November.

As the White House tries to curb Moscow's energy income, Vladimir Putin enjoys a warm welcome in India, and promises an "uninterrupted supply" of Russian fuel.

Credit Bank of Moscow is the sixth largest in Russia by asset size with 5.45 trillion rubles, but is facing a fight to survive.

The probability of changing educational class was 52-53% in China compared to 45-46% in Russia, but roughly 68-81% of China's mobility and 57-68% of Russia's came from structural change rather than exchange mobility. At the steady state, Russia shows greater educational mobility, at about 42%, than China, which tracked at 19-27%.

The Russian central bank is seen cutting its key interest rate by 50 basis points at a meeting on December 19 as inflation is slowing faster than expected, a Reuters poll of 15 analysts showed on Wednesday.