russian economy

Despite unprecedented sanctions, Russia's economy is still functioning and it's still attacking Ukraine. That's led to questions about whether the sanctions are effective.

The clock ran out on Russia's payments. But there's a twist: Russia does not consider itself in default because the country has the money, just its payments have been blocked by Western sanctions.

Kastoria survived Greece's economic crisis primarily because of high Russian demand for the fur coats it produces. Then the Russian economy tanked. Now Kastoria is in trouble.

For the past decade, wealthy Russians have flocked to the fabled slopes in the French Alps. But the drop in the ruble is now keeping them away, and the region's economy is starting to feel the effect.

The Russian economy took a big hit in 2014. The U.S. and other countries imposed economic sanctions after Russia annexed Crimea, but it was falling oil prices that really hurt the country.