Russia's War Economy Shows New Cracks After the Ruble Plunges.

The article discusses the recent economic challenges facing Russia, including a sharp decline in the ruble's value, soaring inflation, and increased sanctions on financial institutions. President Putin reassured the public that there is no need to panic, despite the economic strains. The Biden administration's decision to target Gazprombank, a key financial link for Russia, has further exacerbated the situation, leading to concerns about potential recession in 2026. The article highlights the impact of these economic developments on ordinary Russians and the broader implications for Russia's economy and trade relationships. [Extracted from the article]