In July, Russia collected 787.3 billion rubles, or $9.8 billion, from oil and gas revenue — 27% lower than a year ago.

The IMF now expects Russia's economy to grow 0.9% in 2025, down from the 1.5% it had projected in April.

The Russian invasion of Ukraine has had a profoundly negative impact on Ukraine, as well as on the global food, financial, ...

"We also think there's a significant probability of Russia's economy slipping into a technical recession in the coming ...

Russians are likely to face higher taxes as the burden on the budget grows and the Central Bank of Russia says that "the ...

Economy minister Maxim Reshetnikov has also admitted that Russia is "on the brink" of recession, while domestic banks have ...

Ukraine has stepped up drone attacks on Russian oil refineries and exporting infrastructure, striking the most important ...

Sanctions were imposed on Russia’s VTB Bank in February 2022, and it was kicked off the interbank payment system called SWIFT ...

The late Sen. John McCain once called Russia “a gas station with nukes.” Now, because of Ukrainian attacks, it must ration ...

More than three years of war in Ukraine have pushed Russia’s economy into an accelerating decline, with some analysts seeing ...

By Ben Aris in Berlin Russia’s economic problems are getting worse. The economy narrowly avoided a recession in the first ...

As President Trump turns up the economic pressure to push Moscow to reach a cease-fire, WSJ explains how Russia’s economy has ...