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 ...

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

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 ...

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

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

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.

Russia's war machine has become such an integral part of its economic engine that its military industry is likely to keep expanding even after the fighting in Ukraine ends, according to a report ...

The Trump administration has been highly critical of India for its procurement of discounted crude oil from Russia in recent ...

As a result of the ongoing wealth destruction, the adverse effects of the war on Russia’s economy are becoming increasingly ...