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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 ...
The Trump administration has been highly critical of India for its procurement of discounted crude oil from Russia in recent ...
Russians are likely to face higher taxes as the burden on the budget grows and the Central Bank of Russia says that "the ...
The Russian invasion of Ukraine has had a profoundly negative impact on Ukraine, as well as on the global food, financial, ...
US President Donald Trump's punitive 50 per cent tariffs on imports from India were meant to get an "aggressive economic ...
Moscow is preparing to raise taxes and cut spending as it tries to maintain high defence expenditure with Russia's economy ...
In July, Russia collected 787.3 billion rubles, or $9.8 billion, from oil and gas revenue — 27% lower than a year ago.
Russia's military industry is likely to expand even after the Ukraine war ends, wrote a think tank. Military spending is driving Russia's economy, sustaining it despite Western sanctions.
More than three years of war in Ukraine have pushed Russia’s economy into an accelerating decline, with some analysts seeing ...