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 ...

Falling oil and gas prices are exacerbating a budget deficit that is threatening to spiral out of control, as the economy ...

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

Moscow is preparing to raise taxes and cut spending as it tries to maintain high defence expenditure with Russia's economy ...

US President Donald Trump's punitive 50 per cent tariffs on imports from India were meant to get an "aggressive economic ...

Military production and defense spending are propping up Russia's economy and may shape its future long after the war in ...

By imposing a 25 per penalty over Russian oil purchase, Trump has announced a total of 50 per cent tariff on Indian products, ...

A dramatic rise in Ukrainian attacks on Russian oil refineries has sent gasoline prices in Russia to record highs, despite ...

Vance expressed optimism that the U.S. could still broker peace between Russia and Ukraine, citing “significant concessions ...

Vance remained confident the US can broker an end to the war between Russia and Ukraine despite potential hang-ups that have ...