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

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

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

"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 Kremlin's export ban on petrol has failed to contain shortages, with queues now stretching for miles as motorists wait ...

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

President Donald Trump is willing to “crush” Russia's economy with sanctions if Russian President Vladimir Putin refuses to ...

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

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

The economy shrank 2.1% last year, Russia’s statistics agency said. The International Monetary Fund predicts 0.3% growth this year — not great, but hardly disastrous.

Russian Economy Contracts Sharply as War and Sanctions Take Hold The country’s gross domestic product from April through June declined 4 percent from a year earlier, new government data shows.