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Economy minister Maxim Reshetnikov has also admitted that Russia is "on the brink" of recession, while domestic banks have ...
More than three years of war in Ukraine have pushed Russia’s economy into an accelerating decline, with some analysts seeing ...
Russians are likely to face higher taxes as the burden on the budget grows and the Central Bank of Russia says that "the ...
"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 ...
With Russia's economy strained by sanctions and weak oil, investors are betting on a breakthrough deal.
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.
As a result of the ongoing wealth destruction, the adverse effects of the war on Russia’s economy are becoming increasingly ...
The Russian invasion of Ukraine has had a profoundly negative impact on Ukraine, as well as on the global food, financial, ...
In July, Russia collected 787.3 billion rubles, or $9.8 billion, from oil and gas revenue — 27% lower than a year ago.
Falling oil and gas prices are exacerbating a budget deficit that is threatening to spiral out of control, as the economy ...