The Australian government is lowering the price cap on Russian oil to USD 47.60 and imposing targeted sanctions on a further ...

Russia’s central bank is cutting its benchmark interest rate by one percentage point to 17%, a step that could support growth ...

A chart in a central bank report showed GDP shrank on a sequential basis in the first and second quarters, meeting the ...

After years of torrid growth, propelled by government spending to fuel the war on Ukraine, Russia’s economy is grinding to a ...

This disagreement exposed the true cost of the war with Ukraine on the Russian economy, and the gap between the Kremlin and ...

Sberbank chief German Gref said Russia could soon face recession if the key interest rate is not cut drastically.

Vladimir Putin acknowledged the progress in inflation slowdown but also raised concerns over slowing economic momentum. He ...

President Putin denied on Friday that Russia's economy was stagnating, despite a report from the central bank that suggests ...

Russia denied responsibility, implying that the drones had simply lost their way; NATO and European officials suggested the ...

Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin addressed a news conference on Friday after ...

Despite claiming to have a ‘no-limits’ partnership, China and Russia maintain a pragmatic and conditional alliance. Driven by ...

Old-fashioned barter is on the rise in Russia's foreign trade for the first time since the 1990s, as companies seeking to ...