The Russian economy has been dealing with growing headwinds this year: unruly inflation, a ballooning budget deficit and ...

Since early December, the Russian ruble has continued to strengthen against global currencies: on Dec. 7, it reached a value ...

Russia saw a surge in consumer spending after its 2022 invasion of Ukraine, even as sweeping sanctions hit the economy.

Russia’s war economy is not collapsing, but neither is it stable. It survives by pushing strain into the future – into labour ...

Russia faces a fuel crisis, with gasoline prices rising over 30 percent due to Ukrainian drone strikes on refineries. The economy is slowing, with GDP contracting and inflation nearing 10 percent, ...

On Thursday, Russian President Vladimir Putin held a televised event to discuss the current state of the Russian economy. During his speech, the Russian leader dismissed international reports that ...

A Ukrainian drone campaign has knocked out 17% of Russia’s refining capacity, fueling shortages and price spikes across the country. Massive defense spending, making up 41% of the 2025 budget, has ...

To sustain its war against Ukraine, Russia militarized its economy. Although—contrary to popular belief abroad—the Russian economy is not on a full wartime footing, the Kremlin has both splurged on ...

Russia’s central bank cut its benchmark interest rate Friday by one percentage point to 17%, a step that could support the economy as growth slows and spending on the war against Ukraine increases the ...

MOSCOW (Reuters) -From railways and automobiles to metals, coal, diamonds and cement, some of Russia's biggest industrial companies are putting employees on furlough or cutting staff as the war ...