After nearly four years of fiscal overreach caused by injecting trillions of rubles into the Russian economy, the Kremlin can ...

MOSCOW, Sept 8 (Reuters) - Russia's economy could contract by less than 4% in 2020, Finance Minister Anton Siluanov said on Tuesday, an improvement on previous assessments and a positive sign for an ...

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 ...

Russia's economy has been dealt yet another devastating blow as its most precious exports are being hammered. The vast country is home to many natural resources, such as oil, natural gas, coal, timber ...

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 ...

MOSCOW, Dec 29 (Reuters) - Russia will scale down its state support of the economy in 2021, eyeing rising costs on servicing burgeoning state debt in the fallout of its response to the COVID-19 ...

The global oil shipping market is experiencing significant upheaval, with crude tanker hiring costs reaching their highest ...

SCOTT BESSENT, America’s treasury secretary, recently used a metaphor to describe the state of play in the Russo-Ukrainian war. “We are in a race,” he said. “How long can the Ukrainian military hold ...

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 ...