Inflation in Russia accelerated in 2024, official statistics published Wednesday showed, as the costs of Moscow's full-scale offensive on Ukraine weigh on the domestic economy.

About half of Russia's military budget is off the books, according to Craig Kennedy, a former Morgan Stanley investment ...

The Russian economy has been financing a full-scale war against Ukraine for three years. Military spending has spun up the ...

Oil and gas revenue is expected to account for around 27% of Russia's federal revenue in 2025, according to a draft budget ...

The U.S. Treasury imposed sanctions on Gazprom Neft and Surgutneftegas, which explore for, produce and sell oil as well as ...

Two Russian energy giants are set to be sanctioned by the UK and US as the west piles more pressure on Vladimir Putin’s ...

Russia will facilitate Vietnam’s participation in the BRICS bloc of developing economies as a “partner country.” ...

Russia’s economy is expected to cool down in 2025 after leaving a year fighting inflation behind. The Russian economy is estimated to have wrapped up 2024 with a 3.9% growth, according to data ...

The reality is that the financial underpinnings of Russia’s war economy increasingly look like a house of cards — so much so that senior members of the governing elite are publicly expressing concern.

The plunging Russian currency, the ruble, has added to inflationary pressures in Russia, British officials have said, as the ...

Trump has an opportunity to emulate President Ronald Reagan who won the Cold War by breaking the Russian economy. The Russian ...

Russia's military on Tuesday said it would retaliate against Ukraine after Kyiv attacked Russian regions by firing six ...