The Vienna Institute for International Economic Studies found Russia’s growth has slumped due to sky-high interest rates.

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, ...

Russian fuel exports have approached their lowest level since 2020 following Ukraine's drone strikes against oil refineries in Russia. The strikes have disrupted more than one million barrels a day of ...

MOSCOW (Reuters) -The Kremlin on Wednesday pushed back at U.S. President Donald Trump's warning that the Russian economy was going to collapse, saying that Russia had considerable reserves and was ...

In response, Putin signed a May bailout offering tax pauses, loan relief and tariff cuts, with Energy Minister Sergei ...

Nearly one-third of real estate developers in Russia could soon be facing bankruptcy, in part due to sanctions stemming from Moscow's invasion of Ukraine, according to an assessment by Kyiv. Newsweek ...

Sergey Tsivilyov said this success is part of a large-scale reorientation of the Russian fuel and energy complex toward new markets MOSCOW, September 29. /TASS/. Russian energy supplies to India have ...

The missile, named the Mark 1, was developed last year to shoot down enemy drones at short range and is awaiting its debut on ...