Economy minister Maxim Reshetnikov has also admitted that Russia is "on the brink" of recession, while domestic banks have ...

Economic sanctions and trade restrictions against Russia following its full-scale invasion of Ukraine were set to force Moscow's hand. But the U.S. and Europe continue to rely on Russian imports.

Russians are likely to face higher taxes as the burden on the budget grows and the Central Bank of Russia says that "the ...

Republican insists sanctions could become necessary to punish Kremlin leader for snubbing diplomatic discussions on ending ...

U.S. President Donald Trump said on Tuesday he is prepared to impose economic sanctions against Russia if its president, ...

The attacks disrupted Moscow's oil processing and exports, and created gasoline shortages in some parts of Russia.

President Donald Trump is willing to “crush” Russia's economy with sanctions if Russian President Vladimir Putin refuses to ...

With Russia's economy strained by sanctions and weak oil, investors are betting on a breakthrough deal.

Wholesale prices on the St Petersburg International Mercantile Exchange for A-95 petrol - the highest octane - spiked to ...

The IMF now expects Russia's economy to grow 0.9% in 2025, down from the 1.5% it had projected in April.

U.S. President Donald Trump said Tuesday that Washington and Moscow will enter “an economic war” if the war in Ukraine ...

Trump imposes 25% tariff on India imports over Russian oil purchases, pushing some duties to 50% as retaliation for New Delhi ...