Russian minister Maxim Reshetnikov has warned that the country's economy was teetering "on the brink of recession".

Kremlin attempts to 'disguise and dismiss' the effects of sanctions, but in reality they are starting to bite hard ...

In June, Russia's manufacturing Purchasing Managers' Index sank to 47.5 — its sharpest pace of contraction since March 2022, according to S&P Global.

Russia's defense spending has hit record highs, but it's struggling with military modernization. Sanctions and war demands ...

FILE - Russian President Vladimir Putin gestures while speaking at a news conference following a meeting of the State Council at the Kremlin in Moscow, Russia on Dec. 22, 2022. Russia's economy ...

Russia has weathered sweeping economic sanctions over the Ukraine war better than many expected, but the months ahead could pose a tougher test. Russia's economy holds up, but challenges lie ahead ...

A Russian newspaper said that the First Lady was a "danger" to Moscow and suggested that her husband, President Donald Trump, ...

Factbox-Five Key Challenges for the Russian Economy in 2025. More. Reuters. FILE PHOTO: A general view of the city skyline at night in Moscow, Russia, September 17, 2024.

Russia's economy is facing significant challenges due to the ongoing war in Ukraine, with soaring inflation, rising interest rates, and a looming economic slowdown.

Despite this, increased wartime activities have meant the Russian economy grew by 3.6% last year. However, the CEO of Russia's largest bank, Sberbank, has now said that this growth is a sign of an ...

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The warring sides remain far apart after the third round of U.S.-brokered peace negotiations on Wednesday. But there was ...