The rapid decline of Russia’s reserves is largely due to Western sanctions. These sanctions have cut off Russia from ...

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

Vladimir Putin’s war efforts have hit a humiliating low as some estimates reveal he has lost around 800,000 men in Ukraine ...

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 ...

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

President Joe Biden's administration says it's expanding sanctions against Russia's critically important energy sector over ...

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

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 EU is trying to find ways to ramp up its defense spending to rearm the continent while also putting pressure on Russia to ...

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