After years of insulation from the effects of Vladimir Putin’s war, Russia’s economy is finally starting to take a hit.

Russia's economy could contract by less than 4% in 2020, Finance Minister Anton Siluanov said on Tuesday, an improvement on previous assessments and a positive sign for an economy bruised by low oil ...

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

Russia will scale down its state support of the economy in 2021, eyeing rising costs on servicing burgeoning state debt in the fallout of its response to the COVID-19 pandemic and the collapse of oil ...

A Ukrainian drone campaign has knocked out 17% of Russia’s refining capacity, fueling shortages and price spikes across the country. Massive defense spending, making up 41% of the 2025 budget, has ...

The US has imposed sanctions on Russia's largest oil companies, Rosneft and Lukoil, in response to Russia's ongoing war in ...

Russia’s central bank cut its benchmark interest rate Friday by one percentage point to 17%, a step that could support the economy as growth slows and spending on the war against Ukraine increases the ...