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

We believe that next year Russia will have a significant deficit — nearly $100 billion. We have seen the documents — a month ago, this figure was $71 billion, but we see that their problems have indeed increased,

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 strong enough to allow President Vladimir Putin to achieve his goals.

Due to the need to fund its military budget, Russian business no longer has the resources for development, and entire industries may face collapse in the near future. — Ukrinform.

The USD/RUB exchange rate was trading at 81.05 on Friday, down by almost 30% from its highest point in January. What next for the ruble?

Russia's state-owned railway monopoly Russian Railways plans to reduce management jobs as the company faces lower freight volumes and a broader slowdown in the Russian economy, Interfax news agency reported on Friday,

The European Union adopted its 19th package of Russia sanctions on Thursday, banning Russian liquefied natural gas imports and targeting entities ranging from Chinese refiners and Central Asian banks to a Russian prison medic.