The Bank of Russia has room for a deeper cut to its key interest rate amid slowing inflation and growing pressure from ...

The crisis has led to a 28-fold decline in the company's net profit for 2024, and Kamaz shareholders will receive no ...

The Russian economy is being dealt blow after blow, as vehicles have become unaffordable for many residents and China is ...

Russia’s sanctions-defying economy ... that the risk of a protracted systemic banking crisis in 2026 was “moderate” and growing. The economic woes increase pressure on the Kremlin by shortening the ...

Russian truckmaker Kamaz said on Friday it would reduce production and shorten its working week to combat a crisis in ...

Business Economic woes mount for Russia’s war machine. Inflation, exorbitant borrowing costs, bankruptcy risks and a growth slowdown: the Russian economy is facing a slew of negative headlines.

Russia's economy is going from bad to worse as Western sanctions hammer the country's key sectors. ... The country's economic woes have multiplied since its invasion of Ukraine early last year.

Prices that high make the economic environment extremely uncertain for businesses in the nation, Putin said, per Reuters. That's a rare admission from Putin of Russia's current economic woes.

The economic woes add to Russian President Vladimir Putin's case for talks with U.S. President Donald Trump on ending the war in Ukraine. Trump said on Jan. 21 that Putin was "destroying Russia ...

In a speech at an economic forum, he called the U.S. a fading power and said sanctions on Russia, not the Ukraine war, are hurting Western economies.

The year Mr. Putin annexed Crimea, 2014, his approval ratings at home soared even as European countries, the United States and others responded with sanctions that threatened Russia’s economy.

Robin BJALON Dec 18, 2024 Dec 18, 2024Updated Dec 19, 2024 Russia's economy is suffering from inflation, high borrowing costs and growing numbers of bankruptcies which many analysts blamed on the ...