Russia’s regional finances are deteriorating rapidly as the costs of the war in Ukraine continue to mount. New figures show local governments across the country facing record deficits amid weakening ...

The Russian ruble continued its recent downtrend against the US dollar, even as the country became a major beneficiary to the ...

Even as the US‑Israeli war on Iran has handed Russia an economic windfall, any gains will be limited, as the problems facing the Russian economy and its war effort are too deep to be resolved by a ...

Roughly 18% of respondents report receiving such requests regularly. Of those offered cash payments, one-third were promised discounts or other incentives. Cash requests are most common at small ...

Vessel with 730,000 barrels of crude set to reach Cuba on 23 March, according to maritime data, after Donald Trump said he expects to have ‘honour of taking’ country ...

Russia's crucial oil and gas revenues, which have sustained its war against Ukraine, have suddenly dwindled to multi-year lows as the fourth anniversary of the full-scale invasion approaches. This ...

Four years of war have discouraged Ukrainian and Russian women from having children, and that could impact their economies in the future.

In an increasingly struggle for Russia's influence in Africa, including political, economic and humanitarian spheres, Foreign Minister ...

Why would the West underwrite the very system it has spent four years trying to contain? Yet that’s exactly what Russia has ...

The Russian economy is stuck in what might be described as negative equilibrium: holding itself together while steadily destroying its own future capacity. Export revenues are falling, and economic ...

MOSCOW, February 3. /TASS/. The national economy should be made more efficient on account of creating modern and well-paid jobs, Russian President Vladimir Putin said when opening the first meeting on ...

Despite claims of battlefield momentum in Ukraine, the data shows that Russia is paying an extraordinary price for minimal gains and is in decline as a major power. Since February 2022, Russian forces ...