Tight monetary policy is making this downturn virtually unavoidable, FIS stressed. Read also: Kremlin falls short of expectations as Russia’s oil and gas revenues plunge Should current trends persist, ...

The Russian economy is rapidly moving toward a recession, a trend acknowledged by analytical bodies close to the Kremlin. — ...

Russia’s ruble has outpaced every major currency against the dollar this year, a rally that caught policymakers off guard and ...

The Russian economy has been dealing with growing headwinds this year: unruly inflation, a ballooning budget deficit and ...

At first Russia downplayed the impact of the sanctions and turned its economy into wartime mode. Sensitive to civilian attitudes towards the war, the government sought to keep the stores full and the ...

MOSCOW (Reuters) -From railways and automobiles to metals, coal, diamonds and cement, some of Russia's biggest industrial companies are putting employees on furlough or cutting staff as the war ...

To sustain its war against Ukraine, Russia militarized its economy. Although—contrary to popular belief abroad—the Russian economy is not on a full wartime footing, the Kremlin has both splurged on ...

After years of insulation from the effects of Vladimir Putin’s war, Russia’s economy is finally starting to take a hit. Political fortunes turn fast. One day in August, US president Donald Trump and ...

The International Monetary Fund lowered its 2025 GDP growth forecast for Russia to 0.6%, while keeping the 2026 estimate unchanged at 1%, according to the Fund’s latest World Economic Outlook report ...

MOSCOW, Dec 2 (Reuters) - The Russian rouble will be stronger than previously expected, which represents a challenge for the economy, with several major export-oriented mega projects potentially ...

Cutting costs, firms aim to trim work days, not jobs Railway, construction, auto and mining sectors affected Move highlights pressure on Russia's war economy Non-military sectors shrank 5.4% since ...