Europeans announce fresh sanctions on Russian economy, trade in latest push to end Ukraine war

It’s time to turn off the tap. I now call on member states to quickly endorse these new sanctions. We want Russia to leave the battlefield and come to the negotiation table, and this is the way ... Read More

Russia cuts interest rate to 17% as strains show in wartime economy

Russia’s central bank is cutting its benchmark interest rate by one percentage point to 17%, a step that could support growth and business activity as the economy slows and the government budget defic ... Read More

Russia’s central bank reveals GDP is shrinking, in a sign Putin’s war economy has slipped into recession

A chart in a central bank report showed GDP shrank on a sequential basis in the first and second quarters, meeting the definition of a technical recession. Read More

Russia’s Wartime Economy Creaks Under Inflation and Fuel Shortages

Russia’s war-driven economy is slowing sharply as fuel shortages, soaring inflation, and heavy defense spending push the country toward stagnation and a potential recession. Read More

Russia’s Economy Is Getting Crushed By Sanctions and Ukraine War Costs

Russia Could Be Headed for Recession Russia could be teetering on the edge of a recession as it straddles the double-edged sword of sanctions and a growing war budget. German Gref, Sberbank’s veteran ... Read More

Putin's clash with Russia's top banker shows increasing disconnect over war economy, experts say

A recent clash between Russian President Vladimir Putin and Sberbank CEO German Gref shows an increasing disconnect between the Kremlin and Russia's economic community, experts say. Gref, head of ... Read More

Russia’s Economy Is Collapsing — Here’s What No One’s Telling You

Is Russia’s Economy on the Brink of Collapse? A shocking new report reveals how over three years of war, crushing sanctions, and a massive labor shortage have pushed Russia’s economy toward what ... Read More

Russia’s Largest Bank ‘Rings the Alarm Bells’ on Economy

Key Points and Summary - Russia's economy is in "technical stagnation," according to the CEO of its largest bank, with growth near zero. -The country is being battered by a perfect storm of high ... Read More

Russia’s War Economy Is Stalling — Is Recession Next?

Russia’s economy is losing momentum fast. After months of wartime spending driving artificial growth, inflation is rising, industrial output is stalling, and consumer spending is cooling. In this ... Read More

Trump demands NATO action on Russian oil before any U.S. sanctions

President Donald Trump on Saturday said that he would impose major additional U.S. sanctions on Russia only after all NATO countries increased pressure on Russian President Vladimir Putin by halting ... Read More