Russia’s economy slows sharply as deficit widens and costs mount

Russia’s central bank cut its benchmark interest rate by one percentage point to 17% on Friday, seeking to support the economy as growth slows and war costs widen the deficit. The step reverses part ... 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 ... Read More

Economic crisis hits Russia: Mass job cuts reported by foreign intel

This fall, one in ten companies in Russia plans to reduce staff. Businesses are forced to cut costs due to falling demand, higher taxes, and more expensive loans, according to the Foreign Intelligence ... Read More

Putin Says Economy Not Stagnating, Backs Bank of Russia on Rates

President Vladimir Putin rejected a top banker’s warning that Russia’s economy is showing signs of stagnating, as he backed the central bank’s efforts to curb inflation by hiking interest rates to ... Read More

Russia's Putin Denies Economy Is Stagnating, as Evidence Suggests Otherwise

VLADIVOSTOK, Russia (Reuters) -President Vladimir Putin denied on Friday that Russia's economy was stagnating, despite a report from the central bank that suggests it is technically in recession. In a ... Read More

Kremlin shrugs off EU plans to speed up phase-out of Russia's energy

The European Union's plans to phase out Russian energy and commodities more quickly will not affect Russia and will not force it to change its position, Kremlin spokesman Dmitry Peskov said on ... Read More

U.S. Senators Push for More Sanctions to Cripple Russia

Several U.S. senators pushed for more sanctions aimed at hurting Russia in order to force a peace deal with Ukraine ahead of Monday’s meeting. “Monday’s Big Power meeting should resolve to shut the ... Read More

Russia's Putin denies economy is stagnating, as evidence suggests otherwise

Putin says many dissatisfied with high interest rates Central bank's graph shows economy in recession Putin warns of high inflation's negative impact Putin says Russia can increase deficit, borrow ... Read More