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

Putin Wagers Ukraine’s Army Will Break Before His Economy Does

Moscow’s military goal isn’t so much to capture land as to exhaust Ukraine’s forces, until Kyiv is forced to capitulate. Putin is likely to reduce his aims and accept a deal that Ukraine and the West ... Read More

Russian oil refineries, terminals burn as Ukraine hits Putin's war economy

The attacks disrupted Moscow's oil processing and exports, and created gasoline shortages in some parts of Russia. Read More

Russia slashes 2025 economic growth forecast to 1.5% from 2.5%

Spending on war in Ukraine, high interest rates slowing economy Official forecast was 2.5% for 2025 Russia also cuts forecast for industrial production Russia's key interest rate is at 18% MOSCOW, Aug ... Read More

How the Russia-Ukraine war has reshaped global trade and forged new alliances

The vast majority of policymakers in Westminster, let alone elsewhere around the UK, have never heard of the Shanghai Cooperation Organisation, the geopolitical grouping currently holding its summit ... Read More

Europe’s Delayed Reckoning With Russia

Russia denied responsibility, implying that the drones had simply lost their way; NATO and European officials suggested the violation was intentional. Whatever the case, the clash marked the first ... Read More

Trump’s misreading of Russia has cost Ukraine. Now Putin is making his intentions clearer than ever

US President Donald Trump’s belief he could somehow, through force of personality, convince his Russian counterpart, Vladimir Putin, that he wanted a peace deal was, at best, overly generous to ... Read More

Ukraine is stepping up attacks on Russian energy - and it’s working

A dramatic rise in Ukrainian attacks on Russian oil refineries has sent gasoline prices in Russia to record highs, despite the government banning petrol exports to cope with the crunch. Ukraine is ... Read More

India pushes back at US over Russian crude, calls 'laundromat' claim false

India defended its Russian oil imports, saying it followed international rules and helped keep global prices stable, rejecting US claims that it fueled the Russian war effort ... Read More

How Russia’s drone attacks have reshaped the war in Ukraine: An illustrated guide

Many of the drones aren’t particularly fast or high-tech, but they are cheap enough for the Kremlin to launch more than 700 in one night, in an effort to overwhelm Ukraine’s air defenses. Here’s what ... Read More

Trump adviser says Russia-Ukraine 'Modi's war' as India tariffs rise

US Trade Adviser Peter Navarro has been a vocal critic of India's import of Russian oil [Bloomberg via Getty Images] A White House official has described Russia's ongoing war with Ukraine as Indian ... Read More