The Kremlin Wants to Cool Down The Russian Economy. Why That Could Be A Problem

After years of torrid growth, propelled by government spending to fuel the war on Ukraine, Russia’s economy is grinding to a crawl. Read More

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

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 CEO, told the Eastern Economic Forum ... Read More

Russia Slashes 2025 Economic Growth Forecast to 1.5% From 2.5%

MOSCOW (Reuters) -Russia sees economic growth in 2025 slowing to 1.5%, far below the earlier 2.5% forecast, as high interest rates imposed to reduce inflation have stifled borrowing, Finance Minister ... Read More

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

Ukraine hit 10 Russian refineries in recent days Some 17% of Russian refining capacity disrupted Some regions experience gasoline shortages Kyiv raising stakes for potential peace deal MOSCOW, Aug 25 ... Read More

Russia economy meltdown as Putin given dire 'two-year' warning

EXCLUSIVE: Vladimir Putin has been warned that he cannot financially sustain his war machine for much longer amid soaring inflation and costs. Read More

Sberbank CEO Gref Warns of Russian Recession if Rates Not Slashed

VLADIVOSTOK, Russia (Reuters) -Sberbank CEO German Gref, one of Russia's most powerful bankers, warned on Thursday that the economy was stagnating and that unless the central bank slashed interest ... 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