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 Nabiullina and her deputy Zabotkin on rates, economy and the budget

Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin addressed a news conference on Friday after the central bank cut its key rate to 17% from 18%. They spoke in Russian and ... Read More

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 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

Russia cuts interest rate as economy slows

Russia's central bank on Friday cut its key interest rate, but warned inflation was still too high, amid growing fears of an economic slowdown after bloated spending on the Ukraine ... Read More

Russia economy meltdown as central bank reveals GDP tanking

Year over year growth also slowed to 1.1% in the second quarter of this year, from 1.4% in the first quarter and from 4.5% at the end of last year. Read More

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

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

Putin Ally Issues Dire Warning About Russian Economy

Sberbank chief German Gref said Russia could soon face recession if the key interest rate is not cut drastically. Read More

Sanctions regime against Russia completely fails – Stanford researcher Ferguson

The sanctions imposed against Russia for its war against Ukraine have proven ineffective, and in the absence of an adequate response from Europe, the scenario of Russia's victory now looks more likely ... 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

After more than three years, Russia claims it is 'immune' to sanctions

After more than three years, Russia claims it has become immune to Western sanctions as the US threatens new severe measures if a ceasefire is not agreed. Read More

Treasury secretary says U.S. and European Union must partner to 'collapse' Russian economy

Secretary Scott Bessent said that if the Supreme Court rules against the administration on tariffs, refunding the money would be “terrible” for the Treasury. Read More