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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
Russian central bank 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 concerns over an economic slowdown amid the Ukraine offensive. 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
President Vladimir Putin rejects top bankers warning that Russia’s economy is stagnating
President Vladimir Putin rejects warnings from Sberbank chief Herman Gref that Russia’s economy is entering stagnation. 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
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