Russia cuts interest rate to 17% as wartime economy slows while deficit grows

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's clash with Russia's top banker shows increasing disconnect over war economy, experts say

A recent clash between Russian President Vladimir Putin and Sberbank CEO German Gref shows an increasing disconnect between the Kremlin and Russia's economic community, experts say. Gref, head of ... Read More

Pressure on Russia's economy intensifies as full-scale invasion of Ukraine continues

Russia's financial regulator has published an order defining nine criteria by which banks may introduce a temporary limit on cash withdrawals from ATMs. The statement on the website of the Central ... Read More

Trump pushes Europe to stop buying Russian oil — and ramp up pressure on Chinese economy for funding Moscow’s war

President Trump in a phone call urged Europe to stop buying Russian oil once and for all — and to ramp up the economic pressure on China “for funding Russia’s war efforts,” a White ... Read More

Russia’s Wartime Economy Creaks Under Inflation and Fuel Shortages

Russia’s war-driven economy is slowing sharply as fuel shortages, soaring inflation, and heavy defense spending push the country toward stagnation and a potential recession. 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

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