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 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 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

EU's von der Leyen, Trump discuss new steps to increase economic pressure on Russia

European Commission President Ursula Von der Leyen said on Tuesday that she had a call with U.S. President Donald Trump on strengthening joint efforts to increase economic pressure on Russia through ... 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

Trump is ready to ‘crush’ the Russian economy if Putin doesn’t meet with Zelensky, says Lindsey Graham

Sen. Lindsey Graham has said that Donald Trump is ready to “crush” the Russian economy if Vladimir Putin refuses to meet with Volodymyr Zelensky in the coming weeks to discuss an end to the Ukraine ... Read More

Russia's Medvedev says 2026 'wartime' budget should safeguard social spending

Former Russian President Dmitry Medvedev called the draft 2026 budget, now in preparation, a "wartime" budget and said social spending including support for veterans of the conflict in Ukraine must ... 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