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 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 rejects cautions about stagnating economy from top bankers

President Vladimir Putin has dismissed sentiments from Russia’s most prominent banker that the country’s economy is slipping into stagnation. He defended the central bank’s high interest rate policy, ... 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

Putin Says Economy Not Stagnating, Backs Bank of Russia on Rates

President Vladimir Putin rejected a top banker’s warning that Russia’s economy is showing signs of stagnating, as he backed the central bank’s efforts to curb inflation by hiking interest rates to ... Read More

Russia's Putin Denies Economy Is Stagnating, as Evidence Suggests Otherwise

VLADIVOSTOK, Russia (Reuters) -President Vladimir Putin denied on Friday that Russia's economy was stagnating, despite a report from the central bank that suggests it is technically in recession. In a ... 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