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 Economy Is Getting Crushed By Sanctions and Ukraine War Costs

Russia Could Be Headed for Recession Russia could be teetering on the edge of a recession as it straddles the double-edged sword of sanctions and a growing war budget. German Gref, Sberbank’s veteran ... Read More

Ukraine's economic police need more to fight shadow economy, director says

Ukraine's fledgling economic police need more resources to crack down properly on an untaxed shadow economy worth billions of dollars and create an investor-friendly climate, its director said in an ... 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 defic ... Read More

Russian economy is stagnating amid Ukraine war, says Sberbank CEO

German Gref said the country's central bank should lower interest rates to avoid a recession. View on euronews ... Read More

Ukraine advances security talks with allies, vows to keep hitting Russian energy

Ukraine is making progress in intensive talks to formalise legally binding security guarantees with the United States and European allies, a key part of its bid to end the war with Russia, First ... Read More