Europeans announce fresh sanctions on Russian economy, trade in latest push to end Ukraine war

The European Union unveiled sweeping new sanctions targeting Russia’s economy and energy trade Friday, days after President Trump urged NATO nations to halt all oil purchases from Moscow. The bloc’s ... 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 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

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

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 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

Sberbank CEO Gref Warns of Russian Recession if Rates Not Slashed

VLADIVOSTOK, Russia (Reuters) -Sberbank CEO German Gref, one of Russia's most powerful bankers, warned on Thursday that the economy was stagnating and that unless the central bank slashed interest ... 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