Putin said he's eying higher taxes on the rich to bankroll the Ukraine war and pointed to a precedent set by the US

Russia's central bank expects the economy to expand just 1% to 2% this year, down from 4.3% in 2024. Read More

Europe Announces New Sanctions to Ramp Up Pressure on Russia

The latest set of European Union restrictions are aimed at chipping away at Russia’s energy profits and ability to do business globally. 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

Russia's Nabiullina and her deputy Zabotkin on rates, economy and the budget

Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin addressed a news conference on Friday after the central bank cut its key rate to 17% from 18%. 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’s Economy Looks Like a Giant Mess

Key Points and Summary - Russia's economy is showing serious signs of strain, with tepid GDP growth of just 1.1% in the first seven months of 2025, casting doubt on official forecasts. -The central ... Read More