Russia’s Largest Bank ‘Rings the Alarm Bells’ on Economy

Russia’s economy is in “technical stagnation,” according to the CEO of its largest bank, with growth near zero. -The country is being battered by a perfect storm of high interest rates, a soaring ... Read More

Russia’s economy slows sharply as deficit widens and costs mount

Russia’s central bank cut its benchmark interest rate by one percentage point to 17% on Friday, seeking to support the economy as growth slows and war costs widen the deficit. The step reverses part ... Read More

Treasury secretary says U.S. and European Union must partner to 'collapse' Russian economy

Secretary Scott Bessent said that if the Supreme Court rules against the administration on tariffs, refunding the money would be “terrible” for the Treasury. Read More

Russia’s central bank eyes more aggressive easing as slowdown accelerates

Russia’s central bank is expected to cut rates by 200bps on Friday. Inflation decreased to ~2%, giving policymakers room to ease further. Read More

Sen. Lindsey Graham says Trump ready to ‘crush’ Russian economy if Putin avoids talks with Zelenskyy

Sen. Lindsey Graham, R-S.C., speaks at a campaign event on Tuesday, Aug. 19, 2025, at Holt Bros. BBQ in Florence, S.C. (AP Photo/Meg Kinnard) WASHINGTON (AP) — Republican Sen. Lindsey Graham said ... Read More

Economy 'On the Brink' of Recession by End of Year, Moody's Economist Warns

In an interview with Newsweek, Mark Zandi outlined the risks to the U.S. economy and how it could skirt—or slip into—a downturn. Read More