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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
Russian oil refineries, terminals burn as Ukraine hits Putin's war economy
The attacks disrupted Moscow's oil processing and exports, and created gasoline shortages in some parts of Russia. 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
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