The Soviet Union built one of the most rapidly growing economies in history, but it also suffered one of the most dramatic collapses. From the 1920s to the 1980s, the USSR’s centrally planned ...

Russia's economy, buoyed for months by wartime spending, may now be teetering toward recession, Minister of Economic Development of the Russian Federation Maxim Reshetnikov said on Thursday, ...

It is these developments that have prompted claims that Russia’s economy is heading for disaster. But Russia has had high interest rates before: 19% in 1998 and 13.1% in 2009, and inflation fell ...