Officially, inflation is running at a worrying 9.5%, a worrying number that's forcing Russia's Central Bank to hike interest rates to a record high of 21%.

Russia’s economy is showing “serious cracks” and the West must intensify sanctions to put Ukraine in the best possible position for a peace deal, Finland’s foreign minister has said.

Poland's foreign minister said Putin used to criticize the Soviet approach that helped bankrupt it, but now he's repeating ...

A revealing, damning and fascinating diplomatic memorandum, sent in 1994 from the US embassy in Moscow to the State ...

A newly declassified analysis argued against “shock therapy” for the former Soviet Union. The warning wasn’t heeded.

Car dealerships in Russia are closing in their hundreds as the country's economic crisis continues to deepen. Late last year, the Russian Central Bank raised interest rates to a record high of 21% ...

“There is no reason to believe the Russian economy is capable of rapid market reform,” he continued. “There is reason to fear,” however, “that an intrusive Western effort to alter the ...

Brendan Cole is a Newsweek Senior News Reporter based in London, UK. His focus is Russia and Ukraine, in particular the war started by Moscow. He also covers other areas of geopolitics including ...

Russia's latest economic figures show it had a strong 2024. But economists are suspicious, believing its data don't stand up to scrutiny and is inflated. This week, Trump threatened high tariffs ...