Russia's economy is cooling, with a top minister suggesting it's on the verge of a recession amid record-high defense spending and sanctions. Business Insider Subscribe Newsletters ...

Russia’s economy faces a worsening outlook that is graver than publicly acknowledged, with a credible risk of a systemic banking crisis in the next 12 months, according to Russian banking officials.

Russian ruble notes are seen besides dollar bills in this image taken on January 11, 2025. Matt Cardy/Getty Images Why It Matters. Russia's economy has been impacted by a fall in global oil prices ...

ST. PETERSBURG, Russia (AP) — Russia’s economy is “on the brink of going into a recession,” the country’s economy minister said Thursday, according to Russian media reports.

Moscow's economy is sliding toward the brink of "stagflation," according to a new report published by a Russian economics research organization close to the country's government.

The Russian economy has lived many lives since the full-scale invasion of Ukraine. After the initial shock of the invasion wore off, the country experienced a dramatic sugar high thanks to historic ...

The Russian economy could cool down excessively due to high interest rates and may face difficulties returning to a growth path, Alexander Vedyakhin, First Deputy CEO of Russia's largest lender ...

Russian losses in Ukraine hit a massive, and grim milestone on June 12 — 1 million Russian soldiers killed or wounded during the 39-month-long full-scale war, according to figures from Kyiv.

In a rare public sign that all is not well in Russia, two high-ranking Moscow officials last week issued separate warnings about the state of the country's economy. Russian Central Bank Governor ...

Russian President Vladimir Putin’s economic advisor Maxim Oreshkin, Deputy Chief of Staff to the Presidential Executive Office, who had long been a fixture in these discussions, was not present ...

The conversation will cover the structural changes within the Russian economy since 2022, the most substantial chokepoints threatening its sustainability, and the possible scenarios for its near-term ...