Chemical plants owned by Russian oligarchs support the war machine by supplying substances for explosives production. Reuters ...

Putin is dangerously close to having to choose between feeding his people or buying weapons if the war with Ukraine continues ...

Russia's economy will be under major strain in 2025, economists told BI. One said stagnation was similar to the USSR at the ...

Russia's economy has operated like a marathoner on fiscal steroids—and now those steroids are wearing off." ...

The Russian economy is showing signs of overheating which is stoking worryingly high inflation, President Putin said, ...

Ukraine will quadruple gas transmission tariffs for domestic consumers from Jan. 1 to offset the impact of lost revenue ...

Foreign Minister Andrii Sybiha has called on the European Union to ban imports of liquefied natural gas from Russia in order ...

Russia’s central bank has left its benchmark interest rate at 21%, holding off on further increases as it struggles to snuff ...

Russian President Vladimir Putin has acknowledged mounting concerns over inflation but maintained that the countrys economy ...

Russia is set to lose yet another source of income for its war chest in days — and it's Ukraine calling the shots. An ...

Despite a barrage of Western sanctions and swathes of brands quitting Russia after the Kremlin launched its Ukraine offensive ...

The European Union should consider taking bolder steps such as confiscating frozen Russian central bank assets to compensate ...