The Bank of Russia has room for a deeper cut to its key interest rate amid slowing inflation and growing pressure from ...

Russia’s economic outlook is growing increasingly uncertain as it grapples with manufacturing declines and inflationary ...

The crisis has led to a 28-fold decline in the company's net profit for 2024, and Kamaz shareholders will receive no ...

Russia’s sanctions-defying economy ... that the risk of a protracted systemic banking crisis in 2026 was “moderate” and growing. The economic woes increase pressure on the Kremlin by shortening the ...

“The economy can’t survive like this for long,” German Gref, CEO of Russia’s largest lender, state-run Sberbank, said this month. Russian Railways said it will cut investment by 40 percent ...

The economic woes add to Russian President Vladimir Putin's case for talks with U.S. President Donald Trump on ending the war in Ukraine. Trump said on Jan. 21 that Putin was "destroying Russia ...

Russia's car industry is one part of the economy that's being squeezed. Insider's Phil Rosen reported that car sales in Moscow have tanked by nearly 75% since the Ukraine war broke out.

Despite a recovery from a 1.4% contraction in 2022, the Russian economy showed signs of overheating by 2023, as wage growth and inflation accelerated. The central bank raised interest rates as high as ...

This will keep Russia's economy running and, the government promises, growing at a rate of at least 6.5 percent for some years to come.

Robin BJALON Dec 18, 2024 Dec 18, 2024Updated Dec 19, 2024 Russia's economy is suffering from inflation, high borrowing costs and growing numbers of bankruptcies which many analysts blamed on the ...