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 Russian economy is being dealt blow after blow, as vehicles have become unaffordable for many residents and China is ...

Russian truckmaker Kamaz said on Friday it would reduce production and shorten its working week to combat a crisis in ...

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 ...

Prices that high make the economic environment extremely uncertain for businesses in the nation, Putin said, per Reuters. That's a rare admission from Putin of Russia's current economic woes.

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.

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 ...