About half of Russia's military budget is off the books, according to Craig Kennedy, a former Morgan Stanley investment ...

Inflation in Russia accelerated in 2024, official statistics published Wednesday showed, as the costs of Moscow's full-scale ...

Vladimir Putin’s war efforts have hit a humiliating low as some estimates reveal he has lost around 800,000 men in Ukraine ...

The U.S. Treasury imposed sanctions on Gazprom Neft and Surgutneftegas, which explore for, produce and sell oil as well as ...

The reality is that the financial underpinnings of Russia’s war economy increasingly look like a house of cards — so much so that senior members of the governing elite are publicly expressing concern.

Oil and gas revenue is expected to account for around 27% of Russia's federal revenue in 2025, according to a draft budget ...

Proceeds from oil and gas sales for Russia's federal budget in 2024 jumped by more than 26% to 11.13 trillion roubles ...

Russia will facilitate Vietnam’s participation in the BRICS bloc of developing economies as a “partner country.” ...

The plunging Russian currency, the ruble, has added to inflationary pressures in Russia, British officials have said, as the ...

High-ranking sources told independent Russian outlet Meduza that Russia's elites are disappointed the Ukraine war didn't end ...

President Joe Biden's administration says it's expanding sanctions against Russia's critically important energy sector over ...

Russia’s economy is expected to cool down in 2025 after leaving a year fighting inflation behind. The Russian economy is estimated to have wrapped up 2024 with a 3.9% growth, according to data ...