Compared to the beginning of the year ($67.66 per barrel in January), the price of Russian oil has collapsed by 33%, or $23 ...

Russia's economy has been dealt yet another devastating blow as its most precious exports are being hammered. The vast country is home to many natural resources, such as oil, natural gas, coal, timber ...

A Ukrainian drone campaign has knocked out 17% of Russia’s refining capacity, fueling shortages and price spikes across the country. Massive defense spending, making up 41% of the 2025 budget, has ...

Russia faces a fuel crisis, with gasoline prices rising over 30 percent due to Ukrainian drone strikes on refineries. The economy is slowing, with GDP contracting and inflation nearing 10 percent, ...

Prime Minister Mikhail Mishustin offered a dark assessment of Russia’s economic and fiscal situation at a Cabinet meeting on Thursday. Even the pro-Kremlin Moskovskij Komsomolets newspaper struggled ...

Russia's wartime economy continues to face turmoil as a slump in growth amplified by sky-high interest rates and falling oil revenues takes its toll, according to an analysis. The Vienna Institute for ...

MOSCOW, Dec 28 (Reuters) - Cyber attacks have cost Russian companies and citizens up to 3.6 trillion roubles ($49 billion) this year, the country's largest lender Sberbank (SBER.MM), opens new tab ...

To sustain its war against Ukraine, Russia militarized its economy. Although—contrary to popular belief abroad—the Russian economy is not on a full wartime footing, the Kremlin has both splurged on ...

Amidst economic sanctions, the Russian economy refuses to bend. U.S. sanctions have historically struck fear across global markets. Companies and countries scrambled to avoid being on the wrong side ...

MOSCOW, Feb 8 (Reuters) - Russia's state statistics service on Monday reported 162,429 deaths related to COVID-19 in Russia last year, a tally that is much higher than previously reported and amounts ...