The Kremlin's export ban on petrol has failed to contain shortages, with queues now stretching for miles as motorists wait ...

Russians are likely to face higher taxes as the burden on the budget grows and the Central Bank of Russia says that "the ...

Moscow is preparing to raise taxes and cut spending as it tries to maintain high defence expenditure with Russia's economy ...

It comes as U.S. President Donald Trump imposed an additional 25 percent tariff on India for buying Russian oil.

President Donald Trump is willing to “crush” Russia's economy with sanctions if Russian President Vladimir Putin refuses to ...

Republican insists sanctions could become necessary to punish Kremlin leader for snubbing diplomatic discussions on ending ...

Military production and defense spending are propping up Russia's economy and may shape its future long after the war in ...

The economy shrank 2.1% last year, Russia’s statistics agency said. The International Monetary Fund predicts 0.3% growth this year — not great, but hardly disastrous.

Russia has built a shadow network to help its businesses dodge Western sanctions, according to a new report that shines a ...

Russian Economy Contracts Sharply as War and Sanctions Take Hold The country’s gross domestic product from April through June declined 4 percent from a year earlier, new government data shows.

Russian companies are widening their campaign to find young African women to help fill a labor shortage, heightening concern ...