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

"The Russian people are increasingly feeling the effects of the Kremlin's continued prioritization of the Russian defense ...

Even as President Donald Trump insists Russia has the upper hand in its war against Ukraine, economists say the country’s position is weaker than ever because the Kremlin has burned through most of ...

The Russian economy has been dealing with growing headwinds this year: unruly inflation, a ballooning budget deficit – due in part to massive military spending – and shrinking revenues from oil and ...

Vladimir Putin has ordered a "significant increase" in tax collection.

“As the risk of a financial crash rises, Russia’s imperiled economy is about to pose serious constraints on Putin’s war.” ...

Russian President Vladimir Putin’s visit to India on December 4-5 is significant for several reasons. Ties long-anchored in a defense and strategic partnership and bolstered by ...

US sanctions on Russia’s space industry triggered a rapid restructuring, focused on domestic production, Chinese cooperation, and new partners across the Global South. Few observers expected Western ...

The Russian deputy prime minister noted that this year, despite ongoing uncertainty in the global economy, trade wars, and unprecedented sanctions pressure, the Russian economy has demonstrated ...

Economic and military pressures could force Russia’s hand. Its economy is strained but not enough to do that, analysts say. And President Vladimir V. Putin says Russia is winning the war. By Neil ...

The U.S. seizure of a Russian-flagged oil tanker threatened new pressure on the “shadow fleet” that has helped prop up President Vladimir Putin’s economy. The American operation to take over the Bella ...

The Council today decided to prohibit, on a temporary basis, any transfers of Central Bank of Russia assets immobilised in the EU back to Russia. This decision was taken as a matter of urgency to ...