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Ukrainian drone attacks on oil refineries plunge Russia into a summer fuel crisisUkrainian drone strikes on Russian oil refineries are causing widespread fuel shortages and long queues at gas stations across Russia. This...- Ukraine is hitting oil facilities deep inside Russia. Soaring fuel prices could blunt impactUkrainian drones are hitting Russian oil facilities deep inside the country. These attacks aim to cut funding for the war. While the econom...
- Vladimir Putin signs bill increasing income taxes for the wealthy in RussiaRussian President Vladimir Putin signed into law a bill on Friday that introduces progressive income taxes targeting the wealthy, aimed at ...
- Russia's ruble has tumbled. What does it mean for the wartime economy?Until now, the government stood aside as the declining ruble helped its budget. But a weaker currency also poses the threat of higher price...
- Russia's central bank makes huge interest rate hike to try to prop up falling rubleRussia's central bank made a big interest rate hike Tuesday, an emergency move designed to fight inflation and strengthen the ruble after t...
- Russia braces for economic upheaval as sanctions start to biteRussia is heavily reliant on imports of everything from manufacturing equipment to consumer goods, and economists believe the worst effects...
- After 3 months of Ukraine war, life in Russia has profoundly changedThree months after the Feb. 24 invasion, many ordinary Russians are reeling from those blows to their livelihoods and emotions. Moscow’s va...
- As companies leave Russia, their assets could be seizedRussian President Vladimir Putin responded Thursday by saying that if foreign companies shut down production in Russia, he favored a plan t...
- As oil blow looms, Russia warns of recession next yearThe forecast released by the economic development ministry was the first acknowledgement that the Russian economy will contract in 2015.
- Food ban may prove costly for Russian economyRussia depends heavily on imported foodstuffs, most of it from Europe, particularly in Moscow and other large, prosperous cities.
- Food ban may prove costly for Russian economyRussia depends heavily on imported foodstuffs, most of it from Europe, particularly in Moscow and other large, prosperous cities.
- Tax evasion, faltering global economy tops on G20 agendaTax evasion and splits over the state of the global economy as emerging markets slow down are the main subjects for a meeting of G20 countr...
- Commodities extend fall on China rate hikeGold fell for a second day in London as a strengthening dollar cut demand and as some investors sold the metal to cover losses in other ass...
- PepsiCo announces $1bn investment in RussiaUS soft drink giant PepsiCo said Monday it would boost investment in Russia by one billion dollars, topping the list of US trade deals expe...
- Russia cuts off gas to UkraineRussia on Thursday cut off gas supplies to its neighbour Ukraine after failing to agree a new contract, sparking renewed concern over Europ...
- Russia has entered recession: deputy ministerRussia has entered recession, confirming fears that the global slowdown will exact a heavy toll on its economy. Countries in recession | Gh...
- Russia's oil wealth no vaccine against global crisisNo longer quite so flush from vast oil and gas wealth, Russia's economy is feeling the pinch from the global crisis and problems at home, p...
- Russia seen shrugging off market collapseWith oil prices around $100 a barrel -- around 10 times higher than in 1998 -- Russia's prospects look different from 1998
- Russia suspends stock trading to stop market meltdownRussia suspended trading on its two main stock markets for a second day Wednesday as shares nosedived and officials pledged 44 billion doll...
- Russian energy rivals sign partnership dealRussian state-controlled energy giants Gazprom and Rosneft signed a massive partnership deal that aligns two bitter rivals and could squeez...
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