Russian oil companies, including Rosneft, experienced a significant profit decline in the first half of the year. This downturn was attribu...

Russian President Vladimir Putin assured there is no need for panic over the significant drop in the Russian ruble, attributing it to budge...

The emergency interest rate increase in Russia cannot hide the dilemma at the heart of the Russian economy: how to fund the military while ...

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 made a big interest rate hike Tuesday, an emergency move designed to fight inflation and strengthen the ruble after t...

The Russian ruble has reached its lowest value since the early weeks of the war in Ukraine as Western sanctions weigh on energy exports and...

Ratings agency Fitch last week downgraded Russia's sovereign debt rating farther into junk territory, warning that the decision reflects th...

These were the beginnings of what is sure to be the most significant financial crisis in Russia since the 1998 Russian financial crisis whi...

"The Bank of Russia's board of directors has decided to raise the key rate to 20 percent," the central bank said in a statement. It said it...

Russian assets nosedived as military attacks across Ukraine prompted emergency central bank action and investors braced for the toughest ro...

The military attack on Ukraine cast a shadow over global markets and sparked a fresh bout of risk aversion. Russian assets took the main bl...

If oil prices tumble below $40, then the Russian Central Bank could be inspired to interrupt its rate-cutting agenda.

Russian economy has been restored to two-thirds of its pre-crisis level, PM Vladimir Putin said in a documentary aired early this morning.

The BRIC countries are united in opposing US efforts to weaken or eliminate mechanisms to control currency fluctuations, Russia’s finance m...

Russia had its debt rating cut by Fitch Ratings for the first time in more than a decade as falling oil prices contributed to dwindling for...

The central bank has expanded the ruble’s trading band against a basket of dollars and euros, allowing it to drop 0.8 percent, said a spoke...

Russia's Central Bank eased its defense of the embattled ruble, which fell sharply and triggered a sell-off in stocks as the country faces ...