Russia's current-account balance has collapsed, marking another blow to the floundering economy. Surplus tanked 93% to $5.4 billion last quarter from a year before, according to the Bank of Russia.

Among the main reasons are record-high interest rates, a slowing economy and growing uncertainty due to the Russo-Ukrainian ...

MOSCOW, Sept 8 (Reuters) - Russia's economy could contract by less than 4% in 2020, Finance Minister Anton Siluanov said on Tuesday, an improvement on previous assessments and a positive sign for an ...

Russia's coal sector, a cornerstone of its energy exports and regional economies, is plunging into what officials describe as its worst crisis in three decades, with losses doubling and dozens of ...

Sanctions on Russia “might not be having the impact the West had hoped” a financial expert has said after the International Monetary Fund’s forecast. On Tuesday, the IMF predicted the British economy ...

John Rapley is an author and academic who divides his time among London, Johannesburg and Ottawa. His books include Why Empires Fall (Yale University Press, 2023) and Twilight of the Money Gods (Simon ...

2:36 ‘Russia will not prevail’: Biden announces ‘historic’ donation to Ukraine from allies Russia’s economy is showing signs of strain amid high inflation and a tightening labour market, which G7 and ...

Russia’s economy has averted a devastating collapse so far despite unprecedented sanctions sparked by the war in Ukraine, allowing Vladimir Putin to rally his people against the West and in support of ...

PM. PM Narendra Modi and Russian President Vladimir Putin at the India-Russia Business Forum New Delhi- Prime Minister ...

The Bank of Russia raised its key interest rate to the highest in almost two decades and imposed some controls on the flow of capital in a bid to shield the economy from the impact of sweeping Western ...

Before the war, Russia and Ukraine had supplied 28% of global wheat exports. And Russia and Belarus accounted for 40% of exports of the fertilizer potash. The head of the International Monetary Fund ...

11:59, Fri, Oct 31, 2025 Updated: 13:53, Fri, Oct 31, 2025 Russians are resorting to buying up gold at unprecedented rates to protect their savings, amid fears of economic collapse. The country's ...