Punishing sanctions imposed by the United States and its allies on Moscow for invading Ukraine are pushing Russia into recession and starting to turn it back into a closed economy, a senior U.S.

LONDON — Russia’s oil export revenues are at much greater risk from a global economic recession than the price cap being planned by the United States and the European Union. If there is a global ...

Russian Economy Minister Maxim Reshetnikov has stated that, based on current business sentiment, Russia is on the verge of falling into recession. Source: Russian news agency Interfax Quote: ...

Russia's invasion of Ukraine has added to concerns on Wall Street that growth in the US could slow sharply and trigger a recession. Strategists worry the conflict could send oil prices soaring, adding ...

LONDON — Recession in Europe and North America may be the inevitable price for defending freedom, resisting aggression and upholding international law in Ukraine. U.S. and European leaders now face an ...

Russia’s war machine faces a significant funding squeeze as the nation battles recession and rising inflation pressures.

Russia's GDP fell 4% on-year in the third quarter of 2022 — its second straight quarterly decline. That means the country has fallen into a technical recession. Top Russian central banker Elvira ...

Polish Prime Minister Mateusz Morawiecki talks about the gas halt from Russia at a gas transmission point near Warsaw in April 2022.JANEK SKARZYNSKI/AFP via Getty Images An EU embargo on Russian ...

The war in Ukraine could lead to a global recession, according to Jose Carlos Martins, Vale’s former Executive Director of Ferrous and Strategy. “Russia and Ukraine are two major players. Replacing ...

17:18, Wed, Aug 27, 2025 Updated: 17:22, Wed, Aug 27, 2025 Russia’s continued economic implosion could be the key factor in forcing Vladimir Putin to modify his Ukraine war ambitions. In recent months ...

People stand in line to withdraw U.S. dollars and euros from an ATM in St. Petersburg, Russia on Feb. 25, one day after Russia invaded Ukraine. (Dmitri Lovetsky/AP) A senior official with the ...