Record-low unemployment and ultra-hot inflation have put Russia “on the brink” of a recession, its economy minister said.

President Vladimir Putin has praised Russia’s economic outlook, saying it has managed to curb inflation and ease its reliance ...

Russian President Vladimir Putin on Friday dismissed claims the war in Ukraine is devastating the Russian economy, citing ...

Russia's Center for Macroeconomic Analysis and Short-Term Forecasting said in a statement this week: "It seems that an 'an ...

Economy Minister Maxim Reshetnikov delivered the warning at the St. Petersburg International Economic Forum, the annual event ...

Russia's economy is "on the brink of going into a recession," the country's economy minister said Thursday, according to Russian media reports.

Russian officials sparred publicly on Friday over how to boost the economy, as growth slows more than three years into its ...

The Russian economy faces another devastating blow as ... This comes amid shocking levels on inflation – 9.5% in 2024 and already 10.2% in just the first four months of this year.

Grappling with stubbornly high inflation, Russia's central bank has kept its key interest rate at 21% since October, a stance that has stifled investment just as the economic support provided by ...

This was caused in part by the prospect of an economic downturn due to Russia's Central Bank setting a key interest rate of 21 percent to curb inflation of 10.2 percent amid warnings this will ...

Russia's Central Bank has raised its key lending rate four times this year to try to get inflation under control and stabilize the ruble's exchange rate as the economy weathers the effects of ...