The crisis has led to a 28-fold decline in the company's net profit for 2024, and Kamaz shareholders will receive no ...

Vasily Astrov, expert on the Russian economy at the Vienna Institute for International Economic Studies, told Newsweek that ...

Russian truckmaker Kamaz said on Friday it would reduce production and shorten its working week to combat a crisis in ...

Russia’s economy is teetering on the brink of recession as the war in Ukraine continues to drain its resources. -Top Russian officials, including the head of the Central Bank, have issued rare public ...

A slowdown exposes the limits of the country’s wartime economy and suggests sanctions may finally be taking a toll.

Despite a recovery from a 1.4% contraction in 2022, the Russian economy showed signs of overheating by 2023, as wage growth and inflation accelerated. The central bank raised interest rates as high as ...

But other problems tangential to the war – which were not discussed at SPIEF – centre around Russia’s ability to support and stimulate those territories of Ukraine that it has seized, to avoid them ...

"If we try to establish a ceasefire without building up our future defenses, the war will drag on for many more years," ...