The crisis has led to a 28-fold decline in the company's net profit for 2024, and Kamaz shareholders will receive no dividends this year. In a statement on Telegram, the company b

The Bank of Russia has room for a deeper cut to its key interest rate amid slowing inflation and growing pressure from officials and businesses to save the economy from sliding into recession.

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 21%, driving the slowdown to an estimated 1.4% year-on-year by Q1 2025. That meant a 0.6% contraction in real terms against the previous quarter.

Asset seizures are surging in Russia, further clouding the outlook for the country’s slowing economy even as they help shore up increasingly depleted state coffers. The total value of confiscated property since 2022 has reached 3.

STORY: The European Union on Friday agreed an 18th package of sanctions against Russia over its war in Ukraine.:: GazpromThe package aims to deal further blows to the Russian oil and energy industry.And to lower the G7's price cap for buying Russian crude oil to $47.

Russian truckmaker Kamaz said on Friday it would reduce production and shorten its working week to combat a crisis in Russia's truck market that it blamed on the short-sighted policy of importers and the central bank's high interest rates.

Trade between Russia and US has fallen 90% since 2021 – blunting the impact of any proposed tariffs or sanctions.

Considering Russian President Vladimir Putin was only using the 50-day deadline as an excuse to unleash more destruction on Ukraine, President Trump is right to shorten it to a little over a week.

Russia’s sanctions-defying economy ... that the risk of a protracted systemic banking crisis in 2026 was “moderate” and growing. The economic woes increase pressure on the Kremlin by shortening the financial runway it has to fund its fight in ...

The Institute for the Study of War (ISW) said this in a new report , according to Ukrinform. Trump stated that the Russian economy is doing