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.

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 Russian economy is being dealt blow after blow, as vehicles have become unaffordable for many residents and China is beginning to overtake the Russian IT market. Roughly 200 car dealerships, about 5% of those across the country, have been forced to close since the start of the year amid dwindling sales.

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

Stubborn inflation, exorbitant borrowing costs, bankruptcy risks and a growth slowdown: the Russian economy is facing a slew of negative headlines, as the costs of the Ukraine war and Western

Russia's economy is going from bad to worse as Western sanctions hammer the country's key sectors. ... The country's economic woes have multiplied since its invasion of Ukraine early last year.

Russian President Vladimir Putin has been warned that his country is on the brink of recession as the price of potatoes soars and fails to meet high demand, with the economic impact potentially hamper

The economic woes add to Russian President Vladimir Putin's case for talks with U.S. President Donald Trump on ending the war in Ukraine. Trump said on Jan. 21 that Putin was "destroying Russia ...

The year Mr. Putin annexed Crimea, 2014, his approval ratings at home soared even as European countries, the United States and others responded with sanctions that threatened Russia’s economy.

Business Economic woes mount for Russia’s war machine. Inflation, exorbitant borrowing costs, bankruptcy risks and a growth slowdown: the Russian economy is facing a slew of negative headlines.