After three years of doom-defying growth, Russia's heavily militarised economy is slowing, facing a widening budget deficit and weak oil prices, all under the threat of more Western sanctions.

Russia's economy, buoyed for months by wartime spending, may now be teetering toward recession, Minister of Economic Development of the Russian Federation Maxim Reshetnikov said on Thursday ...

Prior to Russia’s invasion of Ukraine, the country reported 4.75% unemployment in 2021, with levels hitting a record 2.4% low in early 2025, according to state-reported data.

BERLIN, March 17 (Reuters Breakingviews) - Over the last three years, President Vladimir Putin has often bragged, opens new tab that Russia’s economy has defied the dire forecasts made after his ...

Russia's central bank on Friday cut its key interest rate to 20 percent -- down from a two-decade high of 21 percent -- as the economy slows and officials say ...

Russia has increasingly boosted its defense spending to sustain its war efforts, from $59 billion in 2022 to $109 billion in 2023, and $126.8 billion set aside in 2025, when defense will make up ...

There are more Western sanctions on Russia than the next six targets combined (see chart 1). America alone has imposed nearly 6,500 penalties since February 2022, when Russia’s full-scale ...

Putin Has Retooled Russia’s Economy to Focus Only on War. Moscow expands military recruitment and boosts weapons production, and peace could jeopardize economic gains. Share. Resize.

Welcome back. The Russian rouble fell this week to its lowest level against the dollar since the early weeks of Vladimir Putin’s full-scale invasion of Ukraine in February 2022.

ST. PETERSBURG, Russia (AP) — Russia's economy is “on the brink of going into a recession,” the country's economy minister said Thursday, according to Russian media reports.

Russia's economy expanded 1.4 percent on an annualised basis in the first quarter -- down from 4.1 percent in 2024 to its lowest reading in two years. The central bank predicts growth of no more ...

Russia's central bank on Friday cut its key interest rate to 20 percent -- down from a two-decade high of 21 percent -- as the economy slows and officials say ... Russia's economy has been marked by ...