The other factor is a narrowing gap between the price of Urals, Russia’s flagship grade, and Brent, from $30 in January to $15 today (see chart 3). This gap is likely to continue to shrink.

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 ...

Russia’s economy may continue to shrink in 2023. Its GDP is forecast to decline by 2.5% in the worst-case scenario (OECD) ... Bar chart showing changes in monthly revenues from oil exports. In January ...

Since Moscow’s full-scale invasion of Ukraine in 2022, Russia’s economy has surpassed expectations. But some experts say this image of resilience is a mirage crafted by the Kremlin.

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 ...

But back to the comparison. Even though Russia has nearly five times as many residents as Texas, the Lone Star State's economy is more than $400 billion larger.

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 Economy Is Increasingly Structured Around Its War in Ukraine The nation’s finances have proven resilient, despite punishing sanctions, giving it leeway to pump money into its military ...

Russia's economy is teetering on the edge of recession, the country's economy minister has warned, according to reports from Russian media. Maxim Reshetnikov delivered the stark assessment on ...

Russia’s central bank increased its interest rate from 16% in December 2023 to 21% in October 2024, where it remains. It is these developments that have prompted claims that Russia’s economy ...

Russia's Economy Minister Maxim Reshetnikov says the country is on the brink of a recession. Reshetnikov delivered the warning Thursday at the St. Petersburg International Economic Forum, an annual ...

MOSCOW, May 26 (Reuters) - Russia's economy is facing "hypothermia" risks, Economy Minister Maxim Reshetnikov said on Monday as he urged the central bank to take slowing inflation into account ...