Exclusive: Top Russian banker says sanctions-hit economy will slow in 2025
Russia's sanctions-hit, militarized economy is expected to slow next year and banks' profits will fall, while the benchmark interest rate may climb to 23% by the end of this year, Andrei Kostin, CEO of Russia's second-largest lender,
Russia's Economy Will Need to Adapt to New US Sanctions, Economy Minister Says
MOSCOW (Reuters) - The Russian rouble will strengthen when temporary speculative factors and market nervousness are gone, but the economy will need to adapt to new U.S. sanctions targeting the banking sector, Economy Minister Maxim Reshetnikov said on Friday.
The Russian Economy's Biggest Problem Right Now
Putin has a long list of economic concerns. So we asked the experts: What is the Russian economy's greatest vulnerability?
Russia’s economy might’ve never been as strong as it looked
Russia’s economy is wobbling under a mountain of pressure, and the cracks are becoming harder to hide. This week, the ruble plunged to 114 against the dollar, its weakest since the chaotic days following Moscow’s invasion of Ukraine in 2022.
Russian economy teeters as rouble plunges amidst sanctions
The rouble has dramatically lost value, and Russians are worried about food prices and are now openly criticising Putin's officials. "We would like to see Russia descending into the abyss of an economic crisis,
Russian companies are turning to teenagers and retirees amid the country's wartime labor shortage
Russia's economy is short 2 million workers, according to an estimate from one of the nation's largest auditing firms.
Russia’s Economy Is Slowing, Opening Fissures Over Policy
Last month, the central bank also lowered its forecast for Russia’s economic growth next year to 0.5 to 1.5 percent, compared ...
Russia’s War Economy Shows New Cracks After the Ruble Plunges
President Vladimir Putin said there isn’t any reason for Russians to panic after the currency fell to its lowest level since ...
Ukraine war: 10% of Chinese people are willing to boycott Russian goods over invasion – new study
Our research shows a surprising level of disapproval among the Chinese public of Russia’s invasion of Ukraine.
What Does Ruble's Sharp Fall Mean for Russia's Economy?
The Russian ruble has experienced a sharp fall in value against the U.S. dollar, weakened in recent days by the U.S. Treasury ...
Russian economy meltdown as inflation soars with prices 'up 65%' and Ruble plummets
A Russian newspaper warned that rampant inflation is hurting the economic well-being of ordinary Russians as pressure grows ...
Russian economy still growing, largely due to defense spending, say U.K. analysts
Despite a raging war, both Russia and Ukraine have seen economic growth in 2024 — about 3.6% for Moscow and 3% for Kyiv — ...
Russian Ruble Plunge Hurting Chinese Companies: Report
The Russian currency has hit a 32-month low against the U.S. dollar as the wartime economy faces another blow.
Russia’s war economy is on its last legs, but peace may be even worse for Vladimir Putin, experts say
"Russia cannot continue waging the current war beyond late 2025, when it will begin running out of key weapons systems." ...
Trump mustn’t go wobbly on Russia: Sanctions are working — time to double down
Russian President Vladimir Putin is rushing to defeat Ukraine because the Kremlin stands on the brink of economic crisis.