Russian minister Maxim Reshetnikov has warned that the country's economy was teetering "on the brink of recession".

Slumping global coal prices and sanctions have put Russia’s coal industry on the brink of collapse, forcing the government to ...

Kremlin attempts to 'disguise and dismiss' the effects of sanctions, but in reality they are starting to bite hard ...

In June, Russia's manufacturing Purchasing Managers' Index sank to 47.5 — its sharpest pace of contraction since March 2022, according to S&P Global.

Over the last 15 years, inflation has only been higher in 2022, the first year of Russia's invasion, and during the economic crisis of 2014-15 that followed the annexation of Crimea.

The economy shrank 2.1% last year, Russia's statistics agency said. The International Monetary Fund predicts 0.3% growth this year — not great, but hardly disastrous.

Russia's foreign financial assets rose $44.6 billion from January to July — more than double the increase of $21.4 billion over the same period a year ago, according to the central bank's report.

Russia's economy is facing significant challenges due to the ongoing war in Ukraine, with soaring inflation, rising interest rates, and a looming economic slowdown.

However, other key areas of the economy are feeling the strain. On June 5, Russia's Ministry of Economic Development released figures showing that annual inflation had risen to 8.17 percent.

Russia’s economy holds up under Western sanctions, but challenges lie ahead Russian President Vladimir Putin speaks at a news conference at the Kremlin on Dec. 22.

The economy shrank 2.1% last year, Russia’s statistics agency said. The International Monetary Fund predicts 0.3% growth this year — not great, but hardly disastrous.