Moscow is preparing to raise taxes and cut spending as it tries to maintain high defence expenditure with Russia's economy creaking under the weight of financing the more than three-year war in Ukraine,

Several senior Biden administration officials from the White House and State Department traveled to Venezuela on Saturday to meet with the Russian ally as Moscow’s economy begins to crater under the weight of sanctions, according to a report. The U.S. is ...

The sector is reeling from a drop in both production and revenue, as well as rising debt - with even the largest companies feeling the heat.

Military production and defense spending are propping up Russia's economy and may shape its future long after the war in Ukraine.

Noting India's rapidly growing economy and initiatives like 'Make in India' that have opened up new windows for foreign businesses, Jaishankar said that these dimensions represent an invitation for Russian companies to engage more. "An India with a GDP of ...

For years, Donald Trump criticized presidents for empty threats. He often pointed to then-President Barack Obama failing to enforce his “red line” on Syria using chemical weapons. During his first term in 2017, Trump called it a “blank threat” that cost us “in many other parts of the world.”

The European Union's 19th package of sanctions against Russia is expected to be ready in September, top EU diplomat Kaja Kallas announced on Aug. 19, as the EU ramps up its pressure on Moscow in hopes that it will push Russia to end its war in Ukraine.

New Delhi: India and Russia Wednesday finalised the terms of reference for a free trade agreement between New Delhi and the Eurasian Economic Union (EAEU) as both countries seek to grow trade to $100 billion by 2030. The positive momentum in the India-EAEU ...

The digital ruble will boost Russia’s economy to the tune of $3.2 billion per year, the country’s credit ratings agency says. Find out more!

In particular, cutting off the “shadow fleet” of tankers that deliver Russia’s oil under the radar would send the war economy into a “deep financial crisis,” according to Robin Brooks, a senior fellow at the Brookings Institution and former chief economist at the Institute of International Finance.

Paula Newton speaks to Andrei Illarionov, a former adviser to Vladimir Putin, on the state of the Russian economy.