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,

Former Vice President Pence urged the Senate on Thursday to pass a major sanctions bill against Russia, arguing that the hefty tariffs, along with continued military aid to Ukraine, provide the

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

In June, the annual St. Petersburg International Economic Forum (SPIEF) took place in Russia, where Russian President Vladimir Putin and other leaders discussed the state of Russia’s economy.

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.

The IMF now expects Russia's economy to grow 0.9% in 2025, down from the 1.5% it had projected in April.

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 ...

Kazakhstan’s GDP per capita has surpassed Russia’s for the first time in a decade, reflecting strong post-pandemic growth and the benefits of avoiding sanctions.

In a desperate bid to save money, businesses across the country are implementing a stringent programme of wage cuts and reduced working hours.