The Russian economy appears to be "on the verge of a transition to recession," Russian Economy Minister Maxim Reshetnikov said on June 19, adding that the next step will be decisive. The comments ...

Russia's GDP is falling, and with it, oil and gas revenues. Even military factories are already planning to cut staff.

President Vladimir Putin claimed on June 20 that Russia's economy is strong despite war and sanctions, brushing off mounting warnings from his own officials about stagnation and looming recession.

As of today, the Russian economy is beginning to shift from stagnation to decline — a state referred to as a "technical ...

The Russian economy is poised to take a major hit following sanctions for the country's invasion of Ukraine. "These sanctions will almost certainly hit their mark on the Russian economy which now ...

ST. PETERSBURG, Russia — Russia's economy is “on the brink of going into a recession,” the country's economy minister said Thursday, according to Russian media reports. Economy Minister Maxim ...

In a surprisingly transparent statement, one of Russia’s highest economic authorities acknowledged the nation’s grim financial situation. Economy Minister Maxim Reshetnikov made the observation during ...

MOSCOW (Reuters) -President Vladimir Putin said on Thursday that Russia is deliberately slowing its economic growth in order to suppress inflation. "As for the decline from more than 4% GDP growth: ...

Vladimir Putin has staved off additional U.S. sanctions for now, as he bought more time to prosecute his war on Ukraine by meeting with President Donald Trump in Alaska last week, sparking a flurry of ...

ST. PETERSBURG, Russia (AP) — Russia’s economy is “on the brink of going into a recession,” the country’s economy minister said Thursday, according to Russian media reports. Economy Minister Maxim ...