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

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,

Russia has built a shadow network to help its businesses dodge Western sanctions, according to a new report that shines a light on the A7A5 token.

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.

As President Trump turns up the economic pressure to push Moscow to reach a cease-fire, WSJ explains how Russia’s economy has survived and how long it can keep going.

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

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!

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.

India has signed a terms of reference (TOR) to open trade talks with the Eurasian Economic Union (EAEU). The development comes in the backdrop of a bilateral deal between India and the United States being stalled – much to the frustration of US President Donald Trump and his top officials.

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.”