By Olesya Astakhova VLADIVOSTOK, Russia (Reuters) -Sberbank CEO German Gref, one of Russia's most powerful bankers, warned on ...

Secretary Scott Bessent said that if the Supreme Court rules against the administration on tariffs, refunding the money would ...

The Kremlin said on Monday (Sept 8) that no sanctions would ever force Russia to change course in the Ukraine war, hours after the United States and the European Union indicated they were considering ...

Russia’s economy returned to growth last quarter, dodging a recession despite pressure from ultra-high interest rates.

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 economic consequences Russia is facing are severe: high inflation that will only get higher, and deep recession that will only get deeper," the official told reporters during a conference call.

Russian Economy Minister Maxim Reshetnikov has stated that, based on current business sentiment, Russia is on the verge of falling into recession.

Russia's GDP fell 4% on-year in the third quarter of 2022 — its second straight quarterly decline. That means the country has fallen into a technical recession. Top Russian central banker Elvira ...

A Russian economist says the country could fall into a recession as early as next month as sanctions from the US, UK, and EU take their toll.