Russian Economy
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Russia ‘on the verge of going into a recession,’ economy minister warnsRussia media reported Economy Minister Maxim Reshetnikov delivered the warning at the St. Petersburg International Economic Forum, the annual event designed to court investors.WorldJun 19
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Russia’s ruble has plunged amid fresh sanctions as wartime economy strainsRussia's central bank said on Wednesday it would stop foreign currency purchases for the rest of the year after the ruble weakened beyond 110 rubles to the U.S. dollar.WorldNov 27, 2024
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Russia’s central bank hikes interest rate to 12% as ruble dipsThe Russian currency passed 101 rubles to the dollar on Monday, losing more than a third of its value since the beginning of the year.WorldAug 15, 2023
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Russian ruble sinks to lowest level since the start of Ukraine warOn Monday, the Russian currency passed 101 rubles to the dollar, continuing a more than 25% decline in its value since the beginning of the year.WorldAug 14, 2023
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Australia will ban Russian gold imports, give more armoured vehicles to Ukraine, PM saysPrime Minister Anthony Albanese said Australia would give Ukraine 14 more armored personnel carriers and 20 Bushmaster vehicles amid Russia's war.PoliticsJul 3, 2022
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Russia’s economy has avoided collapse so far, but trouble is looming. Here’s whyWhile Vladimir Putin declares victory over the West's "economic blitzkrieg," experts say trouble is around the corner amid dwindling reserves and further sanctions.WorldApr 23, 2022
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West shifting from sanctions to Ukrainian military aid as war intensifies: expertsExperts say the few hard-hitting sanctions remaining for NATO leaders to consider next week are not feasible, leaving military aid as a better strategy.WorldMar 19, 2022
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Burger King says business partner ‘refused’ to end operations in RussiaBurger King's attempts to pull out of Russia amid its conflict with Ukraine are being stymied by an uncooperative business partner running its operations there, its parent says.EconomyMar 18, 2022
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Will there be a ‘tipping point’ for Putin as businesses exit Russia? Experts doubt itThe exodus of Western brands and major industries over Moscow's invasion of Ukraine will hurt the average Russian more than sway Putin, experts warn.WorldMar 9, 2022
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Russia outlines options for foreign firms: stay, leave or hand over the keysCompanies around the globe grappled with a dilemma over what to do with their Russian investments on Friday as Moscow laid out their options.WorldMar 4, 2022
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