WASHINGTON Russia’s once formidable grip on the global economy is slipping as countries move rapidly to reduce relianc

China buys Russian oil and gas at steep discounts while supplying Moscow with machinery and electronics as Western sanctions tighten.

MOSCOW (Reuters) -Russia sees economic growth in 2025 slowing to 1.5%, far below the earlier 2.5% forecast, as high interest rates imposed to reduce inflation have stifled borrowing, Finance Minister Anton Siluanov told President Vladimir Putin on Wednesday.

Russia's economic growth rate is undergoing an expected slowdown this year, Russian President Vladimir Putin said on Monday. "This year, the growth rate of the Russian economy has passed the expected stage of slowdown.

Prime Minister Mikhail Mishustin offered a dark assessment of Russia’s economic and fiscal situation at a Cabinet meeting on Thursday. Even the pro-Kremlin Moskovskij Komsomolets newspaper struggled to whitewash Mishustin’s remarks, observing that the ...

VLADIVOSTOK, Russia (Reuters) -Sberbank CEO German Gref, one of Russia's most powerful bankers, warned on Thursday that the economy was stagnating and that unless the central bank slashed interest rates then the country would fall into recession.

The Russian-labeled candy bars are a reminder of how difficult it is to completely disconnect a major economy from the global flow of goods.

But Dr Gokay added that Putin was able to present this as a positive: “He stated that the Russian economy was stable, and contrasted it positively with slow growth in Europe. He acknowledged that growth was slow, but framed it as a strategic choice to preserve the economy’s quality and macroeconomic stability.