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,

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.

We had one chance to sink the Russian economy and we blew it – Putin knew we would - COMMENT: Despite Europe’s pledge to stand side by side with Ukraine, many of Zelensky’s allies couldn’t stomach the one sacrifice it would take to cause Putin real harm: to give up his oil and gas completely,

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.

Noting India's rapidly growing economy and initiatives like 'Make in India' that have opened up new windows for foreign businesses, Jaishankar said that these dimensions represent an invitation for Russian companies to engage more. "An India with a GDP of ...

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.

In particular, cutting off the “shadow fleet” of tankers that deliver Russia’s oil under the radar would send the war economy into a “deep financial crisis,” according to Robin Brooks, a senior fellow at the Brookings Institution and former chief economist at the Institute of International Finance.

Russia's war machine has become such an integral part of its economic engine that its military industry is likely to keep expanding even after the fighting in Ukraine ends, according to a report ...

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.

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