Russian economy meltdown with 'moment of truth' and 'major bankruptcies' looming
Putin is increasingly having to dip into Russia 's National Wealth Fund, whose reserves have plummeted almost 74% from £94 billion to just £25 billion, since the beginning of the war. A further problem for the Kremlin is the rouble's plunge in value, which is adding to inflationary pressure.
"As the risk of a financial crash rises, Russia’s imperiled economy is about to pose serious constraints on Putin’s war." ...
Russia has suffered a major economic setback, after China and India halted their purchases of Kremlin oil. Oil and gas ...
Russian President Vladimir Putin is reportedly worried about the state of the country's economy amid threat of tariffs from ...
Domestic activity has become strained in recent months by labour shortages and high interest rates introduced to tackle ...
Poland's president has said that gas flows from Russia to Western Europe should never be restored, even if Russia and Ukraine ...
Russia's latest economic data showed it had a strong 2024 and decade-high budget revenues in December. But economists say ...
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
Just one week into his presidency, U.S. President Donald Trump has hinted at his approach to U.S. sanctions on Russia. First, ...
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