A new report suggests that Russia’s economic strength is “misleading” as the country, under heavy Western financial sanctions ...

The 1998 crisis worsened the situation, as a global recession and falling commodity prices led to fiscal imbalances and ...

A leading economist has been telling EU finance ministers that Russia’s economy is under growing strain as its invasion of ...

The United States and its allies have imposed broad economic penalties on Russia over its war in Ukraine. As the conflict ...

The catalyst for the recent currency crisis seems relatively ... imposed new restrictions on around 50 Russian banks, including Gazprombank, the financial arm of the giant state gas firm that ...

In contrast, Russia — like much of the world — faced a credit crunch due to the fallout from the US subprime mortgage crisis in 2008, which ultimately led to the Global Financial Crisis.

Netherlands joins seven other EU countries in raising alarm about emergency shelters and lack of co-ordination ...

The ruble also emerges, amid political and financial crisis, as a potential instrument of Russian democracy—yet its history ultimately demonstrates how a currency can become a primary tool for ...

Russia was in demographic decline long before the war in Ukraine. Now it’s in free fall.

It would mark the first time Russia has defaulted on its sovereign debt since the Russian financial crisis in 1998. The US Treasury Department last month ended Russia’s ability to pay its ...