Russian President Vladimir Putin issued a scathing assessment of Europe’s economic trajectory, claiming the EU has been stuck in recession for three years ever since it abandoned Russian energy. Speaking at a public forum,

Russia's economy is seeing "continued cooling" with growth likely to remain at around 1% next year and business activity remaining weak for four to five quarters, a senior executive at Sberbank, the country’s largest lender,

Russia is now "a militarised, ‘two-speed' system in which the military-industrial complex and war rents prop up growth by draining resources from the private sector", claimed Anton Geraschenko.

Russian lawmakers have endorsed new tax hikes as Moscow tries to boost its economy during its almost four-year war with Ukraine.

Igor Sechin, one of the most influential men in Russia's energy sector, said on Tuesday that sanctions imposed by the United States, European powers and their allies on Russia and China will trigger an economic crisis in the West.

U.S. sanctions on Russia’s largest oil producers, Lukoil and Rosneft, have kicked in and are starting to test Moscow’s ability to sell crude, its economic lifeblood.

Kirill Dmitriev has emerged as a key player in drafting a new proposal to end Moscow’s war in Ukraine. But he is not a professional diplomat.

Here is a look at how U.S. sanctions on Russian oil firms Rosneft and Lukoil, which take effect at 1701 GMT on Friday, may affect the Russian foreign currency market.

Russians are starting to have to cut back on food, fuel and household goods as Vladimir Putin's invasion of Ukraine sends shockwaves through the economy. For years, the war in Ukraine, which the Kremlin has dubbed a "Special Military Operation", might have seemed a far-off problem for most Russians living in the world's largest country.