For a normal country, a budget deficit of 2% of GDP would be of no concern. But Russia is not a normal country.

The Russian Central Bank's decision to raise interest rates to their highest level in two decades has so far failed to slow ...

Elvira Nabiullina, the governor of Russia's central bank, has hiked the key interest rate to 21% to combat inflation in the country's red-hot, war-driven economy.Vladimir Pesnya/Epsilon/Getty ...

Russia attempted to use the Akkuyu Nuclear Power Plant (NPP) project in Türkiye in 2022 to create an "offshore dollar reserve ...

Hit by a triple whammy of soaring loans, plummeting sales, and evaporating state support, many small-and medium-sized companies (SMEs) are teetering on the verge of disaster.

Russia's Central Bank has dismissed rumors that it would act to freeze the deposits of citizens lured by sky-high interest rates.

The Central Bank of Russia has taken to Telegram to publicly dismiss rumors that its citizens' bank deposits may be frozen. The bank wrote in a Telegram post on Monday that the idea that retail ...

They include Sergei Chemezov, chief executive of state defence giant Rostec, who warned that expensive credit was killing his weapons export business, and Elvira Nabiullina, head of the central bank.

The concerns came after Elvira Nabiullina, the governor of Russia's central bank, hiked rates to 21% late last year in a bid to cool soaring inflation — an economic pain point President Vladimir ...