Inflation in Ukraine accelerated to 12% in 2024, exceeding forecasts made by the country's National Bank, Ukraine's ...

Russia has hiked defence spending to a post-Soviet high of 6.3% of GDP this year, accounting for a third of budget ...

Alexandra Prokopenko is a Fellow at the Carnegie Russia Eurasia Center in Berlin. She worked at Russia’s central bank until ...

Donald Trump just claimed Vladimir Putin is “destroying Russia ” by not making a peace deal with Ukraine. Speaking to the ...

"I will be 100% on board with taking sanctions up," Treasury Secretary-pick Scott Bessent told lawmakers on Thursday.

Russia recorded in 2024 a budget deficit exceeding three trillion rubles for the third consecutive year, soaring to 3.49 trillion rubles ($34.39 billion), according to the country's finance ministry.

Inflation in Russia accelerated in 2024, official statistics published Wednesday showed, as the costs of Moscow's full-scale offensive on Ukraine weigh on the domestic economy. The Kremlin has ...

After almost three years of waging war in Ukraine, Russia is feeling the full ... according to a draft budget viewed by Bloomberg. Russian inflation is also soaring, with consumer prices rising ...