The Russian economy is balancing on the edge of recession, yet the war could go on for years. Its financing appears to have ...

After months of restraint, President Trump’s move to blacklist Lukoil and Rosneft will hit Russia where it hurts.

After years of insulation from the effects of Vladimir Putin’s war, Russia’s economy is finally starting to take a hit.

"The Russian economy is a wartime economy. Growth is virtually zero," U.S. Treasury Secretary Scott Bessent told CBS News.

Days after canceling a planned summit with Putin, citing a lack of progress toward ending the war in Ukraine, Trump took a ...

U.S. Treasury Secretary Scott Bessent said that Vladimir Putin’s envoy Kirill Dmitriev is a Russian propagandist who lies ...

Ukraine sent drones towards Moscow for the third consecutive night and targeted several other Russian regions, disrupting air traffic throughout the country and threatening an industrial plant in ...

The impact of President Donald Trump’s attempt to financially choke Moscow’s war machine by imposing sanctions on Russian oil firms was instant; not on the battlefield in Ukraine, but in the offices ...

The president has slapped fresh restrictions on Russia’s two largest oil companies, in response to what he calls Vladimir ...

After nine months of attempting to coax Russia into concessions using only incentives, the Trump administration in an unexpected reversal announced “massive sanctions” Wednesday on Moscow’s two ...

Last month, it was also claimed that Russia has lost some 486,000 businesses since 2022, leaving the country with 3.17 ...

China, which promptly denounced Trump’s decision, imported some 100 million tonnes of Russian crude oil last year, accounting ...