This growth was largely fuelled by increased levels of government spending, particularly in the military sector. According to ...

At first glance, the Russian economy appears surprisingly resilient to Western sanctions. In 2023, the gross domestic product grew by 3.6%, and a growth of 3.9% is expected in 2024. Unemployment ...

Russia’s economy may continue to shrink in 2023. Its GDP is forecast to decline by 2.5% in the worst-case scenario (OECD) or by 0.2% according to the World Bank. The IMF expects growth in 2023 (0.7%).

More than one-quarter of the world’s wheat exports come from Russia and Ukraine. Economic sanctions or military action may have a significant effect on the cost of food as importers seek to find ...

America alone has imposed nearly 6,500 penalties since February 2022, when Russia’s full-scale invasion of Ukraine began.

The Russian economy reached a size of 200 trillion rubles ($2.37 trillion) in 2024, growing six times faster than Europe, Prime Minister Mikhail Mishustin said on Wednesday. Saying the driving ...

Russia's GDP is set to fall by at least 50% in 2025, as the economic crisis in the country continues to gather pace. Businesses and consumers have been hit hard in recent months by the double ...

MOSCOW, February 7. /TASS/. Russian economic growth in 2023 turned out to be the highest over the last decade, excluding the post-COVID period, the Ministry of Economic Development says in its review.