Russia's federal budget deficit rose sharply to 4.9 trillion rubles ($61.4 billion) by the end of July, the Russian Finance ...

Hit by falling oil revenues and Western sanctions, growth in the country has slowed while the budget deficit has exploded.

Russia's seven-month budget deficit exceeded the target for the entire year by a quarter, Finance Ministry data showed on ...

The Russian economy was slowing even before President Trump’s latest threats. But the Kremlin has enough money to keep ...

In July, Russia collected 787.3 billion rubles, or $9.8 billion, from oil and gas revenue — 27% lower than a year ago.

Pro-Kremlin figures view the summit as the prelude to lifting sanctions and absolving the Russian army for war crimes ...

Fossil fuel revenues form the backbone of Russia's economy, which has been buffeted by sanctions following Vladimir Putin's full-scale invasion of Ukraine.

The finance ministry originally thought oil and gas revenues would hit 10.94 trillion rubles by the end of 2025, but this was ...

President Donald Trump threatened additional tariffs if Russia does not move forward on an agreement to end the war with ...

President Trump accused India of aiding Moscow’s war on Ukraine by purchasing Russian energy, derailing trade talks between ...

Execs at some of Russia's big banks have discussed approaching the central bank for a bailout, Bloomberg reported this week.

Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin addressed a news conference on Friday after ...