China buys Russian oil and gas at steep discounts while supplying Moscow with machinery and electronics as Western sanctions tighten.

MOSCOW (Reuters) -Russia sees economic growth in 2025 slowing to 1.5%, far below the earlier 2.5% forecast, as high interest rates imposed to reduce inflation have stifled borrowing, Finance Minister Anton Siluanov told President Vladimir Putin on Wednesday.

Prime Minister Mikhail Mishustin offered a dark assessment of Russia’s economic and fiscal situation at a Cabinet meeting on Thursday. Even the pro-Kremlin Moskovskij Komsomolets newspaper struggled to whitewash Mishustin’s remarks, observing that the ...

India and Russia unveil Vision 2030 roadmap, aiming for 100 billion dollar trade, deeper energy ties, and new connectivity corridors after Modi-Putin summit.

They stressed co-production and co-innovation, expansion of the export basket, finalizing an FTA with the Eurasian Economic Union, and revitalizing connectivity projects.

India gave Russia's leader a warm welcome in his first visit since his country invaded Ukraine. The visit in part signaled India's defiance of the U.S., which has punished New Delhi for buying Russian oil.

VLADIVOSTOK, Russia (Reuters) -Sberbank CEO German Gref, one of Russia's most powerful bankers, warned on Thursday that the economy was stagnating and that unless the central bank slashed interest rates then the country would fall into recession.

The Trump-Putin summit in Alaska ended with no peace deal, which was not a surprise. However, we suspect that an agreement to end the fighting will happen within the next few months, because there are strong incentives for all parties to bring the ...

But Dr Gokay added that Putin was able to present this as a positive: “He stated that the Russian economy was stable, and contrasted it positively with slow growth in Europe. He acknowledged that growth was slow, but framed it as a strategic choice to preserve the economy’s quality and macroeconomic stability.