The Russian economy, driven by war expenditures and masking structural problems, is on the brink of stagnation. Although the ...

About half of Russia's military budget is off the books, according to Craig Kennedy, a former Morgan Stanley investment ...

The presidents of Russia and Iran have signed a broad cooperation pact to deepen their partnership amid stinging Western ...

Vladimir Putin’s war efforts have hit a humiliating low as some estimates reveal he has lost around 800,000 men in Ukraine ...

Vladimir Putin is reportedly considering proposals to freeze Russian bank accounts and introduce food rationing in an attempt to prevent an economic collapse. Russians have been hit hard by rising ...

Lithuania’s president says his country has made the decision to raise its spending on defense to between 5% and 6% of overall ...

In the meantime, the war economy might also require price controls and rationing — the old Soviet sins. As the risk of a financial crash rises, Russia's imperiled economy is about to pose ...

Scott Bessent, Donald Trump's nominee for Treasury Secretary, said during a confirmation hearing Thursday that he is ...

The amount of Russia's military spending that is funded through a shadow financing scheme could be equal to its official ...

The plunging Russian currency, the ruble, has added to inflationary pressures in Russia, British officials have said, as the ...

Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax ...

The treasury secretary nominee said he has no qualms about tightening sanctions against Russia and Russian energy products if Trump is in favor of doing so.