Vasily Astrov, expert on the Russian economy at the Vienna Institute for International Economic Studies, told Newsweek that ...

The worsening fuel shortage and increasing prices over the past two years have forced Moscow to apply temporary gasoline ...

Russia is set to spend 6.3% of its GDP on defense this year — a post-Cold War high.

The flow of goods in Manzhouli, China’s main border crossing with Russia, underscores increasingly close ties between the two ...

Russia's military-driven budget is under increasing strain as falling energy revenues, rising war costs, and economic ...

At this year’s St. Petersburg Economic Forum—a once-prestigious event that has grown increasingly insular—Russian economic ...

Russia's largest truck manufacturer, Kamaz, will reduce its working week to four days starting Aug. 1 due to a dramatic ...

Despite Western sanctions, Russia’s economy remains strong. From agricultural self-sufficiency to abundant raw materials, ...