The Latest Breaking News from Chris Weafer

Russia’s ruble is sagging against other currencies, complicating the Kremlin’s efforts to keep consumer inflation under control with one hand even as it overheats the economy with spending on the war against Ukraine with the other

The Russian currency has stabilized after dipping below 100 rubles to the U.S. dollar — but that doesn't mean the pressure is off Russia's economy

The Russian ruble has fallen a long way in recent months, and the country's central bank is stepping in to halt the slide

Russia's economy is weathering sanctions over the war in Ukraine, but tough times may be ahead, according to an assessment from experts.

Russia appears to have defaulted on its foreign debt for the first time since the 1917 Bolshevik Revolution, and the U.S. and its allies are taking aim at the former Soviet Union’s second-largest export industry after energy — gold

The European Union has agreed to slash Russian oil imports in a tough escalation of the bloc’s campaign of sanctions to punish Russia for its invasion of Ukraine

When Vladimir Putin announced Russia's invasion of Ukraine, the war seemed far away from Russian territory

Hundreds of foreign brands have suspended operations in Russia since the invasion of Ukraine began