Russia’s economy is heading toward stagnation rather than a “managed slowdown,” the World Bank said in its latest forecast, cutting its growth outlook and warning that output is unlikely to rise more ...

Russia's central bank on Friday cut its sky-high interest rates for the first time since September 2022, in a sign that inflation pressures — not long ago described by President Vladimir Putin as ...

The Bank of Russia opted for a smaller interest-rate cut than expected despite calls for more aggressive monetary easing due to the cooling economy, and warned budget policy would impact future ...