Russians are going to the polls in a parliamentary election, expected to give the ruling United Russia party even greater dominance of the lower house.
Rosneft's quarterly net profit fell by 75 percent as crude oil prices declined, but Russia's top oil producer also blamed heavy investment in the period.
Russian President Vladimir Putin has tried to reassure ordinary Russians about the state of the country's economy.
Russia's central bank has left its main lending rate at 11 percent and signalled that it is not looking at cuts to the cost of borrowing anytime soon as it focuses on keeping inflation under control.
Russian car ,manufacturer Avtovaz has dumped its chief executive Bo Andersson after the Lada maker reported a record loss following slumping sales.
Russian central bank governor Elvira Nabiullina says the bulk of banking loans in Russia should be in roubles to minimise risks related to currency fluctuations.
The authorities in Moscow have defended their right to demolish small businesses they say are illegal and unsafe. Last week they sent bulldozers to
Russia is enjoying a tourism boom of Chinese visitors who have become the largest group of foreign visitors with numbers more than doubling last year compared with 2014.
Russia's economy is set to dip deeper into recession according to the latest central bank forecasts as the Kremlin looks at selling stakes in state owned companies.
Russia's economy contracted by 3.7 percent in 2015 according to the government statistics service in Moscow. They said retail sales fell by 10 percent and capital investment by 8.4 percent.
The rouble slumped to new record lows on Thursday, threatening more hardship for ordinary Russians, but the Kremlin denied the currency was collapsing.
Russia has put into force measures to keep a closer eye on exchanges from rubles to foreign currency. The Russian Central Bank has decreed that
Russian crude oil exports to Asian countries have increased by almost a quarter this year according to data compiled by Reuters. Sales rose 23
The Russian President Vladimir Putin on his first visit to Iran in eight years has held talks with Supreme Leader Ali Khamenei. Ostensibly for a
Russia’s central bank has cut its main lending rate by one percent as inflation slows and the economy struggles. After a scheduled monetary policy
Sanctions-hit Russian bank Sberbank has reported better-than-expected profits, even if they are 58% down on the previous year. Sberbank made a Q1
Russian President Vladimir Putin, hosting a business forum in Moscow, has told domestic industries they should expand before western sanctions are
With the rouble at a six-month high Russia’s central bank has resumed buying foreign currency, a sign the government thinks it’s high
Concerning everything Russians want to know about their president’s worldview, once a year, Vladimir Putin accepts their questions, sent through a
Today sees the introduction of the Russian national payment card. The move is a response to global sanctions imposed against Russia by the EU and
The collapse of Russia’s rouble has triggered protests by people trapped in dollar-dominated mortgages. On Sunday, members of the Russian Foreign
Russia’s slide into recession has predictably hit European tourism and luxury goods firm hard. Despite making dramatic reductions and cost-cutting
Russia will dip into its emergency reserve fund to the tune of more than 50 billion dollars to stop its deficit, hit by falling oil prices and a
Ratings agency Moody’s has downgraded Russia’s sovereign rating to below investment grade or junk status, citing the impact from the Ukraine crisis
The collapse of the rouble, caused in part by EU sanctions against Russia over its alleged support for Ukrainian rebels, has had an impact on parts
Teija Tiilikainen, Director of the Finnish Institute of International Affairs, about Russian-Finnish relations, impact of economic sanctions and
Russia has announced an “anti-crisis” spending plan to bail out its economy which has been battered by Western sanctions and falling oil
There was a muted reaction on Russia’s financial markets to Monday’s downgrade of the country’s sovereign credit rating by the Standard & Poor’s