Ukraine's central bank raised the main interest rate to 14.5% to curb inflation, challenging economic recovery amid war with Russia. Inflation hit 12% in December, driven by rising costs and power ...

Ukraine’s central bank, the National Bank of Ukraine (NBU), increased the key interest rate from 13,5% to 14,5%, raising concerns after inflation spiked above the forecast. NBU announced the decision ...

Domestic activity has become strained in recent months by labour shortages and high interest rates introduced to tackle inflation, which has accelerated under record military spending.

Russia has given its first response to Donald Trump’s ultimatum calling on Vladimir Putin to engage in peace talks or see his ...

Three years after launching his “special military operation” in Ukraine, Russian President Vladimir Putin faces a looming ...

Below are the five key challenges for the Russian economy in 2025: Russian annual inflation reached 9.5% in 2024, driven by ...

It comes as new US President Donald Trump warned this week that Putin could expect “high levels of taxes, tariffs, and ...

Russia has hiked defence spending to a post-Soviet high of 6.3% of GDP this year, accounting for a third of budget ...

President Vladimir Putin has grown increasingly concerned about distortions in Russia's wartime economy, just as Donald Trump ...

DEEP DIVE — Nearly three years into its costly war against Ukraine, Russia’s economy is faltering under the strain of ...

The Kremlin wants to create an impression that its economy is performing well, but security analysts say the Russians are failing to account for the country’s “unsustainable” levels of defense ...