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After weaponising gas supplies, the Russian president is now on the back foot as prices fall
Country’s oil and gas revenues surged last year but Putin warns of risk of ‘budget problems’ in 2023
Volumes only fell by 10 per cent despite analysts’ predictions of a collapse in shipments after start of Ukraine war
Russia’s minister of finance admits to worsening public finances
China and Russia have been large accumulators of the precious metal in 2022, analysts say
Decree may permit sales of crude products even if importers comply with sanctions introduced by Ukraine’s allies
Once thought of as reformers, the president’s economic confidants have ended up as enablers of an invasion they warned against
Western sanctions steadily degrade Russian economy
Rather than provoking a dramatic collapse, international sanctions are causing a steady degradation of the country’s productive capacity
EU tries to get agreement over line after months of talks, in effort to curb Kremlin fuel revenues
Western sanctions after invasion of Ukraine contribute to sharpest downturn since pandemic
Interest rate remains at 7.5% as policymakers end cycle of successive cuts
Co-ordinated reaction from western allies aims to punish Moscow for moves to annex parts of Ukraine
Central bank warns rates are unlikely to fall further in the months ahead
Russia is unbowed by sanctions, Russian president says in Kaliningrad
Hopes for Russia seem to lie in ruins but the last Soviet leader’s achievements were real
Loss of western technology and components will be crippling over time
Reduction of 150 basis points suggests central bank believes economy is weathering western sanctions better than feared
Cartel says it may need to produce 32mn barrels of crude per day by end of 2023
Bills to support military will increase control over businesses as Moscow aims to withstand sanctions pressure
Export controls placed on supply of chips and hardware over Ukraine war dent economy’s prospects
The US will provide Ukraine with longer-range rocket systems
Russian state oil group enjoys crude price boon even as production suffers
Russian president says Moscow could end blockade of Odesa if sanctions are lifted
Currency rally shows sanctions over invasion of Ukraine are cutting the country from global trade
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