The Russian economy is said to be facing recession as the Kremlin tries to "disguise and dismiss" the impact of sanctions.

Oil prices barely budged on Monday as traders eyed the impact of new European sanctions on Russian oil supply, rising output from Middle East producers and concerns about fuel outlook as tariffs ...

Ukraine's destruction of Russia's drone factory marks a potential turning point in the war. Analyzing the impact on drone ...

Sanctions from the European Union and United States have devastated Russia’s coal sector, causing billions in losses, ...

The war’s impact has dampened the outlook for global economic growth, which fell below the two-decade average of 3.8% based on the annual World Economic Outlook to 3.4% in 2022 and is expected ...

Former Russian President Dmitry Medvedev on Friday predicted the Russian economy would withstand the European Union's latest ...

Russia’s attack on Ukraine Wednesday means the conflict will take a bigger toll than believed on the U.S. economy as it drives oil prices and inflation higher and intensifies supply chain snarls.

The Organization for Economic Cooperation and Development (OECD) says Russia's war in Ukraine, now in its eighth month, will have a greater impact on the global economy than previously expected.

BRUSSELS -- The European Union approved on Friday a new raft of sanctions against Russia over its war on Ukraine, including a ...

Feb. 15 (UPI) --Europe is facing strong economic headwinds. Record inflation, the need to recover from the pandemic, and a divided response to Russian troop deployments along the Ukraine border ...

Russia’s Ukraine invasion could be a global economic ‘game changer’ Soaring gas prices and rapidly shifting trade decisions suggest events of the past two weeks will be felt everywhere for years ...

A potential Russian invasion of Ukraine could negatively impact the pocketbooks of average Americans, who are already facing higher prices and rising inflation. Moscow’s saber-rattling has led ...