Russia has paused its plans to reduce subsidies for damper payments, Reuters reports. This move aims to ease the financial burden on consumers amid rising economic challenges and persistent inflation
Browsing: Russia economy
Russia’s private sector activity has plunged to its lowest point in three years, highlighting growing economic struggles amid persistent sanctions and escalating geopolitical tensions, reports The Moscow Times
War-weary Russian banks are now urgently seeking state bailouts as a growing mountain of bad loans accumulates under relentless economic pressure. This troubling development shines a spotlight on the deepening financial crisis within Russia’s banking sector, raising serious alarms about its overall stability
Russia’s economy faces a severe crisis as oil prices plummeted by 31%, marking a significant blow to President Vladimir Putin’s financial stability. The sharp decline raises concerns about the nation’s fiscal resilience and potential implications for global markets.