The Russian economy, driven by war expenditures and masking structural problems, is on the brink of stagnation. Although the ...

About half of Russia's military budget is off the books, according to Craig Kennedy, a former Morgan Stanley investment ...

Scott Bessent, Donald Trump's nominee for Treasury Secretary, said during a confirmation hearing Thursday that he is ...

After three years of war, strict sanctions, and dwindling oil prices, the odds are stacked against the Kremlin in 2025, a ...

The U.S. Treasury imposed sanctions on Gazprom Neft and Surgutneftegas, which explore for, produce and sell oil as well as ...

Oil and gas revenue is expected to account for around 27% of Russia's federal revenue in 2025, according to a draft budget ...

The reality is that the financial underpinnings of Russia’s war economy increasingly look like a house of cards — so much so that senior members of the governing elite are publicly expressing concern.

Mr Scott Bessent is a hedge fund manager and founder of Key Square Capital Management. Read more at straitstimes.com.

The Treasury Department announced Wednesday that it is amping up its sanctions against companies and entities involved in ...

Russia’s economy is expected to cool down in 2025 after leaving a year fighting inflation behind. The Russian economy is estimated to have wrapped up 2024 with a 3.9% growth, according to data ...

President Joe Biden's administration says it's expanding sanctions against Russia's critically important energy sector over ...

While Western sanctions have targeted Russia's economy and military production, loopholes have allowed Moscow to largely ...