Due to sanctions and falling oil prices, the Russian economy has begun a gradual transition from stagnation to recession.

Russia's oil price in roubles has fallen to a two-year low below the 4,000 rouble per barrel mark and some 40% lower than ...

The Kremlin said oil prices do not affect its national security decisions after U.S. President Donald Trump linked lower ...

Oil prices play a crucial role in Russia's budget and the Russian economy overall, but Russian national interests take ...

Russia is considering changing its key budget-building mechanism in response to sliding oil revenue, in a sign the Kremlin ...

Russian stocks closed mostly flat on Saturday, with the MOEX Russia Index ending the day unchanged at 0.00%. Investor ...

A staged reading of Cassandra -- the iconic poem by Ukrainian literary legend Lesia Ukrainka -- takes place in the Ukrainian ...

"I think Russia, with the price of oil right now, oil has gone down, we are in a good position to settle, they want to settle ...

New data has suggested that Russian oil and gas revenue has seen a slump. Money raised decreased by more than 10% year on ...

A price drop benefits any country seeking to cut its fuel bill. But in oil producing nations, lower prices can feed economic ...

The OPEC+ oil cartel, which is de facto led by Riyadh, has increased production—causing barrel prices to hit a four-year low.

US President Donald Trump said that with a decline in oil prices, Russia is becoming more inclined to resolve the conflict as ...