The Latest Breaking News from Chris Weafer

The Russian currency has stabilized after dipping below 100 rubles to the U.S. dollar — but that doesn't mean the pressure is off Russia's economy

The world’s reserve currency is facing a challenge from Global South countries who want options beyond the greenback.

Paris (AFP) - Six months after Russian forces launched what they hoped would be a blitzkrieg invasion of Ukraine, the conflict has turned into a grinding campaign of daily air strikes and battles with no clear endgame in sight.

Russia's economy is weathering sanctions over the war in Ukraine, but tough times may be ahead, according to an assessment from experts.

Russia appears to have defaulted on its foreign debt for the first time since the 1917 Bolshevik Revolution, and the U.S. and its allies are taking aim at the former Soviet Union’s second-largest export industry after energy — gold

Moscow (AFP) - At his garage in the south of Moscow, 35-year-old mechanic Ivan is starting to worry.

The European Union has agreed to slash Russian oil imports in a tough escalation of the bloc’s campaign of sanctions to punish Russia for its invasion of Ukraine

When Vladimir Putin announced Russia's invasion of Ukraine, the war seemed far away from Russian territory

Hundreds of foreign brands have suspended operations in Russia since the invasion of Ukraine began