The Latest Breaking News from Kremlin

Fighting intensified on Saturday for Lysychansk, Ukraine's last bastion in the strategic eastern province of Luhansk, while blasts shook a southern city after the civilian toll from Russian strikes climbed in towns well behind the front lines.

The European Union’s executive arm has pledged to draft an emergency plan aimed at helping member countries do without Russian energy in the wake of the Kremlin’s war in Ukraine

Kremlin sets up new firm to own Sakhalin-2 plant, with stakeholders given a month to sign up or they could lose money

Citigroup Inc (NYSE:C) is in talks with local buyers in Russia over a potential sale of its operations in the country, the Financial Times reported, citing people familiar with the matter. The bank is in negotiations with privately-owned Russian companies, including Expobank and insurance company Reso-Garantia for the divestiture, the report said.…

Russia invaded Ukraine on February 24 in what the Kremlin is calling a "special military operation".

Russia’s recent default on its foreign debt – it’s first since 1918 – has been hailed as proof that the sanctions imposed by western governments since the invasion of Ukraine in February are working.

As Russia's military continues to pound Ukraine with missiles and other lethal weapons, Western nations have responded in part by targeting Russia's defense industry with sanctions. The latest round came on Tuesday, when the United States issued new sanctions on some arms makers and executives at the heart of what…

Russian missile attacks on residential areas in a coastal town near the Ukrainian port city of Odesa early Friday killed at least 19 people, authorities reported, a day after Russian forces withdrew from a strategic Black Sea island. Video of the pre-dawn attack showed the charred remains of buildings in…

A leading economic expert in Russia has been detained on embezzlement charges