Russia's inflation has reached 9.5% this year, according to new weekly data showing that the consumer price index rose by 0.33% in the week leading up to Dec. 23, the statistical agency Rosstat reported on Wednesday.

“What could be more inhuman?” Before dawn on Wednesday, Russia directed more than 70 cruise and ballistic missiles and 100 strike drones, Ukrainian officials said. As rescue workers and energy repair crews raced to assess the damage in the ...

Pope Francis has called for negotiations between Ukraine and Russia to end the war triggered by Russia's invasion of Ukraine in 2022. In his traditional Christmas Day address, the Pope said "boldness [was] needed to open the door" to dialogue "in order to achieve a just and lasting peace" between the two sides.

Russia's economy will be under major strain in 2025, economists told BI. One said stagnation was similar to the USSR at the start of the 1980s.

A Russian court case involving a compensation claim against Austria's Raiffeisen Bank International (RBI) will continue in the second half of January, judicial authorities and the lender said on Wednesday.

Russian companies have begun using bitcoin and other digital currencies in international payments following legislative changes that allowed such use in order to counter Western sanctions, Finance Minister Anton Siluanov said on Wednesday.

Despite the war, Russia has long had a deal in place to transit its gas exports via Ukraine to Europe.

Russia is ready to continue gas exports to Europe through several routes just as a contract to transit the fuel via Ukraine is expected to end this year, Deputy Prime Minister Alexander Novak said.

The sinking of a Russian cargo ship that was sent to Syria to collect weapons was an "act of terrorism", the vessel's owner says.

Russia’s Finance Minister Anton Siluanov has revealed that the country uses Bitcoin for international trade. Bitcoin transactions can reduce Russian firms’ reliance on dollars and SWIFT payments. Cryptocurrency provides an alternative payment ...

At least one person was killed and Ukrainian Vice Prime Minister Oleksii Kuleba said that heating was disrupted for 155 residential buildings.