Also last month, Sberbank CEO German Gref, one of Russia’s top banking chiefs, said the economy was in “technical stagnation,” And in June, Economy Minister Maxim Reshetnikov warned that Russia was “on the brink” of a recession.

Russia has grappled with a shrinking and aging population for decades, with President Vladimir Putin viewing it as a threat to national security.

As winter slows the pace of battlefield combat, Moscow and Kyiv are betting on campaigns against each other’s energy assets to break a stalemate in the conflict.

Waves of Russian missiles and drones battered Ukraine overnight on October 22, killing six people, including two children, and wounding dozens more. The large-scale bombardment occurred just hours after reports that a planned meeting between Russian President Vladimir Putin and U.S. President Donald Trump in Budapest, Hungary, had been canceled.

President Vladimir Putin said on Sunday that Russia had tested its Burevestnik nuclear-powered cruise missile. Here are some key facts about the weapon.

The Trump administration on Wednesday imposed sanctions on Russia’s two largest oil companies as it called on Moscow to agree to an immediate ceasefire in the war with Ukraine.

America’s latest sanctions on top Russian oil producers throw India’s lucrative energy strategy into disarray, leaving it to navigate soaring costs, disrupted supplies, and the politics of managing relations with Washington and Moscow.

Air raids hit Kyiv, Dnipropetrovsk region as Ukraine’s allies expand sanctions on Russia. Russian missile and drone attacks on Ukraine have killed at least four people and wounded several others, local officials say, as Kyiv’s allies push sweeping measures against Moscow as the war nears its four-year mark.

Under international law, sovereign assets cannot be confiscated, so the European Commission has put forward a plan

Hungary’s Prime Minister Viktor Orbán was delighted to learn last week that Russia and the United States had chosen his country as the venue for another summit on ending the war in Ukraine.

A residential building was damaged in Krasnogorsk, Moscow Oblast, amid a drone attack overnight on Oct. 24, local authorities claimed.