Putin’s attempt to take over industry brings the country back to its Soviet-era command economy.
Kremlin slashes spending by £24bn
As sanctions against Russia by the West bite, the Kremlin is set to reduce future spending plans by £24bn
Russia Defaults on Foreign Debt for First Time in 100 years
Russia defaulted on its foreign currency sovereign debt for the first time in 100 years, the culmination of ever-tougher Western sanctions which shut down payment channels to overseas creditors.
Moody’s suggests Russia could be in default
Moody’s suggested Russia could be in default after it attempted to service dollar bonds in Russian rubles. This would be one of the most severe consequences of Moscow’s exclusion from