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.
Russia is only hours away from its first foreign default in a century
Russia is just hours away, after months of hovering around the edge of default, from a dramatic moment of the financial war that the US and other countries have waged
Russia Faces Fresh Bond Deadline Payment Test This Week
Russia is facing yet another bond payment test, and only days remain before it could default on its first foreign debt in over 100 years.