The 1998 crisis worsened the situation, as a global recession and falling commodity prices led to fiscal imbalances and doubts about Russia’s ability to service its debt and uphold the fixed exchange rate. The central bank raised interest rates to 150% to try and stabilise the rouble, but this failed.

Ukrainian forces are bracing for another major frontline assault from Russia after learning of a large build-up of pre-battle troops in the north east.

President Vladimir Putin said on Friday that Russia needs to strengthen its position in the global arms market by increasing exports of weapons. Europecategory· May 21, 2025 Putin visits Kursk ...

The European Union and Britain on Tuesday rolled out a sweeping set of sanctions targeting what they call Russia's "shadow fleet", a covert network of tankers used to secretly move Russian oil across the globe.

Speculation is mounting that Russian leader Vladimir Putin's grip on power may be slipping, with experts predicting his reign could end in assassination due to the calamitous conflict in Ukraine.The septuagenarian autocrat has reportedly tightened security protocols and become rarely seen outside the confines of his Kremlin sanctuary,

Donald Trump and Vladimir Putin spoke about the war in Ukraine and the two countries' relationship, but did not set out a timeline for a ceasefire, with Trump reportedly making a promise to Putin abou

Karoline Leavitt skirted a question from Fox News' Peter Doocy about whether Russian strongman Vladimir Putin is the "good guy or the bad guy." The post Karoline Leavitt Dodges Peter Doocy’s Question About Whether Vladimir Putin Is the ‘Good Guy or the Bad Guy’ first appeared on Mediaite.

Vladimir Putin has until midnight to agree to a 30-day ceasefire with Ukraine or leading European states, including the UK, will impose new sanctions against Russia, the German government's spokesman has said.

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The White House disputes the officials’ account, saying Trump believes Russia is winning in Ukraine but still wants peace.

A new report has found that Russia's relentless campaign to attack Ukraine has now targeted the country's grain supplies