The state-owned monopoly is planning on cutting spending by 20% in 2026 alone.

The Russian economy continues to falter as numerous industries suffer as a result of Western sanctions. This week, it was ...

The new reality has forced the Kremlin to raise taxes and increase debt, and hovers over peace talks with Ukraine.

MOSCOW (Reuters) -Russia's government is discussing different ways to prop up Russian Railways, the country's biggest commercial employer, which has built up a 4 trillion rouble ($50.8 billion) debt ...

The Russian government is exploring support options for Russian Post, burdened by a 140 billion rouble debt. The central bank's relaxed reserve requirements could aid its debt reduction efforts. CEO ...

An ancient story of investors trying to recover billions of dollars of debt Russia defaulted on after the last Tsar was overthrown in the October Revolution has come up again. Russia has called on ...

MOSCOW, Dec 26 (Reuters) - Russia's second largest bank ‌VTB maintained its net profit target ‌of 500 billion roubles ($6.4 billion) for 2025 after reporting results for January-November on Friday and ...

It oversees one of the world's biggest railroad networks, employing around 700,000 people and operating 85,000 kilometers of track that stitches together 11 time zones, carrying millions of passengers ...

Freight volumes plunge 9.4% as Russian Railways’ debt nears $45B. Sanctions, war, and industrial decline push the economy ...

According to Mikhail Mishustin, this makes it possible to continue implementing national projects, pursue efforts to achieve technological development goals MOSCOW, December 22. /TASS/. Russia’s ...