Researchers at Yale University say the Russian economy is suffering massive damage due to Western sanctions but Moscow is downplaying the effects

A day after a US ratings agency downgraded ?Russia to "junk" status, the country’s index fell by 3%. Russia could also face new sanctions.

Russians are frustrated with the continued fall of their currency. For some, investing in valuables is the solution.

Russian President Vladimir Putin backs the central bank’s move to hike interest rates amidst warnings that it will send the country into a recession.

A ploy to soften up Russia and Iran might inflict collateral damage on its own shale industry.

The Russian rouble plunged to its lowest level against the American dollar in 11 years this week as oil prices plummet and economic activity slows.