A man smokes outside a currency exchange office while an electronic information panel shows the latest exchange rates, in Moscow. Photograph: EPA/Yuri Kochetkov

With the latest surge in bloodshed in Ukraine and tightening of western sanctions, the country’s crisis seemed to lurch, not closer to a resolution bu(...)

Red Square, Moscow: Russian president Vladimir Putin and his allies are not expecting Russians to survive on patriotism alone. Photograph: Maxim Shemetov/Reuters

With no end in sight to a slump in oil prices that halved the rouble’s value against the dollar last year, Russia has urged its people to tighten thei(...)

 Russian prime minister Dmitry Medvedev.  The amendment to the law listing medical impediments to driving was signed by him  at the end of last year, but only published this week.    Photograph: Alexey NIkolsky/Ria NovostI/Kremlin pool

Transgender people have been banned from driving in Russia, according to a new legal amendment published this week. The regulations, which affect pe(...)

Russian President Vladimir Putin has asked his cabinet ministers to not take holidays this New Year as Russia prepares for recession. Photograph: Alexei Druzhinin/Reuters

Russia’s president Vladimir Putin has scrapped New Year holidays for government ministers because of the unfolding economic crisis.Russian private sec(...)

The rouble fell to as low as 80 per dollar this month

The Russian rouble rose to a two-week high on Tuesday after the government and the central bank put pressure on large state-owned exporters to sell do(...)

 Vladimir Putin:  has utterly failed to diversify Russia’s economy during 15 years in power. Photograph: REUTERS/Maxim Zmeyev

Russia’s year began with a spectacular display of sporting prowess, organisational ability and, above all, financial muscle. The Winter Olympics in So(...)

Street cleaners walking in front of a currency exchange office in Moscow yesterday. Photograph: EPA/Maxim Shipenkov
Russia moves to prop up the rouble

Russia has taken steps to support the banking system and stem a sharp fall in the value of the rouble that is threatening to plunge the country into (...)

Pedestrians pass a neon sign displaying the latest Russian ruble euro dollar exchange rate outside a currency exchange bureau in Moscow, Russia, on Tuesday. The rouble sank to a record, deepening Russia’s currency crisis, as people scrambled to convert their money into dollars after a surprise interest-rate increase failed to shore up investor confidence. (Photograph: Andrey Rudakov/Bloomberg)

Russia has failed to halt the collapse of the rouble, leaving president Vladimir Putin facing a full-blown currency crisis that could weaken his iron (...)

A Ukrainian soldier on a military vehicle in Kramatorsk, near Slaviansk, Ukraine, yesterday. Photograph: EPA/Roman Pilipey

Members of Nato will supply arms to Kiev in its battle with separatist rebels, Ukraine’s president Petro Poroshenko has said, while claiming the co(...)

Cars produced by foreign automobile-makers at a dealership in Moscow. Russia may tighten sanctions against western nations to include a ban on imports of cars.

Russia may tighten retaliatory sanctions against western nations to include a ban on car imports if the US and the EU impose additional sanctions on M(...)