"I will be 100% on board with taking sanctions up," Treasury Secretary-pick Scott Bessent told lawmakers on Thursday.

Inflation in Ukraine accelerated to 12% in 2024, exceeding forecasts made by the country's National Bank, Ukraine's statistics service Derzhstat announced on Jan. 10. The Ukrainian economy has undergone harsh conditions with the onset of Russia's full-scale invasion of Ukraine in 2022.

Inflation in Russia accelerated in 2024, official statistics published Wednesday showed, as the costs of Moscow's full-scale offensive on Ukraine weigh on the domestic economy. The cost of butter rose by 36 percent over 2024,

From reducing inflation to cutting spending painlessly to immediately ending Russia’s war with Ukraine, the president-elect is waging a quiet tactical retreat.

Eastern European nations confronting a plethora of economic threats fuelled by war on their doorstep may face fresh pressure if peace is reached in Ukraine - from tight labour markets that fuel inflation thanks to an exodus of Ukrainian workers.

Inflation in Russia accelerated in 2024, official statistics published Wednesday showed, as the costs of Moscow's full-scale offensive on Ukraine weigh on the domestic economy. The Kremlin has ...

The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year.

A Russian official said a recent oil spill in the Black Sea was unprecedented and could have been avoided, highlighting the age of the vessels involved.

The central bank has the power to maintain stable prices, and there is more to the President-elect’s economic policy than tariffs.

With just days left before handing over the keys to the US government, the Biden administration is making a last-ditch effort to seize hundreds of billions of dollars in Russian assets as future negotiating leverage for Ukraine,

The Biden administration on Friday targeted Russia’s energy sector, including its oil industry, with some of its harshest sanctions to date meant to cut off funding for Moscow’s war against Ukraine.

Russian consumer prices grew by 9.52% last year compared to 7.42% in 2023, final statistical data showed on Wednesday, making the 2024 inflation rate the fourth highest in the last 15 years.