The Foreign Ministry warns such a scenario could materialize if Washington DC persists with its “rampant Russophobia” There is a real possibility that diplomatic relations between the US and Russia could be entirely severed, the Foreign Ministry in Mocow has warned. While Russia wants to avoid such a scenario, Washington’s insistence on confrontational policies makes…

Fragmentation will have severe implications for global trade and financial stability, Christine Lagarde warns Growing geopolitical tensions could accelerate the world economy’s deglobalization process, which would have far-reaching implications for all, European Central Bank (ECB) President Christine Lagarde warned on Friday.

The economy has largely recovered from last year’s sanctions-induced slump, according to VEB The Russian economy could expand beyond previous projections this year, Andrey Klepach, chief economist at the Russian state development corporation VEB.RF, predicted on Thursday.