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

Growth in Ukraine is projected to slow to 2% in 2025, assuming active hostilities persist throughout the year. In 2026, with an anticipated cessation of fighting, a strong recovery of 7% is expected,

The accelerated rate surpassed forecasts made by Ukraine's National Bank in November, which estimated that Ukraine would end 2024 at an annualized 9.7% inflation rate.

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,

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

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

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,

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.

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.

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.

Cabbage (+204%), carrots (+150%), potatoes (+96.6%), apples (+71.9%), beetroots (+71.3%), and butter (+40%) saw the highest price increases in 2024, according to the State Statistics Service (SSS), which monitors the basket of 54 basic goods and services.

Progress on inflation should stall this year” as fiscal, immigration and trade policies shift, caution Bank of America economists.