Russian lawmakers endorsed new tax hikes on Tuesday as Moscow looks for new revenue sources to boost its economy during its nearly four-year war with Ukraine. Legislators in the lower house of parliament,

Oil prices fell about 2% on Friday to a one-month low as the U.S. pushed for a Russia-Ukraine peace deal that could boost global oil supplies, while uncertainty over U.S. interest rates curbed investors' risk appetite.

The Kremlin has increased consumer taxes and fees to fill state coffers, squeezing small businesses and households.

The leaders of Ukraine's Ministry of Finance, the National Bank of Ukraine, and experts from the International Monetary Fund have started discussions on a new financial cooperation program. — Ukrinform.

The Russian economy might face threats as Trump supports Senator Lindsey Graham's bill that would impose tariffs of up to 500 percent on Russian oil imports. Will these measures end the war in Ukraine?

The plan calls for major concessions from Ukraine including granting Russia some of the major demands it has made repeatedly since it launched a full-scale invasion of its neighbor nearly