Russell was the second but eldest surviving son of Sir Henry Russell, 2nd Baronet, British 'Resident' at the court of Hyderabad in India, and his second wife, Marie Clotilde daughter of Benoit Mottet de la Fontaine, Baron Fieffé de St Corneille. He was educated at Eton College and entered the Grenadier Guards in 1847. Charles inherited the baronetcy and the family estate of Swallowfield Park in Berkshire in 1852. He became a lieutenant and a captain the following year and accompanied his regiment to the Crimea where he took part in the Siege of Sebastopol and the Battles of Alma, Balaclava and Inkerman. He was a 28-year-old Brevet Major in the 3rd Battalion in the latter battle when the following action took place for which he was awarded the VC. On 5 November 1854, BrevetMajor Russell offered to dislodge a party of Russians from the Sandbag Battery if anyone would follow him. A sergeant and privates, Anthony Palmer and another who was subsequently killed - were the first to volunteer. The party met much resistance and several times seemed to be on the point of annihilation but their skill, especially with the bayonet, finally brought success. Major Russell himself fought with great valour and in single combat wrenched the rifle out of the grasp of a powerful Russian. His citation read: His Victoria Cross is displayed at The Guards Regimental Headquarters, Wellington Barracks, London, England. He later achieved the rank of lieutenant colonel.
Politics
He was involved in politics and sat as Conservative as Member of Parliament for Berkshire from 1865 to 1868 and for Westminster from 1874 to 1883. Lord Salisbury as Foreign Secretary appointed Sir Charles as Chairman of the Peruvian Bondholders Committee. Its aim was to "stop Peru from contracting a fresh loan to buy munitions". More broadly the Europeans wished to delay US Navy assistance to Peru, which had already been defeated by the Chileans. Both Britain and France had large investments to protect: the rise of Peruvian bond stock, they contended was due to debt and military defeats. Britain refused to become embroiled; whereas the United States was spoiling for an international war. They secretly lobbied at Santiago against Russell and British interests to create a crisis. The Chileans "received with acclamation" in the City of London, assigning profits of Tarapaca mines and the nitrate-rich Guano Islands to the indebted bondholders. On this basis Russell welcomed Chile's conquest of southern Peru. The Americans responded, to the alarm of Foreign Office and Admiralty, by leasing the Peruvian port of Chimbote as a Naval base. Russell was more concerned with the financial implications for City investors. Wary of the risks of a proxy war, the bondholders urged Parliament to recognise General Yglesias, the new Peruvian leader. The Americans stubbornly refused to grant the new government of 1884 recognition of its international status, even after the Treaty of Ancon had ceased hostilities. He died unmarried on 13 April 1883 and was buried in the family vault beneath his family's transept in the Church of England church of Swallowfield, Berkshire. He was succeeded in the baronetcy by his brother, George.