News Russia: Russia’s shadow-fleet kingpin is back in business
Etibar Eyyub is back in business. Moscow’s shadow-fleet kingpin and premier oil trader was reeling until President Trump attacked Iran. Eyyub’s tankers had been boarded by French soldiers and attacked ...
News Russia: Russian ruble deposits in Georgian banks exceed ₾98.6 million – National Bank data
More than 3 billion Russian rubles are held in commercial banks operating in Georgia, with ruble-denominated deposits totaling ₾98.605 million ...
News Russia: Cash in Russia: The Return to Cash and the Reasons Behind Citizens' Choice
In an age of digitalization, Russians are returning to cash. Find out why and what the implications are for the country's economy.
News Russia: Russia cuts key interest rate for second time in a row as inflation outlook improves
Russia’s central bank on Friday cut the country’s key interest rate to 18%, citing falling inflation and slowing domestic demand. The bank also said that Russia’s domestic demand was slowing, a trend it attributed to “tight monetary conditions.” Russia’s key interest rate underwent a succession of quick hikes in 2023, skyrocketing from 9.5% in July to 16% at the end of the year as Moscow attempted to stave off inflation amid massive government military spending to power its war against Ukraine.
News Russia: Russia cuts interest rate to 17% as strains show in wartime economy
Russia's central bank cut its benchmark interest rate Friday by one percentage point to 17%, a step that could support the economy as growth slows and spending on the war against Ukraine increases the budget deficit. The bank’s inflation warnings in its policy statements underlined the stresses in the Kremlin’s wartime economy. The contrast between a rate cut and continued inflation warnings reflects serious frictions in the Russian economy.
News Russia: Oil Futures Advance on Russia Concerns, Weak Dollar
1452 ET – Oil futures rise for a third consecutive session with support from a weaker U.S. dollar ahead of the Fed’s expected interest-rate cut, and a jump in distillates on concerns about Russian ...
News Russia: Russia's ruble drops to more than a 2-year low against the dollar on fresh sanctions and surging tensions
The ruble extended a sell-off on Monday, dropping to the lowest level against the dollar since 2022. Investors were spooked after new sanctions were imposed on Gazprombank. Tensions with the West, ...
News Russia: Russia Considers Tax Breaks for Natural Gas Producers As Challenges Mount
The Russian government is discussing potential tax relief for Gazprom, which would likely be offset by increased taxes on other Russian natural gas producers. Gazprom has experienced significant ...
News Russia: Putin’s War Taxes Are Crippling Russia’s Oil Industry
See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. The tax burden on Russia's oil industry is severe and making production ...
News Russia: Russians Yank Billions From Banks Amid Kremlin Seizure Fears
Taras Skvortsov, chief financial officer at Sberbank, Russia's largest bank, has warned that the cash drain is creating liquidity problems across the banking sector. He attributed the pressure partly ...
News Russia: Russians ‘withdraw billions from banks over fears Putin will seize deposits for war’
Russian citizens are withdrawing billions of roubles from the country’s banks over fears that the Kremlin could seize deposits to fund the war in Ukraine. Analysts say fears that the Kremlin could ...
News Russia: War-weary Russian banks are reportedly eyeing state bailouts as bad loans pile up
Execs at some of Russia's big banks have discussed approaching the central bank for a bailout, Bloomberg reported this week.
News Russia: Russian financial watchdog adds Telegram founder Durov to 'extremists and terrorists' list
MOSCOW, July 30 (Reuters) - Russia's financial monitoring agency, Rosfinmonitoring, added Telegram founder Pavel Durov to its list of extremists and terrorists, according to a designation on the
News Russia: How Russia is building a crypto-powered shadow economy to dodge sanctions
You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Russia has quietly developed a crypto-fueled network of payments systems that's helped it evade ...
News Russia: Pakistan-Russia Relations Mark Shifting Sands in South Asia
Russian Prime Minister Mikhail Mishustin holds a meeting with Pakistani Prime Minister Shehbaz Sharif in Islamabad, Pakistan, Oct. 16, 2024. The geopolitical discourse within and about South Asia is ...
News Russia: Russia warns South Korea against supplying weapons to Ukraine
SEOUL, Nov. 25 (UPI) --Russia's Deputy Foreign Minister Andrey Rudenko issued a warning to South Korea against supplying lethal aid to Ukraine, saying that the move would "fully destroy relations" ...
News Russia: Deconstructing Russia’s anti-colonial posturing in the global south
One of the first session themes of the First Ministerial Conference of the Russia-Africa Partnership Forum in November, attended by representatives of all 54 African states, may surprise many: ...
News Russia: America’s New South Caucasus Corridor: Stakes for China, Russia, and Beyond
On August 8, the White House became the unlikely stage for one of the most consequential diplomatic events in the post-Soviet space. U.S. President Donald Trump hosted Armenian Prime Minister Nikol ...
