Russia bans jet fuel exports until November
Supplies to countries that maintain active intergovernmental agreements with Russia are exempt from the restriction.
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Popular articles tagged "Russian economy"
Belgian giants still in Russia five years on, pressure builds as explanations wear thin
Five years after Russia launched the full-scale invasion of Ukraine, some of Belgium's most prominent multinationals remain active in the country.
Russian billionaires see wealth grow by 11 per cent despite war and sanctions
Russian billionaires saw their collective wealth rise by 11 per cent to a record $696.5 billion (€595.31 billion) over the past year, according to Forbes Russia.
‘Russia pockets €6 billion in fossil fuel revenues in almost two weeks of Iran conflict’
Russia has pocketed an estimated €6 billion in fossil fuel revenues since the onset of Israeli and US strikes on Iran on February 28, with daily earnings surging…
Russia takes over assets of Polish-US packaging giant
Russia’s authorities have taken control of Polish-US aluminium packaging company Canpack operations in Russia as well as Danish insulation giant Rockwool.
The European paradox on sanctions: Preaching morality, doing business
When eminent historians like Niall Ferguson speak, the Western elite listens.
‘Western sanctions against Russia have had no effect,’ says Kremlin
"The sanctions imposed by western countries against Russia over the past four years have had no effect on the country," according to Dmitry Peskov, the press secretary…
Russian universities train students to outwit economic sanctions
The Kremlin-backed curriculum for Russian public universities and private institutions now trains students to outwit economic sanctions.
EU overregulation gives edge to Russian AI, Moscow bank boss says
Overregulation of artificial intelligence in the European Union has given Russia's technology sector an advantage, a leading Russian banking executive argued.
Russia fines Google €18 decillion for YouTube restrictions
Google has been fined an astronomical sum, exponentially greater than global GDP, for refusing to restore accounts of pro-Kremlin and state-run media outlets.
Russia sanctions ‘barely affecting’ Kremlin war effort: researchers
Sanctions targeting Russia are "barely affecting" the country's ability to wage war in Ukraine, according to research funded by the German Government.
Russian exploration vessels ‘discover the world’s largest oil reserves’ in Antarctica
Reports from Russian exploration vessels suggest vast amounts of oil and gas have been discovered in Antarctica, partly in areas claimed by the UK and Argentina.
Russians who fled abroad return in boost for Putin’s war economy
As many as a million Russians fled abroad in the first year of the Kremlin’s invasion of Ukraine.
‘Russian economy to outgrow all advanced nations in 2024,’ IMF forecasts
The International Monetary Fund (IMF) predicted the Russian economy will this year grow faster than those of the Western countries trying to isolate it.
Two years into the conflict, have Putin and the Russian economy been the real winners of the war in Ukraine? Depressingly that’s what the numbers suggest
Since Russia's full-scale invasion of Ukraine in February 2022 hundreds of thousands of lives have been lost, millions of people have been displaced, Western economies…
Russia food and agriculture exports boom
A near-record Russian harvest, augmented by grain from occupied areas of Ukraine, is making Moscow a dominant player in international food markets
Western sanctions put Russia at risk of ‘economic collapse’, Kremlin admits
Russia faced the possibility of economic "collapse" as a result of sanctions imposed on it by the West, the Kremlin has said.
In diamond centre Antwerp, Russian gems are already shunned
Only a few weeks after Russia invaded Ukraine in February 2022, Antwerp-based diamond dealer Thierry Tugendhaft started receiving calls from big jewellers in Paris…
Domino’s Pizza closing all 142 stores in Russia
US-based multinational Domino's Pizza is closing all its branches in Russia, joining the ranks of other Western businesses fully withdrawing from the country following…
This week’s BRICS summit will be a fest of anti-Western rhetoric, but it won’t amount to much – yet
This week’s 15th BRICS summit, which will be held in Johannesburg from Tuesday to Thursday, is billing itself as an international game-changer.
Russia’s central bank sharply hikes interest rates as ruble tanks
With the value of the Russian ruble in steep decline, its central bank is trying to stop the bleeding away of its value by increasing interest rates by 3.5 per cent.
Russian ruble tumbles, losing 30 per cent of its value
The Russian ruble has hit its lowest point since the beginning of the war in Ukraine as Western sanctions are seeming to squeeze the Russian economy.
Ruble hits weakest in 15 months after Wagner challenges Putin
The ruble weakened as much as three per cent against the dollar on Monday, the most this year, after a mutiny by mercenary commander Yevgeny Prigozhin, whose brief…
Russia sanctions evasion ‘massive’
Western sanctions against Russia have triggered large-scale evasion, according to Wopke Hoekstra, the Dutch Minister of Foreign Affairs.