Browsing: Russia

Iran and Russia have officially abandoned the US dollar for mutual settlements after the countries finalized an agreement to trade in the ruble and the rial, Iranian news agency IRNA reported this week. The agreement was sealed during a meeting in Russia between the heads of the central banks of the two countries, the outlet said.

Russian natural gas production has continued to grow in annual terms for the fourth month in a row in November, reaching nearly 60 billion cubic meters, business daily Kommersant reported this week, citing official data.

The sovereign funds have been seized by the West as part of Ukraine-related sanctions

The EU and G7 restrictions apply to direct imports of non-industrial diamonds mined, processed, or produced in the country

Data on manufacturing activity in Russia during December has shown the fastest pace of growth in almost seven years, spurring job creation to a three-month high, a survey by S&P Global published this week reveals.

The trend should continue once Cairo finalizes a free trade deal with the Eurasian Economic Union, Aleksey Tevanyan says

Gazprom may once again become the only gas supplier to Moldova if the latter can secure a better price from the Russian energy giant than it can on supplies from the EU

The United States has called for working groups from the Group of Seven (G7) countries to explore ways to confiscate hundreds of billions of dollars in frozen Russian assets, the Financial Times reported this week.

Domestic demand for the sector’s products increased by 11.5% year-on-year in 2023

Russian producers of petrochemicals are planning to ramp up international sales of diesel from the country’s major western ports by nearly one-fifth in January as refinery runs grow, Bloomberg reported on Friday, citing industry data.