Browsing: Russia

Western sanctions have forced the country to focus more on manufacturing than energy exports, and the change has been beneficial, according to the president

The fortunes of the country’s top billionaires grew by billions of dollars last year

Russia’s foreign currency reserves have continued to grow, surpassing $593 billion as of December 22, the country’s central bank has reported. 

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