Business News
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25.12.20230 109
Foreign firms freeze work on Russia’s Arctic gas project – media
The move reportedly follows the latest US sanctions banning countries from buying LNG produced by the plant The Utrenneye field,…
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25.12.20230 79
Biden is destroying the dollar – Russia’s top MP
Many countries are abandoning the greenback since it is used as a political tool, Vyacheslav Volodin has said © Getty…
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Moscow will no longer consider the assessments when making foreign loan decisions, effectively easing requirements for countries to borrow © Getty…
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25.12.20230 103
Russia may switch to rubles in trade with Italy
A payment mechanism is expected to be ready by February 2024, a lobby representative has said © Getty Images / ArtemSam…
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Sanctions-makers have fallen into a “big country trap,” economists say FILE PHOTO: Novorossiysk Sea Trade Port. © Sputnik / Maksim…
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24.12.20230 86
Rosbank to buy Societe Generale’s assets in Russia
The French bank had been a controlling shareholder of the Russian lender before it divested amid Ukraine-related sanctions last year…
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24.12.20230 87
Oil producers stick with OPEC despite Angola’s exit
The African country has quit the cartel after 16 years of membership © Getty Images / William_Potter Several members of OPEC…
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24.12.20230 73
German industry warns coal phase-out may take a while
The plan to replace coal-fired plants by 2030 is “unrealistic,” lobby chief Siegfried Russwurm has warned © Getty Images / baranozdemir…
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24.12.20230 85
Russia boosting oil exports to Asia – Transneft
Shipments of crude to China and India have surged as Moscow redirects supplies from the EU FILE PHOTO: The oil…
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The unsatisfied demand for workers is stalling economic growth, a researcher says © Getty Images / Dimitri Otis The Russian economy…