In 2023, Russia’s federal budget saw a 24% decrease in income from oil and gas, totalling 8.822 trillion roubles ($99.4 billion), as reported by the finance ministry on Thursday.
Goldman Sachs Announces Interest Rate Reduction Starting From February
Economists at Goldman Sachs have suggested that interest rates might be reduced as early as February or March, particularly if the economy enters a full recession.
Vladimir Putin has made it harder for western companies to exit Russia
Putin is taking swift action to stabilize the rouble by implementing restrictions on Western businesses. In a bid to bolster the faltering rouble, Vladimir Putin has intensified the challenges for
Russia hikes interest rates to 15pc – Rouble jumps to six-week high
Russia has raised its interest rates to 15%, intensifying its efforts to combat inflation amid labour shortages and a depreciating ruble.
Goldman Sachs saw its profits slump by a third in the three months to September
Goldman Sachs experienced a 33% decline in profits during the three months ending September, due to fewer transactions in a subdued market environment.
UK is projected to have the lowest economic growth in G7 next year.
According to the International Monetary Fund (IMF), the UK’s economy is set to lag behind all other G7 nations next year, presenting challenges for Rishi Sunak in the upcoming election.
Russian rouble hits 18-month low – Middle East conflict
The rouble has dropped to its lowest level in over 18 months against the dollar, influenced by the ongoing crisis between Israel and Gaza.
Russian rouble sinks as Vladimir Putin’s regime is hit by falling oil prices
The Russian rouble has declined beyond 101 against the dollar, reaching its lowest point since August due to plummeting oil prices affecting Putin’s administration.
The Russian rouble weakened near 100 to the dollar
The Russian rouble dipped beyond the notable mark of 100 per dollar, but rebounded slightly during early transactions, as Moscow grapples with a diminishing current account surplus.
Russia’s economy is bolstered by escalating oil prices, overshadowing the impact of sanctions.
Forecasts indicate the Russian economy is set to surpass previous expectations and experience growth this year, as the increase in oil prices counteracts the effects of Western sanctions.
Oil prices remain stable at levels close to 10-month peaks.
On Monday, the standard oil price remained steady, maintaining its position above $90 a barrel, a level not seen in the last 10 months. This surge was influenced by recent
Gas prices rise as workers begin strikes at two key Chevron facilities in Australia
European gas prices have surged as employees at two prominent Chevron sites in Australia initiated limited strikes following unsuccessful negotiations.