According to oil traders and shipping data, China is quietly increasing its purchases of Russian oil at bargain prices. This is in response to Western buyers quitting Russia’s business after
The Russian gas flow to Europe via Ukraine dropped by 25% on Wednesday, after Kyiv stopped using a major transit route. This was the first time that exports via Ukraine
On Tuesday, Ukraine announced that it would suspend gas flow through the transit point. It claimed the transit point delivers nearly a third of the fuel from Russia to Europe
According to the Finance Ministry, Russia is experiencing its worst economic crisis in nearly three decades.
As Foreign Secretary Liz Truss announced that Russia was barred from having access to U.K. accountants, management consultants and public relations firms, she also announced another tranche of sanctions in
Russia’s economy will contract by more than 10% in 2022, according to Alexei Kudrin, former finance minister. This would be the largest drop in the gross domestic product since 1991,
Larry Fink (BlackRock Inc.’s chief executive) said that the Russia-Ukraine conflict could lead to an acceleration of digital currencies as a way to settle international transactions. This is because the
The GDP will plummet by 14%, which is a much greater collapse than Russia’s financial crisis or the pandemic of the late 1990s.
March 15 (Reuters) – Russia plans to spend 1 trillion roubles ($9 billion) on what it refers to as anti-crisis measures, Prime Minister Mikhail Mishustin said on Tuesday, as the
Confiscating the assets of companies that have fled Russia after the invasion of Ukraine would shatter investor confidence for decades and take Russia back to the calamitous days of the
Two sources close to the matter said that the Swiss-based company that built the Nord Stream 2 gas pipe from Russia to Germany is contemplating filing for bankruptcy being reported
