Economy & Business

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Estimated cost of anti-Russia sanctions to Western firms revealed

Estimated cost of anti-Russia sanctions to Western firms...

Major European companies have suffered billions of euros in losses from Western...

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Russian car sales move up a gear

Russian car sales move up a gear

July saw car sales nearly triple in Russia year-on-year, with LADA being the bestselling...

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Russia faces acute shortage of truck drivers

Russia faces acute shortage of truck drivers

The logistics industry in Russia has a severe shortage of long-distance truck drivers,...

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British banks to abandon ‘racist’ term ‘black market’

British banks to abandon ‘racist’ term ‘black market’

UK lobby group has called for eliminating controversial terms like black market...

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Ruble weakens to 16-month low

Ruble weakens to 16-month low

The ruble has continued to slide against the US dollar due to strong local demand...

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Oil prices soar to four-month highs

Oil prices soar to four-month highs

Global crude prices have gained on further output cuts by Russia and Saudi Arabia...

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Türkiye seeking to reinstate grain deal – media

Türkiye seeking to reinstate grain deal – media

Turkish authorities are reportedly trying to reinstate the Black Sea grain deal...

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Russia sees surge in foreign tourism

Russia sees surge in foreign tourism

Foreign tourist flows in Russia more than doubled from January to June in annual...

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Major Russian power producer eyes Africa presence

Major Russian power producer eyes Africa presence

Russian power generating giant RusHydro aims to strengthen cooperation with Africa,...

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Pork prices hit eight-year high in Russia

Pork prices hit eight-year high in Russia

Pork prices in Russia have seen a record surge as processors opt for the meat instead...

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EU state wants to enshrine ‘right to cash’ in constitution

EU state wants to enshrine ‘right to cash’ in constitution

Austria’s leader Karl Nehammer has proposed enshrining the right to use cash in...

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Russia reveals projected economic growth for 2023

Russia reveals projected economic growth for 2023

The Russian economy will grow by more than 2% by the end of the current year, the...

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Baltic states seek to disconnect from Russian power grid

Baltic states seek to disconnect from Russian power grid

Latvia, Estonia and Lithuania have reportedly agreed to disconnect from Russian...

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Russia-UAE trade ‘skyrocketing’ – Bloomberg

Russia-UAE trade ‘skyrocketing’ – Bloomberg

Russia and the UAE have been ramping up bilateral trade to record highs despite...

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Iran and Russia seek to deepen ties between free trade zones

Iran and Russia seek to deepen ties between free trade...

Moscow and Tehran are working on strengthening cooperation between their free trade...

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Russian gas fueled German industry – Uniper

Russian gas fueled German industry – Uniper

The chief of energy giant Uniper has said gas and oil supplies from Russia have...