Economy & Business

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Russia ready to switch to yuan in foreign trade – Putin

Russia ready to switch to yuan in foreign trade – Putin

Russian President Vladimir Putin says Moscow is ready to switch to the yuan in trade...

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Key link brings Russia-China trade to new highs

Key link brings Russia-China trade to new highs

Rail transport across a new bridge between Russia and China has soared, the Russian...

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Russia is China’s biggest oil supplier – Reuters

Russia is China’s biggest oil supplier – Reuters

Russia overtook Saudi Arabia to become China’s largest oil supplier in the first...

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Finland continues to buy Russian gas – media

Finland continues to buy Russian gas – media

Finnish energy major Gasum has announced it will continue to buy Russian gas for...

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Russia now China’s biggest oil supplier – Reuters

Russia now China’s biggest oil supplier – Reuters

Russia overtook Saudi Arabia to become China’s largest oil supplier in the first...

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Indonesia to ditch Visa and Mastercard

Indonesia to ditch Visa and Mastercard

The Indonesian central bank has unveiled plans to introduce a domestic payment system,...

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Swiss bank rescue threatens Western bond market – Bloomberg

Swiss bank rescue threatens Western bond market – Bloomberg

Credit Suisse has written-off billions worth of risky securities as part of its...

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Ex-Soviet state worried about losing Russian gas

Ex-Soviet state worried about losing Russian gas

Gazprom may completely cut natural gas supplies to Moldova, the country’s energy...

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Why China is so important for the Russian economy

Why China is so important for the Russian economy

Moscow and Beijing have achieved unseen levels of cooperation and are keen to deepen...

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Russia bans SWIFT

Russia bans SWIFT

The Bank of Russia has forbidden lenders to use SWIFT for transfers inside the country...

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Swiss bank shares crater after merger

Swiss bank shares crater after merger

UBS and Credit Suisse stocks tumbled as a merger deal failed to alleviate fears...

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What China means for the Russian economy

What China means for the Russian economy

Moscow and Beijing have achieved unseen levels of cooperation and are keen to deepen...

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Oil prices crashing amid recession fears

Oil prices crashing amid recession fears

Crude prices continue to fall amid concerns over the impact of the growing banking...

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Chinese car brands taking over Russian market – Autodom

Chinese car brands taking over Russian market – Autodom

The exodus of American, European and Japanese automakers from Russia has opened...

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G7 central banks to boost dollar funding

G7 central banks to boost dollar funding

The US Federal Reserve and five other central banks are boosting US dollar liquidity...

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Russia becomes biggest gas supplier to China

Russia becomes biggest gas supplier to China

Russia became China’s largest source of natural gas in January, beating Turkmenistan,...