Economy & Business

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Russians’ transfers to foreign banks surge 26-fold in one year

Russians’ transfers to foreign banks surge 26-fold in one...

New deposits held by Russian residents in foreign banks topped a record 1.4 trillion...

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Russia issues upbeat economic forecast for 2023

Russia issues upbeat economic forecast for 2023

Russian Deputy Prime Minister Belousov has forecast positive dynamics for the country’s...

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Wall Street wraps up worst year since 2008 financial crisis

Wall Street wraps up worst year since 2008 financial crisis

The US stock market has suffered its worst year in over a decade in 2022 as recession...

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Wall Street wraps up worst year since financial crisis

Wall Street wraps up worst year since financial crisis

The US stock market has suffered its worst year in over a decade in 2022 as recession...

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Russian diesel shipments soar ahead of EU ban – Bloomberg

Russian diesel shipments soar ahead of EU ban – Bloomberg

Russian shipments of diesel are set to reach the highest export rate in three years...

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Bahamas seizes billions of dollars in FTX customer funds

Bahamas seizes billions of dollars in FTX customer funds

Bahamian regulators say they’ve taken custody of more than $3.5 billion worth of...

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Putin highlights booming trade growth with China

Putin highlights booming trade growth with China

Trade turnover between Russia and China hit record volumes this year despite Western...

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European stocks end worst year since 2018

European stocks end worst year since 2018

Rising inflation and energy crisis have undermined investor confidence this year,...

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Russia to replenish rainy-day fund in yuan – finance ministry

Russia to replenish rainy-day fund in yuan – finance ministry

Moscow will refill its wealth fund reserves in Chinese yuan from 2023, according...

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China breaks ground on massive desert solar and wind power base

China breaks ground on massive desert solar and wind power...

Construction begins of the world’s largest electricity generation facility in the...

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Russian flour exports soar

Russian flour exports soar

Russia’s wheat flour exports have surpassed 700,000 tons this year, Rosselkhoznadzor...

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Oil price cap will backfire – economist

Oil price cap will backfire – economist

Western countries will have a hard time securing alternatives to Russian oil, which...

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EU gas prices fall to ten-month low

EU gas prices fall to ten-month low

Gas prices in the EU have dropped to levels not seen since the start of the conflict...

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Global shipping insurers to scrap coverage for Russia, Ukraine and Belarus

Global shipping insurers to scrap coverage for Russia,...

A major group of shipping insurers will stop providing war-risk coverage in Russia,...

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US oil major sues EU over windfall tax

US oil major sues EU over windfall tax

Exxon Mobil is suing the EU to avoid paying additional tax on profits made from...

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Germans have grim expectations about economy – study

Germans have grim expectations about economy – study

The majority of Germans expect rising inflation in 2023, a new poll by researcher...