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Russia's oil major says US companies benefit from the closure of the Strait of HormuzRosneft CEO Igor Sechin stated that American energy companies are benefiting most from the closure of the Strait of Hormuz. He believes the...- Russian spies are aggressively seeking Western technology as sanctions bite, officials sayRussia's intelligence agencies are aggressively seeking Western technology and defense secrets to bolster its war economy, employing fake c...
- Iran war drives Russian oil windfall as Urals crude hits highest level since 2023Russia's Urals oil export blend hit its highest price since October 2023, reaching $94.87 a barrel for tax purposes this month. This surge,...
- 409 gold coins buried for 100 years found beneath the remains of a destroyed home; mystery owner still unknownA remarkable discovery of 409 gold coins, hidden for over a century, was unearthed beneath a house in Torzhok, Russia. The coins, dating fr...
- What made Putin sell 22,000 kg gold from Russia this year?Russia’s central bank has sold 21.8 tonnes or 22,000 kilograms of gold so far in 2026 to help fund the country’s widening budget deficit, w...
- Russian proverb of the day: “There is no shame in not knowing…” Life lessons on learning, curiosity, personal growth, and why refusing to learn stops success and confidenceThis Russian proverb explains the importance of learning and curiosity in life. It highlights that not knowing something is normal, but ref...
- Ruble’s world-beating rally poses new risk to Russian economyAgainst all odds, the Russian ruble has risen impressively against the dollar, leaving officials astonished. This unexpected improvement is...
- Oil glut, strong ruble and sanctions wipe billions off Russia’s oil giantsRussian oil companies, including Rosneft, experienced a significant profit decline in the first half of the year. This downturn was attribu...
- Putin says no reason to panic over falling Russian rubleRussian President Vladimir Putin assured there is no need for panic over the significant drop in the Russian ruble, attributing it to budge...
- Russia launches test phase for digital rubleMoscow has sought to de-dollarise its transactions and develop alternative payments systems, after many Russian banks were excluded from th...
- Russia's ruble has tumbled. What does it mean for the wartime economy?Until now, the government stood aside as the declining ruble helped its budget. But a weaker currency also poses the threat of higher price...
- Russia's central bank makes huge interest rate hike to try to prop up falling rubleRussia's central bank made a big interest rate hike Tuesday, an emergency move designed to fight inflation and strengthen the ruble after t...
- Russia's currency hits the lowest level since beginning of the war in UkraineThe Russian ruble has reached its lowest value since the early weeks of the war in Ukraine as Western sanctions weigh on energy exports and...
- Russia says repaid dollar debt in rubles amid default fears"Funds for the payment of coupons on external bonds of the Russian Federation maturing in 2027 and 2047 in the total amount of 12.51 billio...
- Europe looks for solutions as Russia squeezes supply of natural gasUrsula von der Leyen, the President of the European Commission, accused Russia of blackmailing the bloc. Russian spokesperson Dmitry Peskov...
- Russia will gradually transfer gas payments to rubles: KremlinRussian President Vladimir Putin said last week that Moscow will now only accept rubles as payment for natural gas deliveries to "unfriendl...
- The curious case of the recovering rubleOne thing that Russia has managed to defend quite effectively, however, is the value of its currency. The ruble plunged in the days after t...
- Russia's ruble rebound raises questions of sanctions' impactThe ruble is no longer rubble. While the West has imposed unprecedented levels of sanctions against the Russian economy, Russia's Central B...
- Ruble plummets as sanctions bite, sending Russians to banksRussians wary that sanctions would deal a crippling blow to the economy have been flocking to banks and ATMs for days, with reports on soci...
- Russia allows ruble to fall, stokes uncertaintyRussia's Central Bank eased its defense of the embattled ruble, which fell sharply and triggered a sell-off in stocks as the country faces ...
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