The central bank raised rates by 3.5 percentage points to stem a sharp selloff in the ruble, a response to…
Cyclical factors are weighing on commerce, but the specter of global economic divisions lurks in the background. Source link
Economists expect sanctions to cause Russia to stagnate in the years ahead but the West’s failure to quickly bring the…
Higher prices could bolster Moscow’s oil-export revenues, which last month dropped to just over half their level from a year…
The full percentage point rise comes as a falling ruble, soaring wages and debt-fueled state spending reignite inflationary pressures. Source…
Sense Bank, formerly known as Alfa Bank-Ukraine, is regarded as a symbol of Russia’s involvement in Ukraine’s financial and political…
Iranian crude exports have hit a five-year high in recent months as the country ships more oil to China and…
Despite U.S. objections, the Gulf countries are using the Russian products internally, including for consumption and refining purposes, and exporting…
WorldEuropeRussiaEffort to sever Russian economy from global trade, finance continues Source link
MarketsHeard on the StreetWeaponizing the dollar creates incentives for change. But as an alternative, the yuan still has serious limitations.…