How the oil collapse stole Russia’s Christmas
A plunge in the oil price to 12-year lows during Russia’s New Year and Orthodox Christmas break means the country returns to work on Monday with its economic recovery and Continue Reading
Ruble Declines on Oil as Sberbank Sees `Sharply’ Lower Currency
Russia’s currency extended its worst start to a year since 2009 as the price of oil fell and Sberbank CIB said a disparity with the price of crude argues for Continue Reading
Ruble Worst-Hit in Developing World Selloff Sparked by China
The ruble dropped most among emerging-market currencies as tumbling oil prices exacerbated a selloff in riskier assets hit by China’s decision to let the yuan slip to a five-year low. Continue Reading
Putin reviews environmental agenda
Weeks after a breakthrough U.N. agreement on climate issues, Russian President Vladimir Putin said next year would be the year of the environment in Russia. “The president resolved to hold Continue Reading
Russia to build oil rigs for Iran in Persian Gulf
A Russian ship-building company has signed a contract with an Iranian firm to construct oil rigs for the Iranian side in the Persian Gulf, Press TV reported on Wednesday. Russian Continue Reading
Rouble slides amid fears for Russian economy
The rouble fell to its lowest level in more than a year on Wednesday as Russians faced the prospect of a second successive year of recession in 2016 amid continued Continue Reading
Russia’s ESPO Blend crude still struggles in Asia-Pacific
Six years after its first export shipment, Russian crude ESPO Blend is as far from becoming a regional benchmark as it was then. It remains an also-ran in Asia-Pacific despite Continue Reading
Ruble Caps Third Annual Slump as Oil Seen Stoking Losses in 2016
The ruble weakened on its last trading day of 2015, extending its third annual slide as the plunging price of oil dimmed the outlook for a recovery in the Russian Continue Reading
Russia May Cut Crude Estimate in 2016 Budget as Prices Plunge
Russia may cut its oil-price estimate for the 2016 budget next year, possibly following other crude-exporting nations as the commodity, which makes up about 40 percent of the country’s budget Continue Reading
US criticizes Russia over civilian deaths in Syria
The United States criticized Russia on Tuesday for killing hundreds of civilians in airstrikes in Syria and accused Moscow of undermining hopes for a cease-fire between Bashar Assad’s government and Continue Reading