Russia’s manufacturing industry contracted in December, halting a two-month recovery as falling oil prices threaten to extend the country’s recession into a second year. The Purchasing Managers’ Index fell to Continue Reading
A Russian ship left Iran on Monday carrying almost all of Iran ’s stockpile of low-enriched uranium, fulfilling a major step in the nuclear deal struck last summer and, for Continue Reading
A landmark nuclear deal with Tehran moved closer to implementation Monday, with U.S. Secretary of State John Kerry announcing that tons of enriched uranium that could potentially be turned to Continue Reading
Russia’s economy shrank for the first time in five months as declines in oil prices rippled through consumption and industrial output, highlighting the risks to a recovery from the country’s Continue Reading
The euro was trading at 79.55, which is its highest level against the ruble since August 26. During Monday trading at the Intercontinental Exchange (ICE), Brent crude prices fell to Continue Reading
The Russian ruble extended declines after closing at a record low on Monday as data showed hedge funds turned bearish on the exchange rate for the first time since October. Continue Reading
For years, Vladimir Putin used Vnesheconombank (VEB) to pay for “special projects,” from the Sochi Olympics to covert acquisitions in Ukraine to oligarch bailouts. Now, the state bank needs a Continue Reading
Saudi Arabia has destabilized the global oil market by increasing production, TASS news agency quoted Russian Energy Minister Alexander Novak as saying on Monday. “Saudi Arabia has this year increased Continue Reading
The ruble fell to its weakest level this year as oil resumed declines and investors speculated a traditional pick-up in end-of-year budget spending will hurt the Russian currency by pumping Continue Reading
Out-of-control fires and deadly floods have hit the country nearly every year this decade Russia is warming more than twice as fast as the average for the rest of the Continue Reading
