Russia is battening down the hatches for a Biblical collapse in oil revenues, warning that crude prices could stay as low as $40 a barrel for another seven years. Maxim Continue Reading
Gazprom is a bellwether of Russia’s constraints and divisions. The natural gas behemoth dominates its sector in the Russian economy and is one of the Kremlin’s favorite foreign policy tools. However, Continue Reading
Russia has provided air cover to a leading Western-backed opposition group in Syria, President Vladimir Putin said Friday, calling for closer coordination with the U.S.-allied coalition – comments that may Continue Reading
Full-year Russian natural gas production could be off by about 2 percent because of what the government said was expectations of lower consumption. Russian Deputy Energy Minister Kirill Molodtsov said Continue Reading
Bank of Russia to keep key rate at 11% on Friday: survey The ruble gained for a third day, sparking concern the currency is overvalued relative to the price of Continue Reading
As Iran prepares to emerge from the shadow of international sanctions, plans for deeper cooperation in the energy sector are moving forward, including a potential deal with Russia for a Continue Reading
The last time a December oil rout ravaged the ruble, Russia responded with an emergency rate increase. This year could be different. Economists predict the Bank of Russia will extend Continue Reading
Any Russian economic rebound would stall if oil prices stay at $40 a barrel, even if such an outcome wouldn’t create “risks” for the banking industry or the budget, Economy Continue Reading
The ruble headed for its longest streak of declines since May 2012 after OPEC effectively abandoned output limits, spurring concern Russia will struggle to emerge from a recession as low Continue Reading
The ruble headed for the biggest weekly drop in emerging markets after oil producing nations in OPEC were said to agree on an expansion of output, pushing the price of Continue Reading
