Russia has radically slashed its reserve of U.S. Treasury bonds, leaving the top-30 list of biggest lenders to the United States, instead buying gold in order to protect and insulate the country’s economy amid sanctions from the West.
Russian ownership of U.S. Treasury bonds dropped from $96.1 billion in...
The bank of Russia’s said on Monday it will increase mandatory provisions requirements on retail foreign currency deposits to 7 from 6 percent from August 1, it said on Monday.
According to Reuters, the monetary regulator said it will raise provisions on corporate forex deposits to 8 from 7 percent...
Russian businesses are full of suggestions for a new government and are expecting wide-ranging reforms as President Vladimir Putin begins a fourth Kremlin term with promises to revitalize the country‘s economy, MTL News reports.
Moscow‘s relations with the West remain tense with U.S. sanctions hurting the Russian economy like never...
Shares of Russia’s aluminum producer Rusal on the Hong Kong Stock Exchange grew 14.3% as of 04:30 Moscow time on Monday amid reports of negotiations between the company and U.S. authorities on the possible removal of sanctions.
According to trading data cited by Reuters, the maximum price was 2.43 Hong...
Ratings agency Standard & Poor's said the state of Russia’s external and public balance sheets should enable the economy to absorb shocks from possible new international sanctions and affirmed Russia's "BBB-/A-3" credit rating on Friday, Kommersant reported.
The rating agency kept its stable outlook unchanged.
“We hope that the sustainable...
A salvage company has located the remains of the Russian warship Dmitrii Donskoi, lost during the Russo-Japanese War at the beginning of the 20th century, the South China Morning Post reports.
The battle-damaged cruiser was sunk off the coast of Korea in 1905, reportedly carrying a cargo of gold worth...
The Russian government plans to allocate a total of three trillion rubles ($47.2 billion) to pension hikes for non-employed retired people in Russia, Labor Minister Maxim Topilin said on Thursday, according to Izvestya.
"All the sources I have highlighted, all of them are allocated for upward adjustment of pensions. Three...
Washington may set a quota that would limit uranium imports and assure domestic producers provide about 25% of the nation's supply. Local companies who have lost their market due to imports of cheap uranium from Russia, Kazakhstan, and Uzbekistan have initiated the proposed move, RBC reports.
Energy Fuels and Ur-Energy, the...
Syria is interested in buying Russian MC-21 passenger planes, Russian Ambassador to Syria Alexander Kinshchak told TV station Rossiya 24 on Wednesday.
"They are interested in updating their plane fleet with our help, they are negotiating the purchase of the Russian MC-21," the ambassador said, according to RIA news agency.
A...
The GDP (gross domestic product) of Russia grew 1.1 percent in year-on-year terms in June after the key economic indicator increased by 2.2 percent in May, the Economy Ministry said on Thursday, according to Reuters.
In June, retail sales rose on the back of the soccer World Cup held in...
