Intensifying recession fears drove the price of oil to its lowest levels in 18 years on Wednesday as the commodity’s prices went down a staggering 24% to $20.37 a barrel, Business Insider reports.
Selling escalated throughout the day, with 9% morning losses more than doubling by the afternoon. The acceleration...
In accordance with the order by the crisis center for the prevention of the import and spread of new coronavirus infection on the area of the Russian Federation chaired by the Deputy Prime Minister of the Russian Federation Tatiana Golikova, a temporary restriction on passenger air transportation to the...
More than 70% of Russia’s citizens, according to the World Bank’s system of estimation, belong to the middle class, and the task of the government is to strengthen their status and raise incomes, the Russian President told state-run news agency TASS in the latest episode of a long-running series...
The situation in the Russian economy is currently not developing in the best way, with a significant deviation from macroeconomic forecasts for 2020, Finance Minister Anton Siluanov said at a meeting of the board of the Federal Treasury, according to RNS.
"Unfortunately, the situation is not developing in the best...
The ruble dropped to its lowest level against the dollar since February 2016 on Wednesday, following oil prices which slid below $28, TASS reported.
The Russian currency was 3.4% weaker against the dollar at 1058 GMT, reaching 77.99 after touching 79.22, its weakest level since February 2016. It was down...
Russian presidential advisor Anton Kobyakov and Swedish Ambassador to Russia Malena Mard discussed this week's aspects of Russian-Swedish cooperation at a meeting in Moscow, where they agreed on a number of joint projects, Rossiyskaya Gazeta reported.
The key areas for cooperation will include interaction in regional multilateral organizations (the Council of the Baltic Sea States, Barents...
The value of trade between North Korea and Russia reached $47.9 million in 2019, an increase of 40.6% compared with the previous year, according to the data released by the International Trade Center (ITC), KBS reported citing South Korea’s Yonhap news agency.
Pyongyang imported goods worth $44.86 million from Russia...
Russia is a big market for a variety of Pakistani products with favourable business environment and low taxes, the president of the Business Association for Cooperation with Pakistan (BACP) and member of the Russian Chamber of Commerce (RCC) Jawwad Rahim has said, according to the Nation.
The industry group head...
Hundreds of Russian tourists in Europe have found themselves stranded in foreign airports after most flights were canceled this week and borders closed due to the coronavirus crisis, a spokeswoman for Russia’s travel industry union (ATOR) told Interfax on Tuesday.
Russia suspended most flights to and from Europe to try...
The Russian currency gained in early trade on Tuesday, heading away from the lowest levels since 2016 it reached earlier this month, Reuters reported.
The ruble followed oil prices, which inched higher, while other emerging-market currencies also pared losses. The Russian currency was 1.2% stronger against the dollar by 0751...
