The mysterious rise and apparent fall of China's largest private oil company have raised a host of questions for the government and relations with Russia, analysts say.
Questions have been swirling around the investment empire of CEFC China Energy Company Ltd. since March 1 when Chinese media reported that its...
In a reported breach of U.S. sanctions against Russia, Swedish bank Swedbank helped major shareholders in Russian arms manufacturer Kalashnikov send almost $1.1 million to the company’s American subsidiary, Swedish public broadcaster STV reported.
Small arms producer Kalashnikov is one of the most recognized brands of the Russian arms industry.
After Russia annexed...
Goldman Sachs expects global oil demand to realize the biggest jump ever over the next six months, the investment bank said on Wednesday, keeping its bullish forecasts for oil prices this summer, RT reported.
Higher demand for travel and acceleration of vaccinations in Europe are set to result in “the...
Russia’s biggest bank, state-owned Sberbank, has taken the top spot as the most valuable stock on the Russian equity capital market, worth a massive $69.4 billion as of February 22, Intellinews reports.
Investors are drawn to Sberbank as it is seen as a proxy for the whole Russian economy. The...
Sberbank does not see risks and signs of overheating in its consumer lending portfolio, said the head of the bank, German Gref. According to him, now the situation with consumer loans is better than planned. Central Bank reported that the debt burden of Russians is at a historically high...
The seasonally adjusted IHS Markit Russia Services Business Activity Index jumped to a seven-month high of 55.8 in March, up from 52.2 in February, bne IntelliNews reports.
“The March PMI data indicated a faster rise in business activity across the Russia service sector. The upturn in output was the strongest...
The captain of the Roxen, a Finnish fishing boat with an Estonian crew detained in the Baltic Sea in May by the Border Service of Russia for illegal fishing, has been released, his attorney Igor Voskoboinik told Interfax on Tuesday.
"Investigative authorities lifted the preventive measure for non-departure from the...
The OPEC+ deal on oil output cuts reached last year saved the global energy sector from a collapse and prevented oil prices from dropping below zero, Russian Deputy Prime Minister Alexander Novak said in an interview with RBC TV.
The interview was published on Monday as ministers from OPEC+ countries...
About 63% of Russians believe that they have financial independence - and that for this, one needs to earn 75 thousand rubles a month, according to a survey by Sberbank Life Insurance.
For financial independence in the Russian Federation, it is necessary to fully support oneself (this is the opinion...
