Business
Chinese imports of Russian crude hit new record
Shipments of Russian crude to China surged by a record 44% year-on-year in June
Moscow reveals reasons behind weakening ruble
The ruble tumbled to a three-week low amid the changing trade balance, the Russian Finance Ministry has said
Austrian businesses issue recession warning
Austria has to prepare for a recession this winter and not expect economic growth until the spring, an industry federation has warned
Russian cash circulation hits all-time record
Increased demand for cash has been recorded in Russia since last year, according to new data by the central bank
Australian state bans gas for new homes
New homes in the Australian state of Victoria must be built with all-electric networks from January, without gas pipes, the government says
Russia poised for major nuclear expansion in Africa
Russia has begun efforts to establish nuclear energy infrastructure across the entire African continent, Rosatom says
New Samsung phones hit Russian market before West
The Samsung Galaxy Z Flip 5 and Fold5 smartphones appeared on sale in Russia two weeks before their global launch
First Chinese freight train crosses new bridge into Russia (VIDEO)
A Chinese freight train made its maiden journey to Russia via a railway bridge over the Amur River
Putin slams 'irrational and amoral' EU policies
The impounding of shipments of Russian fertilizer by EU states is irrational and amoral, President Vladimir Putin has said
Russia ready to work with Africa as an ‘equal partner’ – deputy energy minister
Moscow aims to develop strong trade and economic relations with Africa based on respect and equality, deputy energy minister Sorokin says
Russia is ensuring Africa’s recovery – Comoros president
Russia is helping Africa to solve its problems by providing investment, the chairman of the African Union has said
Zara replacement struggling in Russia – media
A Lebanese clothing brand MAAG which has replaced Zara is reportedly considering closing stores in Russia
EU country braces for electricity tariff hike
French households will face rising power prices as the government is set to scrap the tariff shield program, President Emmanuel Macron says
Another South American nation to curb dependence on dollar
Bolivia is turning to the Chinese yuan and the Russian ruble, cutting its dependence on the US dollar in foreign trade
Russia to help Nigeria resuscitate steel sector – official
Russia and Nigeria plan to cooperate in developing the mining sector, Permanent Secretary Mary Ogbe says
Sales of Russian ice cream in Africa soar – official
African imports of Russian ice cream have surged 50% over four years, the Agroexport center’s official figures show