Business
Russia ‘making a fortune’ – Trump
Surging oil prices have been a boon for the Russian economy, according to former US President Donald Trump
Austrians urged to save rubles
Austrian Chancellor Karl Nehammer raised eyebrows after using Russian rubles in PR campaign, local media report
Russia resumes gas supplies to China
Growing Russian gas supplies via the Power of Siberia mega pipeline are set to reach 22 billion cubic meters in 2023
Oil prices jump to highest in over a year
Global crude prices have surged on news that inventories at a key US storage hub dropped to around the operational minimum
UK greenlights development of its biggest untapped oil field
London has allowed the development the Rosebank oil field in the North Sea despite environmental concerns
Finnish housing market crashing – Bloomberg
The housing market in Finland is facing a downturn due to surging interest rates and weak consumer demand
Russia slashes food exports to ‘unfriendly’ countries – minister
Russia has diverted its agricultural exports to countries that abstained from joining Western sanctions, agriculture minister says
More gloom ahead for UK economy – study
The British economy is headed for a 0.3% drop this year, followed by further decline in 2024, a US think tank projects
Russia sanctions threaten US dollar – top financial institution
Soaring Russia-China trade in light of Western sanctions has been challenging the use of the dollar, the EBRD claims
Pakistan receives first Russian fuel delivery
Russia has delivered its first cargo of liquefied petroleum gas to Pakistan as the countries bolster energy cooperation
World’s top crypto exchange leaves Russia
Crypto exchange Binance has announced a complete exit from the Russian market over compliance concerns
Europe’s top online social network returns ‘home’
VK Group has finalized the move of its business to Russia from the British Virgin Islands, official documents show
Russian retail booming – study
Consumer goods sales in Russia this summer topped the levels reached in 2021 despite sanctions, calculations show
German economy forecast to shrink
The struggling German economy is expected to contract this year due to the energy crisis, IMK institute warns
Russia extends restrictions on money transfers abroad
Money transfers abroad by foreigners from ‘unfriendly’ states will continue to be blocked in Russia, the central bank has said
Trade data reveals EU’s dependence on Russian commodities – FT
EU firms have been purchasing Russian goods via third countries despite the pledge of decoupling trade, FT reports