Business
Russian real estate investment booming – report
Investment in Russian real estate could hit a new all-time record, according to an industry study
Major bank issues warning over German economy
The struggling German economy will continue to shrink in the face of growing challenges, Goldman Sachs has warned
Global growth forecast slashed
The global economy is poised for a slowdown amid soaring borrowing costs and a weaker than expected China rebound, the OECD warns
Germans facing higher gas bills – Bloomberg
Germany will reportedly terminate lower taxes on natural gas as the heating season is about to begin
Russia benefiting from global diesel shortage – Bloomberg
Russia’s ESPO crude has climbed to a premium of $0.50 a barrel to Brent due to a global diesel shortage, Bloomberg has reported
US national debt passes new landmark
America’s national debt has surpassed $33 trillion for the first time on record, Treasury Department data shows
Russia reveals main source of profits after oil and gas
Food exports are becoming a key source of income for Russia’s budget, the interim head of the customs service says
EU seeking something Russian to sanction – Bloomberg
Brussels is prepping a new batch of sanctions against Russia, expected to be announced early next month, Bloomberg reports
British papermaker to sell last factory in Russia
UK firm Mondi is nearing a complete exit from the Russian market, the company announced
Iconic US clothing brands may return to Russia
Tommy Hilfiger and Calvin Klein stores could start operating in Russia under new brand names this year
China’s imports of Japanese seafood plunge
China’s imports of marine products from Japan slumped 67.6% after Tokyo started dumping wastewater from the Fukushima, data shows
Western companies made billions in Russia last year – report
Multinationals from ‘unfriendly’ states reportedly made more than $18 billion in profits in Russia last year
Russia has recovered from sanctions pressure – Putin
Russian GDP has recovered to pre-sanctions levels, President Vladimir Putin has announced
Ukraine’s ‘zombie’ economy dependent on Western money – ex-PM
Ukraine’s economy shows signs of life only after injections of Western financing, ex-PM Nikolay Azarov says
Russia-US trade plunges to new low
Economic cooperation between Russia and the US has shrunk to its lowest since the start of the Ukraine crisis
European country reveals fuel supplies to Russia
Belarus has shipped 60,000 tons of diesel and gasoline to Russia amid shortages caused by seasonal refinery maintenance