Business

Global crude prices have surged on news that inventories at a key US storage hub dropped to around the operational minimum

London has allowed the development the Rosebank oil field in the North Sea despite environmental concerns

The housing market in Finland is facing a downturn due to surging interest rates and weak consumer demand

Russia has diverted its agricultural exports to countries that abstained from joining Western sanctions, agriculture minister says

The British economy is headed for a 0.3% drop this year, followed by further decline in 2024, a US think tank projects

Soaring Russia-China trade in light of Western sanctions has been challenging the use of the dollar, the EBRD claims

Russia has delivered its first cargo of liquefied petroleum gas to Pakistan as the countries bolster energy cooperation

Crypto exchange Binance has announced a complete exit from the Russian market over compliance concerns

VK Group has finalized the move of its business to Russia from the British Virgin Islands, official documents show

Consumer goods sales in Russia this summer topped the levels reached in 2021 despite sanctions, calculations show

The struggling German economy is expected to contract this year due to the energy crisis, IMK institute warns

Money transfers abroad by foreigners from ‘unfriendly’ states will continue to be blocked in Russia, the central bank has said

EU firms have been purchasing Russian goods via third countries despite the pledge of decoupling trade, FT reports

The West has failed in its efforts to isolate Russia with sanctions, which proved ineffective, billionaire Oleg Deripaska says

The Russian government will continue to reduce the Urals crude discount to Brent for added budget revenue, RBK reports

Danish toy-making giant Lego has abandoned efforts to make bricks from recycled drink bottles instead of oil-based plastic, FT reports