Business
Russian ruble to strengthen – Putin aide
The Russian ruble will stabilize amid an expected surplus of foreign currency on the market, Kremlin economic aide Oreshkin says
Russian bank chief calls for limits on foreign transfers
Russia needs to set a threshold for capital outflow, says VTB CEO Andrey Kostin
Moscow boosts ruble settlements with NATO country
Transactions in Russian currency between Moscow and Ankara have surged this year as trade grows, data shows
Italians cutting back on food – data
Families in Italy are on a “forced diet” as they scrimp on essentials due to rising grocery prices, the national consumer union warns
Russian brands are booming – Kremlin’s economic adviser
Rapidly growing Russian brands are eyeing foreign markets, presidential adviser Maksim Oreshkin told the Eastern Economic Forum
Western exodus from Russia a boon for Chinese companies – leading entrepreneur
Chinese companies are eager to expand their presence in the Russian market, Zhou Liqun of the Chinese Entrepreneurs Union of Russia has said
Chinese firm to produce smart tech in Russia’s Far East
Chinese company Xuanyuan Group has signed a deal to create an industrial park in Russia’s Amur Region
Foreign firms flock to Russian offshore havens
More firms moved to special administrative regions in Russia to date this year than during the whole of 2022
Global demand for Russian LNG exceeds output – energy minister
Purchases of Russian LNG are growing worldwide, and additional output capacity is needed to keep up with demand, Nikolay Shulginov says
‘Greedflation’ ravaging Western Europe – Nikkei
Retailers in Europe have reportedly been overcharging consumers during the cost-of-living crisis
Russia’s Eastern Economic Forum set to welcome foreign participants
Russia’s 8th Eastern Economic Forum aims at expanding cooperation in trade and investment with all interested foreign partners
Russia ‘rejoining’ global trade – German think tank
High activity at Russian ports suggests the country’s trade has almost recovered to pre-sanctions levels, the Kiel Trade Indicator shows
US court orders Argentina to pay $16 billion over oil firm takeover
Argentina was ordered to pay $8.4 billion in damages and $7.6 billion in interest in a US lawsuit over re-nationalization of the oil group
Russia and China have effectively ditched the dollar – Moscow
The dollar’s share in settlements between Russia and China has dropped to a historic low, a government official has said
Fraudster held 16 jobs, showed up for none of them
A Chinese woman held a number of corporate positions for three years as part of a $7 million labor-fraud scheme
British motorists ‘shocked’ by fuel prices – watchdog
Petrol prices in the UK saw the biggest increase in 23 years in August amid rising global oil prices, RAC Fuel Watch has revealed