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Dozens of Tankers Carrying Russian Oil Stuck Idling After U.S. Sanctions

At least 65 oil tankers were stationary in waters near Russia, off Singapore’s coast and near Chinese ports, ship tracking data showed.

China-Russia Trade Hit Record High in 2024

The total value of imports and exports between the two countries amounted to $244.8 billion, a modest increase from $240.1 billion in 2023.
1 Min read

Gazprom Weighs Laying Off 1,600 Managers Amid Wartime Losses

Gazprom’s deputy chairman, Sergei Kupriyanov, confirmed reports of the proposed mass layoff but declined to provide additional comments.
1 Min read

Rental Prices in Russia Rose 31% in 2024, Experts Say

Inflation, rising borrowing costs and the end of state mortgage subsidies placed pressure on the housing market last year.
1 Min read

Russia Says U.S. Risks Global Energy Instability With New Sanctions

Moscow on Saturday accused the U.S. of being ready to risk global energy instability with new wide-reaching sanctions on Russia's energy sector. The U...
2 Min read

U.S., U.K. Unveil Sweeping Sanctions Against Russia’s Oil Sector

Russian oil majors Gazprom Neft and Surgutneftegaz were both targeted in the new sanctions package, along with Moscow’s “shadow fleet.”
3 Min read

European Imports of Russian LNG Hit 'Record Levels' in 2024

European ports received 17.8 million tons of LNG from Russia in 2024, over 2 million tons more than in 2023, The Guardian reported.
2 Min read
opinion Alexandra Prokopenko

Russia’s Economic Gamble: The Hidden Costs of War-Driven Growth

The storm of government spending cannot address the chronic problems sending Russia's economy irreversibly toward economic stagnation.
11 Min read

Russian IT Growth Faces an Uncertain Future

Nearly three years after the departure of major Western IT firms, Russia's tech market is on the rise — but the growth is unlikely to be sustainable...
5 Min read

The Russian Economy in 2025: 5 Key Things to Watch For

The Kremlin has used its deep financial reserves to prop up the economy — but Russia appears to be finally feeling the weight of wartime pressures.
7 Min read

‘Pure Hypocrisy’: Luxury Western Goods Line Russian Stores Nearly 3 Years After Business Exodus

In Moscow’s elite shopping districts, high-end department stores and upscale local outlets are bustling with sales of Western brands.
2 Min read

Ukraine Ends Russian Gas Transit to Europe, Marking Historic Break

Until Wednesday, Russian gas had flowed through Ukrainian pipelines since the collapse of the Soviet Union in 1991.
2 Min read

Gazprom Reduces European Gas Flows Ahead of Transit Deal Expiration

Gas flows are expected to drop to zero on Wednesday when the five-year transit agreement expires.
2 Min read

Genealogy Platform MyHeritage Suspends Services in Russia

The company informed users that all accounts and associated data of Russian clients would be permanently deleted by Feb. 1, 2025.
1 Min read

Russian Airlines Offer Child Discounts After Criticism From Putin

During last week’s annual press conference, Putin criticized airlines for not providing affordable airfare to large families.
1 Min read

Kremlin Calls European Gas Shipments ‘Complicated’ After Slovak PM’s Visit to Moscow

Robert Fico has warned that Slovakia faces a potential energy crisis after a gas transit deal between Moscow and Kyiv expires.
2 Min read

Russia’s Central Bank Keeps Interest Rate Unchanged at 21%

Analysts had expected policymakers to raise the key interest rate to as high as 23% this month as they continue to fight against rising prices.
3 Min read

U.S. Grants Turkey Exemption From Sanctions on Gazprombank, Energy Minister Says

Hungary earlier this week revealed it would also be granted an exemption for making gas payments through Gazprombank.
1 Min read

Putin Says Inflation ‘Worrying’ But Russian Economy Remains ‘Stable’

“With the economy as a whole, the situation in Russia is stable, despite external threats,” he said at his annual press conference.
1 Min read
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