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President Vladimir Putin has said Russia, the world's largest natural gas producer, will soon require unfriendly countries to pay for fuel in roubles, raising alarm about a possible gas crunch in...
The Russian central bank is expected to hold its key interest rate unchanged at 20% on Friday after a sharp emergency rate hike in late February designed to support financial stability, a Reuters... | March 14, 2022
Foreign investors have abandoned Russian markets - and index compiler MSCI could remove it altogether from its stock and bond benchmarks.
A slew of economic sanctions has caused the rouble to plummet to a record low.
While oil last week briefly passed $100 a barrel for the first time since 2014, the gains were partly reversed as the U.S. and European nations avoided sanctioning Moscow’s massive energy supplies for punishment.