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2 mins read
Treasury Secretary Janet Yellen leads US walkout after Russian officials begin speaking at G-20 meeting
The coordinated action underlines Russia's increasing isolation as it continues its war in Ukraine.
Brent D. Griffiths
2 mins read
Russia will not sell sovereign bonds this year because interest rates would be 'cosmic', finance minister Siluanov says
Finance Minister Anton Siluanov argued Russia has not defaulted on its debts, but said it would non…
Harry Robertson
2 mins read
Russia confirms it's going to make it more painful for companies to quit the country
Russia's finance minister on Thursday confirmed reports that Moscow will raise exit taxes and other…
Mia Jankowicz
2 mins read
Russia's economy is still raking it in, but many billions of dollars are stranded overseas
Russia's foreign financial assets rose $44.6 billion in the first seven months of this year, with a…
Huileng Tan
2 mins read
Russia is turning to crypto as sanctions snarl payments, report says
Russia could start cryptocurrency exchange trails as soon as next month, in order to solve payment …
Filip De Mott
4 mins read
2 of the world's biggest oil producers are looking for new ways to power their economies
The US has witnessed a massive rise in oil production over the last 15 years amid the shale boom.
Huileng Tan
2 mins read
Russia's defense ministry is now helmed by an economist, showing Putin's 'nerds' are performing better than his 'jocks': analyst
Russia's economic resilience is outshining its performance on the battlefields, per Eurasia Group's…
Huileng Tan
2 mins read
Plans to seize Russian assets 'undermine' trust in the dollar and euro, Kremlin official says
Western plans to potentially use Russia's frozen assets to fund aid for Ukraine will be met with a …
Filip De Mott
2 mins read
Russia's finance minister says the heavily sanctioned country still has enough money to pay for its war in Ukraine
Russia plans to bump its defense spending by nearly 70% next year, an indication it plans to push o…
Huileng Tan
2 mins read
2024 is already straining the seams of China and Russia's 'no limits' partnership
Russia's finance ministry is in talks with China about yuan loans, but a decision has been long in …
Huileng Tan
1 min read
Russian oil price cap is hitting the Kremlin's export revenue and may widen its budget deficit, finance minister says
If export volumes decrease, Russia could turn to both loans and the National Wealth Fund for fundin…
Brian Evans
2 mins read
An oligarch who predicted that Russia may run out of money next year is surprised the economy has held up so far
"I was more or less sure that up to 30% of the economy would collapse, but it was way less," Oleg D…
Huileng Tan
2 mins read
Russia will increase foreign currency sales 830% as deadline for Eurobond repayment nears
Russia's central bank announced that the move to offload foreign currencies could also help calm ru…
Filip De Mott
1 min read
Russia can use its sovereign wealth fund to help pay for its war on Ukraine despite sanctions, report says
Leaked documents showed that Moscow has ways to carry on the fighting in Ukraine into 2024, despite…
Phil Rosen
2 mins read
Russia's finance minister says government officials should drive around in Lada cars to help bolster domestic business
Russian state-owned carmaker Avtovaz, which makes Ladas, told Gazeta it will be ready to provide of…
Kate Duffy
2 mins read
Russia posted a $29 billion deficit in the first quarter as energy revenue plummets and it could spell trouble for the country's military bills
Russia posted a 45% plunge in energy revenues to 1.64 trillion rubles in the first quarter of 2023,…
Huileng Tan
1 min read
Russia is struggling to make $100 million in debt payments because of US sanctions, and Moscow may see its first default in a century
"We've done everything we can to lead the horse to water. But it's not up to us whether it wants to…
Phil Rosen
2 mins read
Russia's finance minister has admitted the country can't use nearly half its $640 billion foreign currency war chest because of Western sanctions
Russia wants to use its foreign currency reserves as a cushion against economic sanctions imposed b…
Huileng Tan
1 min read
The Bank of Russia wants to ban crypto but top finance minister thinks that would be like 'banning the internet'
Russian Finance Minister Anton Siluanov said banning crypto would be like "banning the internet," a…
Phil Rosen
2 mins read
Russia is building a new bond-payment system to get around US sanctions, as it tries to avoid a historic default
The new system will let Russia bypass the Western financial system entirely, Finance Minister Anton…