Russian Economy

The Russian government announced Wednesday that it was reintroducing a ban on petrol exports for another six months to "maintain a stable situation" on the domestic fuel market after major price hikes.

Russia's economy grew 3.6 percent last year thanks to a boost in military spending because of the offensive in Ukraine although long-term economic challenges remain, official data showed on Wednesday.

As he prepares to run for re-election in 2024, is President Vladimir Putin right to claim the worst is over for the Russian economy?

Russia is working on the assumption that sanctions against it by the United States and its allies will last for many years, but that US influence on the world economy is waning, Kremlin spokesman Dmitry Peskov said on Friday.

The United States blacklisted five Turkish companies as part of sweeping new sanctions aiming to hamstring the Russian economy over its war on Ukraine.

Russian energy giant Rosneft has appointed a former Indian Oil Corporation (IOC) director to its board in signs it may be looking at boosting trade links with India.

Russian President Vladimir Putin has called Prime Minister Narendra Modi "a big friend" of Russia and said his 'Make in India' campaign has had a "truly impressive effect" on the country's economy.

Russian President Vladimir Putin has said Prime Minister Narendra Modi's 'Make in India' concept has had a "visible effect" on the Indian economy, RT reported.

The UK will back Ukraine's economy to the tune of $3 billion over the next three years while it fights back against Russian forces, Prime Minister Rishi Sunak announced on Tuesday.

OPEC's share of India's oil imports fell at the fastest pace in 2022/23 to the lowest in at least 22 years, as intake of cheaper Russian oil surged, data obtained

The Kremlin said on Monday it was not ruling out Russian President Vladimir Putin attending a summit of leaders of the Group of 20 (G20) developed and emerging economies on Sept. 9-10 in New Delhi.

President Vladimir Putin took a swipe at Russia's business elite on Tuesday, urging those "begging" for money in the West to invest at home instead and telling them that ordinary Russians had no sympathy for their lost yachts and palaces.

The European Union ban on imports of Russia's seaborne oil from Dec5 has driven Moscow to seek alternative markets, mainly in Asia, for about 1 million barrels per day.

Leaders of the Group of 20 (G20) major economies made a declaration on Wednesday saying they "deplore in the strongest terms" Russia's aggression against Ukraine.

The share of Russian oil in India's overall oil import basket increased from 2 per cent to 13 per cent in a couple of months after the beginning of the Russia-Ukraine war, which led to a spike in energy prices globally, Union Finance Minister Nirmala Sitharaman said on Thursday.

The Russian government announced Wednesday that it was reintroducing a ban on petrol exports for another six months to "maintain a stable situation" on the domestic fuel market after major price hikes.

Russia's economy grew 3.6 percent last year thanks to a boost in military spending because of the offensive in Ukraine although long-term economic challenges remain, official data showed on Wednesday.

As he prepares to run for re-election in 2024, is President Vladimir Putin right to claim the worst is over for the Russian economy?

Russia is working on the assumption that sanctions against it by the United States and its allies will last for many years, but that US influence on the world economy is waning, Kremlin spokesman Dmitry Peskov said on Friday.

The United States blacklisted five Turkish companies as part of sweeping new sanctions aiming to hamstring the Russian economy over its war on Ukraine.

Russian energy giant Rosneft has appointed a former Indian Oil Corporation (IOC) director to its board in signs it may be looking at boosting trade links with India.

Russian President Vladimir Putin has called Prime Minister Narendra Modi "a big friend" of Russia and said his 'Make in India' campaign has had a "truly impressive effect" on the country's economy.

Russian President Vladimir Putin has said Prime Minister Narendra Modi's 'Make in India' concept has had a "visible effect" on the Indian economy, RT reported.

The UK will back Ukraine's economy to the tune of $3 billion over the next three years while it fights back against Russian forces, Prime Minister Rishi Sunak announced on Tuesday.

OPEC's share of India's oil imports fell at the fastest pace in 2022/23 to the lowest in at least 22 years, as intake of cheaper Russian oil surged, data obtained

The Kremlin said on Monday it was not ruling out Russian President Vladimir Putin attending a summit of leaders of the Group of 20 (G20) developed and emerging economies on Sept. 9-10 in New Delhi.

President Vladimir Putin took a swipe at Russia's business elite on Tuesday, urging those "begging" for money in the West to invest at home instead and telling them that ordinary Russians had no sympathy for their lost yachts and palaces.

The European Union ban on imports of Russia's seaborne oil from Dec5 has driven Moscow to seek alternative markets, mainly in Asia, for about 1 million barrels per day.

Leaders of the Group of 20 (G20) major economies made a declaration on Wednesday saying they "deplore in the strongest terms" Russia's aggression against Ukraine.

The share of Russian oil in India's overall oil import basket increased from 2 per cent to 13 per cent in a couple of months after the beginning of the Russia-Ukraine war, which led to a spike in energy prices globally, Union Finance Minister Nirmala Sitharaman said on Thursday.