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PIPELINE POLITICS

U.S. Will Lift Nord Stream 2 Sanctions if Europe Suspends Construction, Says Biden Advisor

The U.S. imposed sanctions at the end of 2019 in an effort to halt the construction of the pipeline, which will transport Russian gas to Europe.
DESPITE CORONAVIRUS

Russia’s Sberbank Posts $10Bln Profit in 2020

Profits down on 2019, but state-owned lender weathers coronavirus storm better than first expected.
FOREIGN WEALTH

Russians Hold $180Bln Abroad – Tax Service

There are around 700,000 foreign accounts controlled by Russian individuals and legal entities, according to the Federal Tax Service.
HEADING WEST

Russia's Top Online Retailer Launches in Germany

Marketplace Wildberries is plotting expansion into lucrative Western European markets.
BUMPY ROAD

Russian Car Industry 'Survived' 2020 Despite Pandemic

Russia saw new car sales decrease by 9.1% in 2020.
BURGERNOMICS

Russian Ruble Is World’s Most Undervalued Currency on Big Mac Index

The ruble’s slump in 2020 means Russia now has the cheapest Big Macs in the world, according to The Economist.
opinion Sergei Kapitonov

Does China Need More Gas From Russia and Central Asia?

China is moving away from coal and dirtier energy sources. Can Russia help fill the gap?
GOLD BUG

Pandemic Pushes Russia’s Gold Reserves Above U.S. Dollars For First Ever Time

Moscow has shifted its international reserves away from the U.S. currency over recent years.
SLOW RECOVERY

Most Small Businesses Still Struggling, Warns Top Business Lobby

Small companies twice as likely to be hit by pandemic.
2021 LOOK AHEAD

Russia in 2021: Will the Economy Recover?

Russia’s economy is handling the coronavirus better than most. But austerity, bruised businesses and cautious consumers set the stage for a slow recovery...
PESSIMISTIC OUTLOOK

Russians’ Economic Optimism at Two-Decade Low – Poll

A Gallup poll found that only 6% of Russian respondents expect 2021 to be a year of prosperity.
2021 LOOK AHEAD

Russia in 2021: A Corporate Reckoning?

The pandemic exposed deep divides in Russia’s corporate world. How will the recovery play out?
TURNING ON THE TAPS

Russia To Raise Oil Production Under New OPEC+ Deal

Oil prices jump as Russia secures deal to increase production in February.
MOST WANTED

Masks, Sofas & TVs Top Russians’ 2020 Shopping Lists

Stay-at-home items proved, unsurprisingly, to be the most popular consumer goods of the year.
historic disaster

Russia Admits to ‘World’s Largest’ Arctic Oil Spill

“Such an amount of liquid diesel fuel has never been spilled in the history of mankind,” a top emergencies official said of the May 29 spill.
monetized service

Telegram Messaging App to Launch Pay-For Services in 2021

"We will be able to launch countless new features and welcome billions of new users," the app's founder Pavel Durov said.
End of an Era

Finland’s Nordea Bank Pulls Out of Russia

Nordea Bank said it "will concentrate its activities in the Scandinavian region."
refuted report

En+ Denies Sanctioned Russian Tycoon in Violation of Divestment Deal

Bloomberg had earlier reported that European officials said Deripaska “retained significant day-to-day influence” over Rusal and En+ despite divesting...
Political Theater

Putin Urges Food Price Cap As Russian Economy Falters

The Kremlin has shunned a second lockdown. But the pandemic is still causing financial headaches.
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