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Russia’s Currency Buying Spree Set to Pressure Ruble as Oil Revenues Rise

The ministry said it would buy 279.4 billion rubles ($3.30 billion) worth of foreign currency between Oct. 7 and Nov. 6 under Russia’s fiscal rule.

Ovechkin to Launch His Own Beer Brand in Russia

The NHL star is teaming up with a brewer built from Heineken’s former Russian assets to produce the OVI beer range.
3 Min read

Putin Says Chinese Cars Are Cheap. Yet Russian Buyers Pay a Hefty Premium.

Taxes, import charges and assembly costs push prices for Chinese vehicles to roughly twice those in China itself, industry analysts say.
4 Min read

OPEC+ Agrees to Keep November Oil Output Targets Steady

OPEC+ has been raising output targets for much of 2026 after years of production cuts, but most of the increases stayed on paper.
2 Min read

Germany's Merz Arrives in Kyiv to the Sound of Sirens and Explosions

“I will tell President Zelensky today: 'You can continue to count on our help,'” Merz said.
3 Min read

U.S.-Russia Talks on Ukraine Involve Multi-Billion Dollar Oil Deal, NYT Reports

Putin reportedly raised the deal during a Sept. 5 meeting with Witkoff and Kushner at the Kremlin.
1 Min read

Ex-Deputy Governor Who Planned to Fight in Ukraine Gets 14 Years for Military Supplies Theft

Alexander Vlasov, who also headed the Kuban Cossack Host, was arrested one day after he resigned in order to fight in Ukraine.
2 Min read

Ex-German Chancellor Schröder Joins Board of German Chain in Russia

It comes as Western retailers face the risk of state asset seizures, which Putin defended as a response to the EU freezing its state funds. 
2 Min read

Russia Will Consider Partial Lifting of Diesel Export Ban in Case of Overproduction, Novak Says

Novak said that the situation with Ukrainian drone attacks on Russia's energy infrastructure has remained "tense."
2 Min read
News Analysis

Here's How Russia Plans to Pay for the Ukraine War in 2027

Moscow is planning higher taxes, more borrowing and cuts to national health programs to help it fund its record defense spending.
4 Min read

Russian Businesses to Pay $5.7Bln in ‘Voluntary’ Budget Contributions – The Bell

Contributions surged after Putin’s annual meeting with business leaders in March, when he asked billionaires to contribute toward the war effort.
2 Min read

Russian Pro-War Writers Say State Has Failed Them

Poets and authors accused the authorities of failing to promote their work and restricting their access to schools and literary events.
2 Min read

Russian Exports to Turkey Fall 40% Amid Ukrainian Strikes on Southern Ports

Shipments to Turkey, Russia’s third-largest trading partner, totaled $1.93 billion, down from $3.23 billion in July.
2 Min read

Russia’s Finance Ministry Fails to Sell Bonds as Borrowing Plans Weigh on Market

The failed sale comes as the government prepares to borrow more to cover a widening budget deficit.
2 Min read

Russian Regions Turn to Residents and Businesses to Fund Bomb Shelters

Emergency Situations Minister Alexander Kurenkov said in February that his ministry was restoring more than 20,000 civil defense facilities nationwide...
2 Min read

St. Petersburg Plans Officials’ Pay Raises Amid Budget Cuts

Payments to Russian troops fighting in Ukraine and their families would also rise.
2 Min read

Government Extends Diesel Export Ban Until End of October

The government repeatedly imposed curbs on gasoline and diesel exports to rein in rising fuel prices and tackle shortages.
1 Min read

Russia’s Crude Exports Rise as Diesel Ban Limits Gains From Higher Oil Prices

The increase could help Moscow fund its rising military spending, but it comes with a costly trade-off.
2 Min read
opinion Charles Hecker

Moscow's Audacious Asset Grab Is a Warning to Western Companies

The seizure of Auchan and Nestlé is an unmistakable signal that even playing by the rules won't protect you from nationalization in Russia.
6 Min read
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