Source link The economy has largely recovered from last year’s sanctions-induced slump, according to VEB The Russian economy could expand beyond previous projections this year, Andrey Klepach, chief economist at the Russian state development corporation VEB.RF, predicted on Thursday. According to Klepach, gross domestic product (GDP) growth by the end of the year could reach […]
Source link Payments using Mir cards can now be made throughout Venezuela, Yvan Gil Pinto has said Russia’s Mir payment system is now accepted throughout Venezuela, the country’s Foreign Minister Yvan Gil Pinto announced on Thursday. Caracas said it was willing to join Russia’s national payment system last year and in June this year began […]
Source link The outflow of capital from Russia decreased more than sixfold in 2023 when compared to the previous year, according to the head of the country’s central bank, Elvira Nabiullina. She told the State Duma on Thursday that the Russian economy had recovered from the sanctions-induced crisis much faster than all the forecasts and […]
Source link Washington has introduced a slew of export curbs aimed at stalling advances in China’s semiconductor industry since last year Chinese companies are continuing to buy US chip-making equipment using gaps in Washington’s export controls, Reuters reported on Tuesday, citing the US-China Economic and Security Review Commission (USCC). The US introduced curbs on its […]
Source link The potential spread of the Israel-Hamas conflict threatens global oil supplies, the CEO of the energy services firm has said Growing global uncertainty amid the conflicts in Ukraine and the Middle East could have a negative impact on the world’s oil and LNG supply, Lorenzo Simonelli, chief executive of Baker Hughes, told the […]
Source link The two countries will switch to national currencies in trade, the Venezuelan foreign minister has announced Moscow and Caracas are making progress towards de-dollarization and hope to switch to national currencies in trade soon, Venezuelan Foreign Minister Yvan Gil Pinto announced on Thursday. Pinto, who is in Russia on a three-day official visit, […]
Source link Russia’s current account surplus has increased sharply, propping up the national currency as energy exports recovered despite pressure from Western sanctions, the country’s central bank reported on Tuesday. The current account, which measures the difference between money coming into the country through trade, investment and transfers against outflowing funds, amounted to $53.8 billion […]
Source link The measures have so far reportedly targeted securities linked with EU clearing house Euroclear Several leading Israeli banks have begun to segregate accounts belonging to Russian citizens or Russian tax residents, Forbes and RBK reported on Thursday, citing lawyers and financiers. According to Mark Oigman, founder of international financial company SmartGen, the measures […]
Source link The Maldives has received more than 180,000 visitors from Russia since the start of the year Most visitors to the Maldives this year came from Russia, local news outlet Raajje reported this week, citing data from the Ministry of Tourism. According to the report, more than 180,000 Russians have visited the tropical islands […]
Source link One of Russia’s largest private lenders, Tinkoff, has launched transfers in Thai baht via the SWIFT messaging system, the business daily RBK reported on Tuesday, citing a representative of the bank. Thailand is listed as one of the destinations for international transfers on Tinkoff’s website, which says the lender’s private customers can send […]
Source link The European Commission (EC) has substantially raised its growth projection for the Russian economy this year, issuing revised figures in its Autumn 2023 Economic Forecast released on Wednesday. Russia’s economy is set to rebound on the back of “stronger-than-earlier expected domestic demand underpinned by fiscal stimulus,” according to the EC. Brussels now expects […]
Source link The latest batch of restrictions will include a ban on diamonds and measures strengthening the oil-price cap The European Commission has accepted proposals for a 12th package of sanctions on Russia, RBK news outlet reported on Wednesday, citing an unnamed EU official. The approved draft proposals will now be submitted for consideration to […]
Source link The forbidden petroleum products have kept flowing to the US military through a Greek refinery, the outlet says The Pentagon is bypassing Washington’s own sanctions against Russia as it continues to buy petroleum products made from its oil, which takes a circuitous route to a US military supplier despite an ongoing embargo, a […]
Source link A new era characterized by multipolarity is being formed, the Russian foreign minister has told RT © Getty Images/WOWstockfootage You can share this story on social media: Follow RT on
Source link Budapest openly opposes sanctions and has continued energy cooperation with Moscow Hungary should end its dependence on Russian energy, EU Energy Commissioner Kadri Simson said during POLITICO’s Sustainability Future Week summit in Brussels on Tuesday. According to the bloc’s energy chief, it is “not [in Hungary’s] interest to continue this dependence.” “Even Hungary […]