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Russian Airlines Offer Child Discounts After Criticism From Putin

During last week’s annual press conference, Putin criticized airlines for not providing affordable airfare to large families.

Kremlin Calls European Gas Shipments ‘Complicated’ After Slovak PM’s Visit to Moscow

Robert Fico has warned that Slovakia faces a potential energy crisis after a gas transit deal between Moscow and Kyiv expires.
2 Min read

Russia’s Central Bank Keeps Interest Rate Unchanged at 21%

Analysts had expected policymakers to raise the key interest rate to as high as 23% this month as they continue to fight against rising prices.
3 Min read

U.S. Grants Turkey Exemption From Sanctions on Gazprombank, Energy Minister Says

Hungary earlier this week revealed it would also be granted an exemption for making gas payments through Gazprombank.
1 Min read

Putin Says Inflation ‘Worrying’ But Russian Economy Remains ‘Stable’

“With the economy as a whole, the situation in Russia is stable, despite external threats,” he said at his annual press conference.
1 Min read

Gazprom Shares Tumble to 16-Year Low as Ukraine Transit Winds Down

Gazprom was trading at 106.1 rubles ($1.02) per share on the Moscow Stock Exchange at its lowest point on Tuesday afternoon.
1 Min read

China Gains Foothold in Kazakh Uranium Mining as Russia’s Rosatom Sells Stakes

Uranium One Group sold 49.99% of its shares in Kazakhstan to Astana Mining Company, whose parent company is China’s State Nuclear Uranium Resources Development...
1 Min read

Sberbank Opens First Full-Service Branches in Occupied Ukraine’s Kherson, Zaporizhzhia Regions

Sberbank was among the first Russian companies to be sanctioned over the invasion of Ukraine, leading to its complete withdrawal from the European market...
1 Min read

Key Donbas Coal Mine Shuts Down as Russian Forces Advance on Pokrovsk

The closure of the strategically important Pischane coal mine poses a severe threat to Ukraine’s steel industry.
4 Min read

Russian Inflation Ticks Up Amid Ruble Woes

Prices rose 8.9% on an annual basis last month, up from 8.5% in October and more than double the state's 4% target.
2 Min read

Putin Drops Demand for Gas Payments Via Gazprombank

The decision comes after Gazprombank was hit with U.S. sanctions last month.
2 Min read

Russian Economy Shows Signs of Slowdown, Top Banker Warns

Sberbank CEO German Gref cautioned the Central Bank against "overshooting" its rates policy, making it "harder to return to the rails of economic growth...
2 Min read

Danish Brewer Carlsberg Sells Russian Business

The move comes a day after President Vladimir Putin signed a decree ending state control of the business.
1 Min read

Russian Authorities Anxious Over Holiday Food Prices

Prices for mayonnaise, a key ingredient in traditional New Year's dishes, are set to increase just before the holiday.
2 Min read

Russia’s Sberbank Expects 22-23% Key Rate Hike

Central Bank Governor Elvira Nabiullina has warned of “more drastic changes” in monetary policy amid stubborn inflation.
1 Min read

Medvedev Buys $4.4M British-Made Luxury Yacht

His latest reported acquisition stands in stark contrast to Medvedev’s fiery rhetoric against the U.K.
1 Min read

Sanctioned Russia Sells Shares in Angolan Diamond Mines

Russia's diamond giant Alrosa was until now a joint owner of Angola's Catcoa mine, the fourth-largest in the world, and Luele mine, in partnership with...
1 Min read

How Far Can Russia’s Ruble Fall Amid Its Latest Tumble?

Moscow will likely be able to halt the freefall triggered by mounting sanctions pressure, but its value will continue to gradually decline in 2025.
5 Min read

Russian Central Bank Halts Currency Buying Until 2025 as Ruble Slides

The suspension comes as the ruble traded as low as 113 to the dollar for the first time since March 2022.
1 Min read
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