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Russian Ruble Falls to 100 Per Dollar in Official Exchange Rate

Wednesday’s rate, pegged by the Russian Central Bank at 100.03 rubles per dollar, reflects a nearly 19% devaluation since early August.

Alcohol Sales in Russia Reach Record High in 2024 – RBC

The increase in alcohol consumption coincides with a rise in alcohol dependency rates reported by Russia’s state statistics agency.
1 Min read

Russia To Stop Delivering Gas to Austria – Energy Company

Austria has long been heavily dependent on Russian gas, but its environment minister Leonore Gewessler insisted the energy supply was secure.
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Russian Oil Refineries Risk Closure Amid Mounting Losses – Reuters

“We expect that the actual [plant] closures may take place at the beginning of next year,” an anonymous source familiar with the matter told Reuters...
2 Min read

Russia to Launch Trump Vodka

The patent application for Trumpovka brand vodka includes a distinctive label featuring Trump’s silhouette holding an accordion.
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Niger Invites Russian Firms to Mine Uranium, Other Resources

The move comes after authorities in Niger suspended French nuclear group Orano’s mining permit for one of the world’s largest uranium deposits.
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Iranian Bank Cards Now Usable in Russia

Transactions have been made possible by linking Iran’s Shetab interbank network with Russia’s Mir payment system.
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Rosneft Denies Reports of Mega Oil Merger Plans

The state-backed oil giant accused journalists of trying to tarnish CEO Igor Sechin’s reputation, sarcastically referring to him as “evil Sechin.”...
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Russia Faces a Wave of Bankruptcies as Borrowing Costs Skyrocket

Corporate bankruptcies in Russia have jumped by 20% this year as soaring interest rates and liquidity shortages push firms closer to financial ruin.
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No ‘Trump Rally’ for Russian Stocks, Tycoons

The Russian benchmark stock index gained following Trump’s victory, but it remains lower than it was this summer or before the Kremlin’s full-scale...
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Russia to Mine Bitcoin in BRICS Countries

The project could see the BRICS group of nations — which already has a combined gross domestic product larger than the G7 — build a crypto-based payment...
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Trump’s Win Gives Optimism to Russian Brokers

“All the talk this morning is about how to trade Russia and whether sanctions will be thrown off,” FT wrote.
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IKEA Sells Last Remaining Warehouse in Russia

The IKEA distribution center’s value is estimated at between $163 million and $183.5 million, industry experts said.
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Putin’s Guns-And-Butter Economics Take a Blow as Russia Turns to Turkish Dairy Farmers

The price of a block of butter has risen by 26% since December, pushing officials to seek new suppliers abroad.
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3 Ways Trump's Victory Will Impact the Russian Economy

At least from an economic point of view, there are no good omens for a second Trump administration.  
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Russia’s Central Bank Signals ‘Very Likely’ December Rate Hike

“While a rate hike at the next meeting is not predetermined, its probability is very high,” the regulator said in a new summary of last month’s policy...
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Butter Prices Spike in Russia. Dairy Producers Blame Ice Cream

The surging prices have led to increased thefts in some supermarkets and prompted Moscow to boost imports of the staple good.
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Russia’s Central Bank Chief Vows ‘Tough’ Response in Fight Against Inflation

“We’re not planning to take any shortcuts as we move toward our 4% target,” Russian Central Bank Governor Elvira Nabiullina told lawmakers.
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Russia Fines Google $2.5 Decillion Over YouTube Bans – RBC

Google reportedly began accumulating daily penalties of 100,000 rubles in 2020 after it was ordered to restore pro-government YouTube channels.
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