Business News in Russia

Russia’s Oil Output Falls to Lowest in at Least 2 1/2 Years

Russia’s crude output declined to the lowest in at least two and a half years in June as Ukraine attacked the nation’s oil infrastructure on an almost daily basis.

Russian Refinery Runs Plunge to Lowest in More Than Two Decades

A wave of Ukrainian attacks has pushed Russian refining runs to the lowest in more than 21 years, deepening a domestic fuel crunch and further squeezing the global market.

Russian Refinery Runs Plunge to Lowest in More Than Two Decades

A wave of Ukrainian attacks has pushed Russian refining runs to the lowest in more than 21 years, deepening a domestic fuel crunch and further squeezing the global market.

Deutsche Bank and UniCredit sue Linde over Russia sanctions losses

Test case will determine whether lenders can recover hundreds of millions of euros seized by courts

EU buys record amount of gas from Russia’s flagship plant

Europe purchased almost all the LNG produced by the Yamal facility in the first half of 2026 ahead of import ban

India’s Russian crude oil imports hit record in June

New Delhi, July 12: India’s imports of Russian crude oil surged to a record high in June, rising 34 per cent from the previous month despite a decline in Russia’s overall oil ex...

Russia’s economy is an ‘illusion’ built on debt, and a banking crisis is ready to explode, intel report says, while the Kremlin may seize pensions

The intelligence report estimated that 10% of Russia's corporate ⁠loans may not be repaid, while 15% of retail loans at some top banks may be non-performing.

Prediction markets see oil pop, Hormuz delay after strikes

Nashik: NIMA's HAL Vendor Meet Opens Doors For 300 Entrepreneurs To Launch Aerospace Units

Wagner’s remnants are running an opioid empire in the Center of Africa

Russia absorbed much of the mercenary group, but several hundred have used the painkiller tramadol to build a new haven.

Russia’s diesel export ban deals fresh blow to strained energy market

Russia’s decision to ban diesel exports this week has roiled global energy markets, exacerbating shortages of the industrial fuel and sending prices soaring, even in countries t...

IEA warns of petrol and diesel supply crunch

Refineries in Gulf and Russia hit by impact of wars, while global consumption has remained high

A Tiny Island Near Singapore Has Become Asia’s Hub for Russian Oil

At least $1.6 billion worth of Moscow’s diesel, fuel oil and other products has been funneled from Indonesia’s tiny Karimun into major markets across the region.

Ingenious father fixes dead RTX 3070 with a jerry-rigged capacitor from an old radio — Saves worried son $120 in repair costs, GPU 'works better than before' now

A Russian family has just saved the house $120 in GPU repairs after the father fixed it with a salvaged capacitor from an old radio.

While the U.S. flip-flops on chip sanctions, China is building its own chip supply market — export controls are creating conditions for a Sino-Russian chip trade alliance

As the U.S. makes up its mind on export controls for Chinese chips, China has been developing its own supply chain, and associated trade network.

Russia Swings to June Budget Surplus on Oil Rally Amid Iran War

Russia posted its first monthly budget surplus of the year in June as revenue jumped, buoyed in part by a surge in oil and gas receipts that’s likely to prove short-lived.

Russia bans diesel exports as fuel crisis deepens

Ukrainian strikes on refineries have led to the worst fuel shortages since the fall of the Soviet Union.

Mexico makes first LNG shipment to Asia

Confidence in traditional export avenues is waning, with much of the global oil and gas trade until recently coming from Russia or the Strait of Hormuz.

Alfa-Bank Moves Toward Crypto Trading With Digital Depository Plan

TLDR Alfa-Bank plans a digital depository before wider crypto trading access. Crypto trading tests have started for selected qualified Russian clients. Bitcoin, Ether, Solana, U...

Indonesia Gets First Russian Oil Shipment After Deal with Moscow

Indonesia imported Russian crude oil for the first time since a deal struck between the two nations in April, a sign of how Moscow has taken advantage of the Iran conflict to gr...