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Germany Takes Control, Of 3 Russian-Owned Oil Refineries

Germany is taking control of three Russian-owned refineries in the country to ensure energy security before an embargo on oil from Russia takes effect next year, officials said on Friday. The Economy Ministry said in a statement that Rosneft Deutschland GmbH ...

EXPLAINER: What Would A Russian, Bond Default Mean

Ratings agencies say Russia is on the verge of defaulting on government bonds following its invasion of Ukraine, with billions of dollars owed to foreigners. That prospect recalls memories of a 1998 default by Moscow that helped fuel financial ...

Russian Sanctions Are Biting The Harder Than It Could Have Imagined, And it’ll Get Worse

By Steven Hamilton, Australian National University Sydney, Mar 3 (The Conversation) It was only on Sunday that I wrote about the radical escalation in the economic and financial side of the war between Russia and Ukraine. That was before ...

Major Russian Fund Replaces Dollar With Euros, Yuan, And Gold

Russia said Thursday it will completely remove the US dollar from its rainy day fund, a move intended to counter American pressure two weeks before a summit of the two countries' leaders. Finance Minister Anton Siluanov told an economic forum in ...