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#Economy of Russia

Is A Russia-Cuba Energy Deal In The Works?

Authored by Irina Slav via OilPrice.com, The chief executive of Russian state oil major Rosneft met yesterday with Cuba’s President Raul Castro, suggesting that the two are working on an energy deal, Reuters reports. Rosneft started exporting crude oil to the Caribbean island earlier this year... Далее

Russia's Former Economy Minister Sentenced To 8 Years In Jail

Last November, one week after Trump's election and just as the "Russian collusion" narrative in the US was getting warmed up, we reported a bizarre incident in the top echelons, one in which Russia's Economy Minister Alexey Ulyukayev was arrested on suspicion of taking a $2 million bribe in return... Далее

Oil Producers Turning To Crypto To Solve Sanctions Problems

Authored by Tom Luongo, Last week, Venezuela announced it would develop a national cryptocurrency backed by its oil reserves, the Petro.  Now there is a report that Russia is considering the same thing.  Iran will likely follow suit. As of right now this is just a rumor, but it makes some... Далее

Russia Warns Washington: Confiscating Gold Reserves Would Be "Declaration Of Financial War"

In a surprising, and unexpected warning - which seemingly came out of nowhere - Russia's Finance Minister Anton Siluanov cautioned Washington yesterday that "If our gold and currency reserves can be arrested, even if such a thought exists, it would be financial terrorism." The comment appears to... Далее

Oil Price Drop Imminent If Moscow Says "No" To Extension

Authored by Irina Slav via OlPrice.com, As the November 30 meeting in Vienna of OPEC and its partners in the oil production cut deal nears, worry has returned among traders: one of the brokers of the deal might decide to walk out on the deal instead of participating in another extension. We’re... Далее

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