Economy of Russia

Oil prices have surpassed 0 per barrel, and stock prices around the world have collapsed after Russian President Vladimir Putin declared a "military operation" in Ukraine with a hint of a bigger war.

Exchanges have collapsed since earlier this week after the Kremlin recognized two breakaway regions in eastern Ukraine on Monday night and later sent "peacekeepers" to them.

Russia has expelled US Deputy Ambassador Bart Gorman, Russia Today reports. According to media sources, Washington is planning retaliation after Moscow expelled a senior US diplomat. According to TASS, citing a source from the US embassy in the Russian capital, Gorman was urged to leave the country immediately. It is unclear what motives Moscow has given for the expulsion.

Orban and Putin used to meet once a year before the COVID-19 pandemic hit, and this was their 12th reunion, but probably the longest, which at five hours is an unusually lengthy discussion in diplomatic terms, indicating perhaps sharp disagreements behind the scenes.

The gas price in Europe yet again break historic record during the September 30 trading session and rose over $1100 per 1,000 cubic meters, according to the ICE data on Thursday morning.

The global economy may see the highest growth rates in decades following a decline caused by the coronavirus pandemic, while Russia's economy is already approaching pre-crisis levels, Russian President Vladimir Putin said, addressing the plenary session of the St. Petersburg International Economic Forum (SPIEF) on Friday.

Russia may open for vaccine tourism starting July, Chief Executive Officer of Russian Direct Investment Fund (RDIF) Kirill Dmitriev said at the St. Petersburg International Economic Forum on Friday.

"Russia may open for vaccine tourism starting July," he said.

Border police officers, tax inspectors and customs officials will begin an inspection of Russian oil giant Lukoil's oil port located near the Bulgarian Black Sea city of Burgas on Wednesday.

Russia will end its participation in the International Space Station after it reaches the end of its planned lifespan in 2024, a senior official has confirmed. Moscow is already working on a new station to replace the current one.

Russia’s space agency Roscosmos said in a statement that a memorandum was signed between the two countries

The recent warm climate between Greece and Egypt is not solely limited to defense cooperation; it is also attracting the interest of the business community.