The US has capitalized on the restrictions, selling LNG to Europe at lucrative prices, the Russian Finance Minister said The sanctions the West has slapped on Russia over the Ukraine conflict are taking a heavy toll on the European economy, while the United States is the only actor profiting from the restrictions, Russian Finance Minister…

Foreign information technology (IT) companies that have left the Russian market following Western sanctions this year lost roughly $10 billion in profits, the head of Russia’s Ministry of Digital Development, Communications and Mass Media, Maksut Shadaev, said on Tuesday.

Britain’s real wages, which factor in inflation, are expected fall back almost to a two-decade low The average pay of a British employee next year will drop to a level last seen in 2006, according to the latest report on the UK economy by multinational consultancy PwC, released earlier this week.