Russian energy revenues set to rise – Finance Ministry

Russia’s revenues from oil and gas exports could surge by almost a third next year, the country’s Finance Ministry stated in a budget policy document published on Thursday.    According to the ministry’s forecast, Russia’s proceeds from oil and gas sales are set to rise by 30% in 2024, from $91 billion to $118.2 billion.…

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Where Russians Buy Real Estate Abroad

At the beginning of 2024, the demand for the purchase of foreign real estate from Russians decreased by 10-50%, according to various experts. Fluctuations in the foreign currency exchange rate, especially the dollar, have been a significant contributing factor. As the financial side of the issue began to stabilize in the country, interest in real estate in…

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Ukraine claims Russia targeted major port city

The alleged attack did not damage grain storage at the facility, according to the Ukrainian military Ukraine has claimed that Russia launched a cruise missile strike on the port of Odessa, a major trade hub in the country’s southwest. The claim, made by the Ukrainian military and officials, comes a day after a UN-brokered deal to…

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