The two countries have been ramping up economic cooperation at an unprecedented pace Russia supplied more oil and petroleum products to China in the first ten months of this year than during the whole of 2022, as Moscow ramps up energy cooperation with the Asian country, Deputy Prime Minister Alexander Novak revealed on Friday.
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Foreign debt to Russia jumped by nearly 9% in 2022, RBK reported on Friday, citing data from the World Bank’s annual International Debt Report (IDR). According to the findings, a total of 37 states had outstanding debt to Russian creditors last year, amounting to $28.9 billion, marking a $2.3 billion (or 8.7%) increase from 2021.…
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The Russian economy is not expected to go into a recession next year, the head of the central bank, Elvira Nabiullina, announced on Friday. The country’s GDP is forecast to grow by around 2.7% this year, driven by strong domestic demand. For 2024, the central bank is projecting growth of 0.5% to 1.5%. This estimate,…
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