Russia

Russia Articles

Troubled by both war and the threat of financial collapse, Ukraine got a lifeline from the International Monetary Fund.
The Ukrainian government has repeatedly claimed it is doing its best to improve the oil and gas investment climate, but official statements are the opposite of the reality.
The ratings agencies have struck again -- this time in Russia. Standard & Poor's has downgraded the nation to below investment grade.
One more downgrade, and Russia's government bond rating will be junk. The trend is moving rapidly in that direction.
Sales of new cars and light commercial vehicles in Russia declined by nearly 300,000 units in 2014, compared with the prior year.
Oil prices, the first among many things, caused credit rating agency Fitch to cut Russia's rating to "BBB- with a negative outlook."
Record high post-Soviet crude oil production in Russia weighed down crude prices Friday. Russia intends not to cut output this year and expects the price of crude to stabilize.
As Russia struggles to prop up its currency, the falling price of crude oil intensifies the pressure on both the ruble and the country's entire economy.
Many experts believe that Russia will fall into a deep recession next year, due primarily to a drop in oil prices.
Despite efforts to stabilize the crumbling ruble, the Russia trade just seems to keep going from bad to worse.
Sanctions, and perhaps a drop in oil prices, are expected to stop Russia's GDP from moving at all in 2015.
At the end of September, sales of new cars and light trucks in Russia year-to-date had dropped 13% year-over-year.
Morgan Stanley, in effect, has been told by one government agency to sell its oil-trading assets, and then prohibited from selling those assets by a different federal agency.
Exxon Mobil had about 350 feet to drill in its well offshore of Russia’s northern coast before it would know whether there was going to be any oil.
The last time we looked at sales of cars and light commercial vehicles in Russia, the situation was bad and headed toward being worse.