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10 crazy facts about Russia [Infographic]
Back in 1939, Winston Churchill famously remarked that Russia was "a riddle wrapped in a mystery inside an enigma."For most people, his words ring true to this day.Although Russia is the largest...
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Putin is playing out his childhood nightmare
The Russian president is stepping up both the war in Ukraine and his confrontational rhetoric against NATO and the WestIn a book of interviews published when he first became Russia's president,...
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Morgan Stanley thinks Russia's doomed
Morgan Stanley has a short message for Russia: you're doomed.This past week hasn't been easy for the Russian economy: on Thursday, the EU foreign ministers decided to extend the sanctions on Russia by...
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15 Ukrainian soldiers have been killed in fighting in the past 24 hours
KIEV (Reuters) - Fifteen Ukrainian soldiers have been killed in fighting against Russian-backed separatists in eastern Ukraine in the past 24 hours, Defense Minister Stepan Poltorak said on...
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Here's why Russian businesses are in so much trouble
Russia is in a heck of a fix right now. Hurt by lower oil prices and U.S.-backed sanctions, the sprawling Eurasian country is on the precipice of a steep economic downturn thanks in no small part to...
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Report: The US is now considering arming Ukrainian forces
WASHINGTON (Reuters) - President Barack Obama's administration is taking a new look at providing Ukrainian forces with defensive weapons and equipment in the face of a rebel offensive that shattered a...
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Spotify has cancelled its launch in Russia
Spotify, one of the world's biggest music streaming services, has cancelled its plan to launch in Russia. BBC Russia reports today that the Swedish company has taken a dramatic U-turn and dismissed the...
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Greece's new prime minister said he won't go to Russia for aid
NICOSIA (Reuters) - Greek Prime Minister Alexis Tsipras on Monday said his left-wing government would make full use of a mandate for negotiations with European partners and ruled out seeking aid from...
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Russia's manufacturing sector hasn't looked this bad since June 2009
Things are getting uglier in Russia's manufacturing sector.Russia's HSBC composite output index fell to 47.6 in January, down from 48.9 in December, which was the sharpest deterioration in overall...
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Putin’s laundry list of problems continues to grow
Peace talks are dead and the body count is rapidly rising in Ukraine.More than 5,000 have perished since the conflict began and September’s ceasefire – for lack of a better word – has eroded.In an...
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Russian banks are set to lose 1 trillion rubles in 2015
The Russian central bank's rate drop last week will not be enough to prevent the country's banking system from posting heavy losses this year, which could run to as much as 1 trillion rubles ($14.5...
View ArticleThese 4 charts illustrate Russia's gas leverage over Europe
It's hard to overstate the power that Russia has over Europe. Each year, Europe pays Russia and its gas companies approximately $250 billion to supply 30% of Europe's energy needs. Some countries, like...
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Why a Danish manager had an incredibly hard time running a Russian team
What does a good boss look like? Try to answer the question quickly without giving it much thought. When you picture the perfect leader, is he wearing a navy Armani suit and a pair of highly polished...
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State Department budget 2016 includes $75 million to 'counter Russian...
Amid the growing threat of the Islamic State group, a trouble-making Russia and the influx of Central American children flooding the southern border last year, President Barack Obama is calling for the...
View ArticleOutraged Russians are Instagramming their food-inflation nightmare
Food prices are out of control in Russia.Inflation in the country is at its highest level since the financial crisis (about 11.4%), and some say it could get up to 17% around March.Things have gotten...
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Inflation in Russia is so crazy that officials are considering price controls...
Food prices are out of control in Russia.So now, Russian officials are even thinking about putting a price cap on "essential food products," reports the Moscow Times."We will see how to efficiently...
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The Saudis floated the idea of higher oil prices to get Russia to stop...
It looks as if Saudi Arabia might be using oil policy to pressure Russia into backing away from its support for the Syrian regime of Bashar Assad. The New York Times reports (emphasis ours): Saudi...
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Russian oligarch: The Kremlin's 'anti-crisis' plan is 'nonsense'
Last week Russia announced its $35 billion "anti-crisis" plan, which on paper aims to save Russia's badly bruised economy.But not everyone's a fan."That plan is nonsense," Russian oligarch Alexander...
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The man who was once Russia's largest foreign investor says he should've...
Hedge fund manager William "Bill" Browder was once the largest foreign investor in Russia, making his investors piles of money, but if he had to do it all over again, he never would have entered the...
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Russian central bank admits massive Rosneft bond sale fuelled the ruble crash
The head of Russia's central bank has admitted for the first time that the 625-billion-ruble (£6.2 billion) bond placement by state-owned oil giant Rosneft in December helped fuel the ruble's collapse....
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