In an interview, Minister of Economic Development Reshetnikov predicted an abnormally high economic growth in Russia in May. “It is quite natural that they [GDP data for May 2021] will be abnormally high, because we...

Russia ranks fifth in the world after the United States, Germany, Italy and France in terms of gold reserves. The abandonment of the dollar and reform can lead to a sharp demand for the precious...

Generally, the global oil market may recover from the consequences of the coronavirus pandemic by next spring, however, fluctuations in commodity prices will be serious. According to the president and co-owner of Lukoil, Vagit Alekperov,...

The Russian authorities have begun to prepare the domestic economy for the abandonment of the dollar. The Ministry of Finance said that stimulus are needed now to "move the economy far from the dollar." “Our,...

President Putin, performing on the St. Petersburg International Economic Forum, spoke about a serious blow that could be inflicted on the dollar. “If you look at what is happening - and these are not only...