Russian Deputy Prime Minister Novak named a condition under which oil prices will rise to $200 per barrel. He believes that this is possible if funding for new oil projects is terminated. “I cannot imagine...

The Russian economy is emerging from a difficult situation caused by the coronavirus pandemic, Russian President Putin said. “Russia manages to overcome the difficulties that the whole world faced during the previous year. And our...

China will hold a lottery and distribute 40 million yuan ($6.2 million) to Beijing residents in digital currency, according to data from the Bureau of Local Financial Supervision and Administration. Through mobile banking applications, Beijing...

Russian oil exports to non-CIS countries fell by 15.7 percent in January-May 2021 and amounted to 85.36 million tons. Average daily exports were 4.14 million barrels. Meanwhile, Russian companies increased oil supplies to Belarus by...

The Chinese yuan will become the world's reserve currency instead of the dollar, and faster than expected, said billionaire investor Ray Dalio. He believes that in the coming years the Chinese currency will be used...