Russia is on pace to run out of financial reserves by this fall, which would cripple war efforts, economist says
Russia has spent most of its National Wealth Fund in the past few years, with liquid funds potentially being depleted in 2025 ...
Russia's Feb oil exports from western ports seen down 8% m/m as sanctions bite
Russia's crude oil exports from its western ports in February are set to fall by 8% versus January's plan as Moscow increases ...
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Russia's international reserves up to $609.5bn in 2024, but the NWF down by over a trillion rubles to RUB3.8 trillion
Russia's international reserves were reported at $609.5bn as ... to cover the whole budget deficit for at least two years. The federal budget deficit was projected to end 2024 at RUB3.3 trillion ...
USD/RUB forecast: here’s why the Russian ruble is soaring
The Russian ruble is back. The USD/RUB exchange rate has retreated from last year’s high of 114.45 to the current 98.30, its ...
Trump treasury pick Scott Bessent calls for stronger Russia sanctions, Fed independence at confirmation panel
Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax ...
Trump Treasury pick Bessent backs US Fed independence, dollar, sanctions on Russian oil
Mr Scott Bessent is a hedge fund manager and founder of Key Square Capital Management. Read more at straitstimes.com.
Trump's treasury secretary pick says more Russia sanctions possible
US President-elect Donald Trump's pick for treasury secretary, Scott Bessent, took part in a confirmation hearing with lawmakers on Thursday. He said additional sanctions on Russia could be imposed to ...
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Russia is on pace to run out of financial reserves by this fall, which would cripple war efforts, economist says
The nation's liquid reserves have dwindled to $31 billion, down from $117 billion in 2021. Limited funds could hinder Russia's further war efforts. Russia is facing a critical challenge to its war ...
Trump Treasury Pick Bessent Backs Fed Independence, Dollar, Sanctions on Russian Oil
WASHINGTON (Reuters) -President-elect Donald Trump's pick for Treasury secretary, Scott Bessent, said on Thursday that the dollar should remain the world's reserve currency, the Federal Reserve should ...