Russian Economy Archives

Top Crypto Exchange aggregator is blocked in Russia

Leave a Comment / Cryptocurrency news / By Penny Collins

According to the latest data, BestChange.ru, one of Russia’s major cryptocurrency websites, has got blocked after local lawmakers finally passed the country’s crypto regulation. BestChange.ru is an aggregator of about 400 local cryptocurrency exchange website. However, the website was blocked on Wednesday, August 26 by Russian telecom regulator Raskomnadzor (Federal Service for Supervision of Communications, …

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Mexican oil reaches a higher price since OPEC + and Russia break

Leave a Comment / Commodity News / By Penny Collins

This Wednesday, Mexican oil rebounded. It reached its highest price since March 6, when there was a break between the Organization of Petroleum Exporting Countries and its allies (OPEC +) and Russia. The oil price war and increase in production flooded the crude oil market. Pemex reported this Wednesday that it sold the Mexican mixture …

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Russia is ready to go through a period of declining oil prices

Leave a Comment / Commodity News / By Penny Collins

Dmitry Peskov, a spokesman for the President of Russia’s office, said that Russia could tolerate meager oil prices. The country has an excellent ability to maintain itself for a period of declining oil prices. However, the country was cautious in using oil reserves. The Kremlin official said it was difficult for President Putin to postpone …

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Conflict Between Belarus and Russia Affects European Market

Leave a Comment / Commodity News / By Eleanor Morris

The dispute between Russia and Belarus is starting to threaten the supply of fuel in European countries. For the first time ever, the long-running disagreement between the two is getting on the nerves of European experts and traders. Reports say that Belarus will take crude from transit pipelines once shipments from Russia are below 2 …

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