News Highlights

Turkish officials told Reuters that Gazprom and Turkey are “likely to finalise a deal on natural gas prices by mid-July.”

Russian gas firm Gazprom has confirmed it has halted gas supplies to Ukraine after a breakdown on pricing talks.

Lurkmore, a Russian site described as the “satirical Wikipedia”, is suspending its operations because of increasing censorship, founder Dmitry Khomak has announced. The move follows a series of recent clashes with Russia’s media watchdog.

In continuation of a militarizing trend, Russia will deploy advanced aerial weapons systems to the Arctic, according to the deputy commander of Russia’s Aerospace Defense Forces.

The ruble headed for the lowest level in a week as support from monthly tax deadlines subsided and investors turned their attention to the Bank of Russia’s dollar purchases and companies’ foreign debt payments.

Russia has slashed over $500m from its official budget for the 2018 World Cup, according to the country’s news agencies. The Russian government ordered 30 billion roubles ($560m) in cuts after slashing spending on hotels and infrastructure.

The United States and its allies won’t let Russia “drag us back to the past”, U.S. Defense Secretary Ash Carter said in an address in Berlin on Monday, as he accused Moscow of trying to re-create a Soviet-era sphere of influence.

BP Plc’s $750 million purchase of a Siberian oilfield stake is as much a bet on China as it is on Russia. Taas-Yuriakh Neftegazodobycha LLC’s blocks near China’s northern border will supply the planned Tianjin refinery on the east coast, according to OAO Rosneft, which sold the 20 percent holding last week. BP Chief Executive […]

The Kremlin lashed back at the European Union for “Russophobic” policies and warned of possible further political retaliation after European officials extended sanctions for another six months Monday over Russia’s involvement in Ukraine.

Forget those Hummer stretch limousines. These days, several companies in Moscow are renting out APCs for couples riding off into matrimony — part of a military craze that is permeating Russia amid the conflict in Ukraine and a Kremlin drive to boost patriotism.