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Russia

Russia is a transcontinental country spanning Eastern Europe and northern Asia, and the world's largest country by land area. Its capital is Moscow, and the country has a population of about 144-million people. Russia operates as a federal semi-presidential republic, though its governance has become increasingly centralised under President Vladimir Putin. The economy is heavily dependent on natural resources, particularly oil, natural gas, coal and metals, which dominate exports and government revenues. Russia is a major global energy supplier, with state-controlled companies such as Gazprom and Rosneft playing pivotal roles in international energy markets. The country is also a significant producer of wheat, fertilisers and military equipment. Russia's currency is the rouble, and it is a member of regional blocs including the Eurasian Economic Union and BRICS Plus. The country has historically been a destination for labour migration from former Soviet states and, more recently, has sought to expand economic and diplomatic ties with African nations. Since the 2022 invasion of Ukraine, Russia has faced extensive international sanctions that have reshaped its trade relationships and prompted closer engagement with non-Western economies. Russia's business environment is characterised by state influence in strategic sectors, regulatory complexity and geopolitical volatility.

Latest Articles in 60 Seconds

SACP reaffirms solidarity with Russia over Ukraine

The South African Communist Party's Politburo, meeting on July 3, 2026, in Johannesburg, described Western support for Ukraine as an imperialist assault on Russia and pledged continued solidarity with what it called Russia's anti-imperialist operation. It framed a Russian victory as an achievement for anti-imperialist forces and linked this to a broader shift towards a multi-polar world order away from US dominance, also voicing support for Iran's resistance to Western pressure.

Nuclear expansion plans hinge on financing, workforce growth

A Nuclear Energy Agency report warns that scaling up global nuclear capacity will require sharply increased financing, with annual capital expenditure on new nuclear capacity currently at about $30-billion a year, largely driven by China and Russia. Under its most ambitious 'transformative' scenario, global capacity could more than triple to 1 324 GWe by 2050, though this depends on expanded workforces, supply chains and government-backed financing mechanisms.

Russia Updates


Oil in hand
Oil prices settle at pre-Iran war levels as crude output grows
7th July 2026 By: Reuters

Oil prices settled around pre-Iran war levels on Monday as Saudi Arabia slashed its official selling prices, OPEC+ approved another production target increase starting in August, and exports... 


A graph indicating nuclear capacity under construction, planned, proposed and prospective by region
Rapidly increasing global nuclear energy capacity would involve significant challenges
3rd July 2026 By: Rebecca Campbell

The Nuclear Energy Agency (NEA), an entity of the Organisation for Economic Cooperation and Development (OECD), has cautioned that successfully fulfilling global ambitions to significantly increase... 


Escape clause
26th June 2026 By: Riaan de Lange

South Africa on June 8 joined the ‘escape club’, ‘North, east, west, south, all in the same house’, with all due acknowledgement to the English pop-rock band The Escape Club. It joins the 2026... 


AVI KRAWITZ
The diamond industry is taking steps to give consumers assurance that the diamonds they purchase are ethically sourced and to give them the confidence to buy
Diamond industry at a turning point – expert
26th June 2026 By: Keabetswe Shilakwe

The natural diamond industry’s legacy operating model of scarcity driving desire and desire driving price is under strain and as the industry moves forward, producers and traders confront pressures... 


Menar coal mine
India nears 50% domestic coal use in import-based power plants, sources say
24th June 2026 By: Reuters

India is increasing the use of domestic fuel to more than 50% at power plants designed to run on imported coal, as the world's second-largest thermal coal importer seeks to curb costly overseas... 


Coal processing plant in Russia
India pivots to Russian crude and coal to mitigate Iran war fallout
23rd June 2026 By: Reuters

India has swung to buying Russian crude oil and coal to bolster its energy supplies after flows were disrupted and prices rose during the Iran conflict. The world's third-largest oil importer is... 


An image of gold
Gold central bank demand to persist – Heraeus
22nd June 2026 By: Tasneem Bulbulia

Gold’s characterises and the demand for this precious metal make it an excellent reserve asset; therefore, central bank demand is likely to continue to persist into the future, Heraeus Precious... 


The Unki smelter
Zimbabwe platinum producers owed $228m in unpaid export earnings
19th June 2026 By: Reuters

Zimbabwe's government owes platinum miners $228-million in unpaid export income under its foreign currency retention system, exerting pressure on a sector recovering from a price collapse, an... 


Pembroke coal exports
China's coking coal imports set to rise as Shanxi mine disaster hits supply, traders say
19th June 2026 By: Reuters

China's imports of coking coal, a steelmaking ingredient, are set to rise further this year after a fatal mine accident reduced domestic supply, traders said. Chinese importers have turned to... 


An oil tanker at sea
Hormuz reopening to release wave of oil supply, depress prices
18th June 2026 By: Reuters

Middle Eastern crude oil markets could come under further pressure if the Strait of Hormuz reopens on Friday following the US-Iran interim deal, releasing-millions of barrels of oil stranded in the... 


Oil rig operation in Iran
IEA sees significant 2027 oil surplus after Hormuz recovery
17th June 2026 By: Reuters

The oil market will move into a significant supply surplus in 2027 after recovering from the closure of the Strait of Hormuz, the International Energy Agency (IEA) said in its monthly oil market... 


Coal
China mine disaster, Indonesia policy changes upend global coal market
17th June 2026 By: Reuters

A deadly mining accident in China's biggest coal-producing region and mounting policy chaos around Indonesian exports are choking global supplies, which analysts and industry officials say could... 


Brics New Development Bank
BRICS Bank lends South Africa $1bn for cities, report says
17th June 2026 By: Bloomberg

New Development Bank is lending South Africa $1-billion for the State to upgrade infrastructure in its eight biggest cities, Business Day reported. The so-called metropolitan municipalities will... 


Blasting at a coal mine in Russia
India explores Russian coking coal assets, more nickel supplies, sources say
12th June 2026 By: Reuters

India's State-owned Steel Authority of India (SAIL) and NMDC are exploring acquisitions of coking coal assets in Russia as New Delhi seeks to secure supplies of critical raw materials, Indian... 


IMF MD Kristalina Georgieva
IMF MD Georgieva warns world isn’t ready for shocks that are piling up
8th June 2026 By: Bloomberg

International Monetary Fund (IMF) MD Kristalina Georgieva said that after facing crisis upon crisis in recent years, the world needs to build foundations that can withstand shocks that have become... 


Gold bar
Bushfires, rains dampen Australian first quarter gold output to 75 t
8th June 2026 By: Creamer Media Reporter

Australia’s gold output reduced to 75 t in the quarter ended March 31, owing to rain and bushfires in Western Australia. This compares to gold mine production of 73 t in the same quarter last year.... 


3D printed oil barrels and a percentage symbol
Oil prices climb more than $4 after Israeli strikes on Iran, Lebanon
8th June 2026 By: Reuters

Oil prices jumped more than $4 on Monday, with investors spooked by fresh Israeli strikes on Iran as well as renewed attacks on Lebanon a day earlier. Brent crude futures rose $4.42 or 4.47% to... 


Magazine cover image
Necsa outlines plans for rejuvenating South Africa’s nuclear sector
5th June 2026 By: Rebecca Campbell

The South African Nuclear Energy Corporation (Necsa), the State-owned company responsible for nuclear research and technology development, as well as the provision of nuclear applications and... 


Magazine cover image
Necsa outlines plans for rejuvenating South Africa’s nuclear sector
5th June 2026 By: Rebecca Campbell

The South African Nuclear Energy Corporation (Necsa), the State-owned company responsible for nuclear research and technology development, as well as the provision of nuclear applications and... 


Platinum ore
Russian Platinum plans November launch of Arctic mine
4th June 2026 By: Reuters

Russian Platinum plans to start production at its Arctic polymetallic project in November, the company’s owner said on Thursday. Currently only metals giant Nornickel produces platinum group... 


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