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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.

Russia Updates


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... 


Image of Fikile Mbalula
DA requests IEC investigation over ANC-Russia ‘disinformation network’
4th June 2026 By: Thabi Shomolekae

The DA has formally requested that the Independent Electoral Commission launch an immediate investigation into ANC secretary-general Fikile Mbalula and his adviser Bongani Mbindwane. This... 


LNG tanker
LNG prices could go higher in significant volatility, Uniper executive says
4th June 2026 By: Reuters

Liquefied natural gas (LNG) prices could rise further in significant volatility than experienced so far during the Iran war if supply disruptions coalesce with hot weather in Asia and European... 


Uranium that is commonly known as
Southern Africa’s regional uranium production looking up as demand outlook rises
29th May 2026 By: Martin Creamer

The symbol U and the atomic number 92 are once again among the energy elements being looked at with greater intensity amid global fossil fuel supply disruption and growing demand for triuranium... 


Steelworker at smelter
Chinese coal disaster to ripple through steel, power, chemicals
28th May 2026 By: Bloomberg

The Shanxi coal disaster is likely to hit Chinese output in the short term, raising costs for steelmakers, power plants and chemicals manufacturers. The explosion at a coking coal mine that killed... 


Aluminium bars
Warning lights flash as aluminium reels from Gulf shock
25th May 2026 By: Reuters

The Iran war is shaping up to be one of the biggest supply shocks in the history of the aluminium market. Gulf production of the metal, which is used across sectors as diverse as transport,... 


Truck being loaded with coal in Mongolia
Mongolia's coal shipments to China surge 61% in April, overtaking Indonesia
22nd May 2026 By: Reuters

China's coal imports from Mongolia surged 61% in April, propelling it ahead of Indonesia, which is traditionally the world's largest coal exporter and has long been China's top supplier of the... 


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pqt: 0.151s - ct: 0.216s - 288pq - 2rq
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