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Is A Russia-Cuba Energy Deal In The Works?

Authored by Irina Slav via OilPrice.com, The chief executive of Russian state oil major Rosneft met yesterday with Cuba’s President Raul Castro, suggesting that the two are working on an energy deal, Reuters reports. Rosneft started exporting crude oil to the Caribbean island earlier this year as its main supplier, Venezuela, struggled with a decline […]


Russia’s Former Economy Minister Sentenced To 8 Years In Jail

Last November, one week after Trump’s election and just as the “Russian collusion” narrative in the US was getting warmed up, we reported a bizarre incident in the top echelons, one in which Russia’s Economy Minister Alexey Ulyukayev was arrested on suspicion of taking a $2 million bribe in return for his ministry’s support of […]


Oil Producers Turning To Crypto To Solve Sanctions Problems

Authored by Tom Luongo, Last week, Venezuela announced it would develop a national cryptocurrency backed by its oil reserves, the Petro.  Now there is a report that Russia is considering the same thing.  Iran will likely follow suit. As of right now this is just a rumor, but it makes some sense.  So, let’s treat […]


Russia Warns Washington: Confiscating Gold Reserves Would Be “Declaration Of Financial War”

Russian Finance Minister Anton Siluanov warned Washington yesterday: "If our gold and currency reserves can be arrested, even if such a thought exists, it would be financial terrorism." After making the point that Russia's budget is prepared for the possibility of tougher US/EU sanctions, RT reports that Siluanov warned if the west include the seizure […]


Oil Price Drop Imminent If Moscow Says “No” To Extension

Authored by Irina Slav via OlPrice.com, As the November 30 meeting in Vienna of OPEC and its partners in the oil production cut deal nears, worry has returned among traders: one of the brokers of the deal might decide to walk out on the deal instead of participating in another extension. We’re talking about Russia, […]


Identity of Secret Informant In FBI’s Clinton Probe Unveiled

More information about the Congressional probes into the Obama-era Uranium One deal leaked out Thursday when Reuters reported that Senate Republicans say their investigation into the Clinton’s role in approving the deal largely hinges on the testimony of a secret informant who was until recently the subject of a federal gag order. But a month […]


Russia Goes All In On Arctic Oil Development

Authored by Tsvetana Paraskova via OilPrice.com, Neither sanctions nor persistently low oil prices are hindering Russia’s ambitions or plans to develop oil resources in its sections of the Arctic. In April, state-controlled oil giant Rosneft started drilling the northernmost well on the Russian Arctic shelf in the Khatangsky license area in the Laptev Sea. In […]


China Launches Yuan-Ruble Payment System

The monetary regimes of China and Russia, two of the world’s most resource-rich nations, are drawing closer with every passing day. In the latest push for convergence, China has established a payment versus payment (PVP) system for Chinese yuan and Russian ruble transactions in a move to reduce risks and improve the efficiency of its […]


De-Dollarization & Disintermediation – Russian Mobile Phone Operator Issues First Blockchain-Backed Bond

Authored by Tom Luongo via Gold, Goats, & Guns blog, For months now Russia has been moving into the blockchain space in a serious way. I’ve talked about these moves in previous articles (here, here and yes, even here) Image Source: CoinTelegraph But, the latest news is one that should have every one stand up […]


Did This Oil & Gas Deal Just Change The Global Energy Balance?

Authored by Dave Forest via OilPrice.com, One of the biggest energy stories this year has been Russia’s Rosneft buying India’s Essar Oil – giving the Russian company a firm grip on one of the world’s biggest emerging oil and gas markets.  And this past week, that story got more complex. With Rosneft striking another big deal […]


Kalashnikov Unveils New Anti-Drone Weapon

Authored by Mac Slavo via SHTFplan.com, While most western countries are reverting back to medieval technology to combat the use of drones, legendary Russian arms manufacturer Kalashnikov, makers of the AK series, has developed an advanced anti-drone gun. Drones are now becoming more widely available, therefore, anti-drone technology is becoming a major field in the defense industry. Of course, Kalashnikov is leading […]


US Trade Deficit Rises In July, Beats Estimates As Oil Imports Slide

The US trade deficit widened in July, growing by 0.3% from a downward revised $43.5 billion to $43.7 billion, and beating expectations of $44.7 billion, as exports decreased more than imports. The goods deficit decreased less than $0.1 billion in July to $65.3 billion. The services surplus decreased $0.2 billion in July to $21.6 billion. […]


Russian Central Bank Bails Out Otkritie Bank, Country’s Largest Private Lender

It’s been a while since the world had any bank solvency concerns; in fact, ever since the thrice botched bail out of Monte Paschi and the debacle that was Banco Popular, it has been largely smooth sailing. That changed moments ago, when the Russian central bank announced on Tuesday afternoon it has bailed out Otkritie […]