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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 News


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... 


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... 


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.... 


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... 


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... 


Truck in coalfield
Deep under China's coal basins, PetroChina is unlocking gas from rocks
22nd May 2026 By: Reuters

Thousands of metres below its vast coal basins, China is tapping an unconventional fuel source in a multi-billion-dollar effort to unleash new supplies of natural gas and further Beijing's goal for... 


Photo of Martin Creamer
On-The-Air (15/05/2026)
15th May 2026 By: Martin Creamer

Martin Creamer talks about uranium demand, Northern Cape copper and Cementation Africa. 


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pqt: 0.111s - ct: 0.168s - 275pq - 2rq
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