Russia Financial News

The head of Russia’s biggest crypto mining firm says that Bitcoin (BTC) mining is more profitable in his country than in the United States – and that halving will only heighten the discrepancy.

Oil prices eased in early trade on Tuesday as anxiety over the global demand outlook for oil offset geopolitical tensions in the Middle East and supply worries following an attack on a Russian fuel export terminal over the weekend.

Vladimir Putin declared the 1867 sale of Alaska “illegal". In a post on X (formerly Twitter), a Ukrainian user ‘Igor Sushko’ wrote, “Putin signed an order insinuating the sale of Alaska to the United States in 1867 was illegitimate. This mofo is trolling the West and our leaders shake in their boots in response." “Hahahah - seriously.

By Renju Jose

Brent crude experienced a 90-cent increase, reaching $79.46 per barrel by 1450 GMT. Simultaneously, the front-month US West Texas Intermediate crude futures contract for February delivery saw a $1.10 rise, reaching $74.42 per barrel in subdued trading conditions as the contract approached its Monday expiration. The March WTI contract, which was more actively traded, rose by 91 cents to reach $74.16.

74th Berlin International Film Festival revealed its complete lineup at the official press conference in the House of the World Cultures in Berlin. Mariëtte Rissenbeek, Berlinale managing director, and Carlo Chatrian, the artistic director have presented the movies competing for the Golden and Silver Bears this year, both in the encounters and competition segments.

BBC, the visa scheme was severely criticised in the country for increasing corruption and allowing wealthy foreign nationals to park illegal funds in Australia. Moreover, the dominance of Chinese investors was visible on the list of successful applicants as the Australian government data revealed that 85% of the SIVs were granted to people from China.

Russian billionaire Dmitry Rybolovlev is exploring the possibility of selling his stakes in French soccer club Monaco. Rybolovlev has been the majority owner of Monaco since 2011.

Apple has paid a Russian fine of 1.2 billion roubles ($13.65 million), imposed over the company's alleged abuse of its dominant market position concerning in-app payments, Russia's FAS antitrust agency said on Monday. Apple, which did not immediately respond to a request for comment on Monday, has previously «respectfully disagreed» with a FAS ruling that Apple's distribution of apps through its iOS operating system gave its own products a competitive advantage.

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By Natalie Grover

The Russian metal mining giant Nornickel (Nornickel Norilsk) says it will start paying its employees dividends with “digital financial assets.”

NEW DELHI : The price of the Indian basket of crude oil is unlikely to reflect cheap Russian oil prices in the next financial year despite making up a significant chunk of India’s oil imports. The Indian basket of crude oil represents a derived basket comprising of sour grade (Oman & Dubai average) and sweet grade (Brent dated) of crude oil processed in Indian refineries in a ratio of 75.62 : 24.38. Two people aware of the developments said that irrespective of the quantity of Russian oil imports the crude basket price may not include their price as there is no benchmark price of the Russian crude variants.

By Andrew Osborn and Maxim Rodionov

charter plane with six people on board disappeared from radar screens over Afghanistan a day earlier, Russian aviation authorities said on Sunday, after Afghan police said they had received reports of a crash. The plane was a charter ambulance flight travelling from Thailand's Utapao Airport in Pattaya to Moscow via India and Uzbekistan on a French-made Dassault Aviation Falcon 10 jet manufactured in 1978, Russian aviation authorities said in a statement.

KABUL/MOSCOW (Reuters) -Russia's aviation watchdog said on Sunday four people survived the crash of a charter plane bound for Moscow in northern Afghanistan, citing the Russian embassy there, and it said the condition of two other passengers on board was not yet clear.

Vladimir Lenin has been gone for a century, but the evil he did lives on. The first leader of the Soviet Union died on Jan. 21, 1924, in Gorki, Russia (now called Nizhny Novgorod), after repeated strokes.

Japan has landed a spacecraft on the moon, an attempt at the world’s first “pinpoint lunar landing.”

Business and political elites descended on the Swiss Alpine snows of Davos to suss out “rebuilding trust” in a splintering world

Microsoft says state-backed Russian hackers broke into its corporate email system and accessed accounts of members of the company’s leadership team, as well as those of cybersecurity and legal employees

North Korea said Sunday it has agreed to further strategic and tactical cooperation with Russia to establish a «new multi-polarised international order,» as the two countries work to build a united front in the face of their separate, intensifying tensions with the United States. In describing North Korean Foreign Minister Choe Son Hui's meetings with Russian President Vladimir Putin and Foreign Minster Sergey Lavrov in Moscow last week, the North's Foreign Ministry said Putin also reaffirmed his willingness to visit Pyongyang and said that could come at an «early date.» North Korea has been actively strengthening its ties with Russia, highlighted by leader Kim Jong Un's September visit to Russia for a summit with Putin.