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Kommersant newspaper reported on Wednesday, citing informed sources, that Russia’s oil production rose by about five percent in June to 1.46 million tons per day, or 10.7 million barrels per day.

Moody’s, a credit rating agency, confirmed that Russia had defaulted on its foreign debt for the first time in 100 years after bondholders confirmed they had not received an interest payment of $100 million. Moody’s said Russian sovereign debt holders had not received their $100 million euro bond payment coupons …

A Russian Kremlin spokesman has rejected accusations that Russia has defaulted on its foreign debt for the first time in more than a century. In a call with reporters, Kremlin spokesman Dmitry Peskov said that Russia had made bond payments due in May but had been blocked by Euroclear due …

The Kremlin said on Thursday that no agreement had been reached with Turkey on the export of Ukrainian grain shipments through the Black Sea. Kremlin spokesman Dmitry Peskov told reporters that work was continuing to reach an agreement. Turkey has been pressing for an agreement between Russia and Ukraine on …

Kremlin aide Maxim Oreshkin was quoted by the RIA news agency as saying on Friday that Russian imports fell sharply in March due to logistical restrictions and the withdrawal of Western companies from the country. He expected the decline to reach “tens of percent”. The Russian current account surplus is …

The Russian oil embargo may be part of the The European Commission, the European Union’s executive arm, is preparing proposals for an EU embargo on Russian oil, the foreign ministers of Ireland, Lithuania and the Netherlands said on Monday, although there is no agreement yet. Referring to the commission, Irish …

The Treasury secretary, testifying before a House committee, said the US would continue finding ways to punish Russia for its invasion of Ukraine.Treasury Secretary Janet L. Yellen said that the United States would continue taking steps to cut Russia off from the global financial system, even as many European countries …

U. S. Joe Biden met with business leaders on debt ceiling. Biden reiterated that raising the debt limit is about paying what the Americans owe.Biden also stressed that any action regarding raising the debt limit should be bipartisan. Senate Republicans are threatening to stop the debt limit increase by using …