The market for Russian government debt, which has already experienced two major sell-offs since April, is going into a recession, finanz.ru reports.

The price of Russian debt on the Moscow Exchange has fallen for two consecutive days, in light of news that the US Senate has introduced a bill which would drastically increase the sanctions against Russia. The document, which was put forward by an inter-party group, including republican John McCain and democrat Bob Mendendez, demands that the …

The West’s sanctions against Russian mining companies have been creating “serious problems” for Russian oil and gas extraction companies, who have become dependent on foreign technologies, stated Russian Security Council Secretary Nikolai Patrushev as cited by Interfax news agency.

“The financial and technological sanctions introduced by the US and their allies against Russian energy companies have highlighted the problem of domestic energy’s vulnerability and dependence on foreign capital and …

On Friday, the US Treasury Department imposed sanctions on a Russian bank, saying that the bank helped North Korea to circumvent the United Nations bans on the nuclear and missile programs of Pyongyang.

According to the US Department of Treasury, “Moscow’s Agrosoyuz Commercial Bank facilitated a significant transaction on behalf of an individual designated for weapons of mass destruction-related activities in connection with North Korea”.

The US Treasury’s press release states that the …