The building of giant stadiums for international events is often seen as the zenith of construction. However, many argue that the cost of these mega-projects outweighs the eventual benefits as they continually struggle to make economic sense

Behind the facade of an assertive foreign policy, many believe that Russia maintains a spluttering economy. Doubts remain as to whether Putin’s re-election earlier this year will do anything to reverse this economic stagnation

OPEC members and other oil producers have reached a deal to prolong production cuts for a further nine months

Oil and gas giant Exxon Mobil hopes to resume its joint venture with Russia’s Rosneft after US sanctions shelved the project in 2014

Since the early 1990s, economic sanctions have emerged as a favoured foreign policy tool. With the US ramping up measures against North Korea and Russia, it seems sanctions are here to stay – despite their many flaws

Apple could face a fine of up to 15 percent of its Russian sales after an investigation by Russian authorities found the company guilty of orchestrating an illegal price-fixing scheme

Sberbank, Russia’s largest bank, announces plans to implement Islamic banking regulations in the country’s traditionally Muslim areas

Multiple agreements are signed between Moscow and Beijing, bringing the two states closer together

In Russia’s latest move to forge closer ties in Asia, bilateral agreements have been signed with Thailand in a bid to improve economic cooperation

Russia has called for the EEU to adopt its own single currency and central bank

Is the EEU a reincarnation of the USSR or a genuine enterprise for regional economic development?

Having ascended to the EU presidency for the first six months of 2015, Latvia now has the perfect opportunity to ensure its recent economic upswing is not quashed by Russia’s regional meddling

Russia’s central bank must do away with its 15-year unlimited intervention policy, or risk exasperating its currency losses

Russia’s central bank has raised its key rate to 17 percent to limit rouble depreciation and inflation risks

A 40 percent slump in oil prices since the beginning of the year is weighing heavy on Russia’s rouble