The biggest drop in the international gold price in more than a year has had a drastic effect on the value of the Bank of Russia’s reserves.

In just over three trading days, the price per troy ounce slipped by 3.4% from $1,330 to $1,285, and had fallen by 2.6% at the end of last week, the worst result since May 2017, finanz.ru reports.

The price reached an intraday low of $1283.3 on Monday, the lowest price since 25 January.

For the Bank of Russia, which is buying all the gold that is being …

Russia has linked the continuation of gas transit through Ukraine to EU countries with Kyiv implementing a number of conditions. Among other things, the signing of a new agreement depends on the stability of the political situation, said Prime Minister Dmitry Medvedev in an interview with Luxemburger Wort newspaper, published on Tuesday, March 5th, on the official page of the Russian government.

According to Medvedev, it is also necessary to regulate relations between companies interested in …

Russian frigate Admiral Gorshkov and its accompanying ships have entered the English Channel, TASS reports, citing the press service of the Russian Northern Fleet.

The frigate is accompanied by the multifunctional logistics support vessel Elbrus, the rescue tug Nikolai Chiker and Kama sea tanker. Before leaving the North Sea, the frigate and ships underwent communication practice and coordinated the procedures of passing through narrow channels. The squad is wrapping up a long journey from the …