At least $120 billion in additional revenues from a deal with members of oil production alliance OPEC+ were poured into the Russian state budget over the past two years due to oil price adjustments, Energy Minister Alexander Novak has said, according to Rex news agency.
"Over the two years of the...
Private companies are helping NASA enter the next generation of U.S. space exploration, adding uncertainty for the future of a long-standing cooperative relationship between the two countries, RFE/RL writes.
When NASA ended its shuttle program in 2011, the U.S. turned for help to Russia’s space agency Roscosmos and the country’s Soviet-era design Soyuz...
The Russian government will evaluate a pending extension of the effective grace period for the import of western-built passenger jet aircraft – and deliver its deliberations by April 2019, Rusaviainsider.com reports.
President Vladimir Putin has also proposed the possibility of a trade-in, part exchange scheme for purchases of Russian-built aircraft, the...
In the biggest outpour of foreign investors’ money from Russia since 2013, international companies have reportedly withdrawn more than $1 billion from Russian funds in 2018, a year marked by geopolitical turbulence, Kommersant reports.
Last year, $900 million in foreign investments left the country in anticipation of new U.S....
The cost of groceries necessary to set the New Year table has been assessed at 6,253 rubles ($90.20), a 1.6% rise year-on-year, the Russian Ministry of Agriculture said on Friday, according to TASS.
"Calculations based on the account of price fluctuations of the current year and seasonal December dynamics show...
The Russian sovereign wealth fund RDIF, Japan's Mitsui & Co Ltd, and Saudi Aramco are in talks to buy stakes in Novatek's Arctic LNG 2 project, sources familiar with the talks told Reuters, adding that the size of the investments is still to be decided.
Novatek plans to start producing...
The creation of a Eurasian Economic Union (EAEU)-backed digital currency is inevitable due to United States sanctions against Russia, the country’s deputy finance minister has said, according to Crypto News.
Alexei Moiseyev revealed that the Finance Ministry sees an opportunity for launching a digital currency backed by countries in the...
A shortage of raw materials for confectionery products and their high cost has driven the prices of sweets in Russia up by almost 30% since the beginning of 2018, industry players and experts from the Russian Ministry of Industry and Trade have said, according to Confectionery Production.
The data has...
Russian lawmakers have postponed the second reading of a long-awaited bill intended to regulate cryptocurrencies in the country, Crypto Mining reports.
Lawmakers will review the draft law “On Digital Financial Assets” during the spring parliamentary session next year, the house deputy speaker Sergey Neverov has said, according to the...
The United States Treasury Department said on Thursday it is giving investors more time to wind down connections with sanctioned Russian company GAZ Group, a company in which blacklisted Russian billionaire Oleg Deripaska holds a large stake, Reuters reports.
The announcement comes a day after the Treasury said it...
