Gazprom stock plunged on Wednesday after the Russian energy giant reported its first quarterly loss in nearly five years as the coronavirus outbreak crippled gas demand and led to the devaluation of the ruble, Russia Today reported.
The supplier reported a net loss of 116 billion rubles (nearly $1.64 billion)...
India and Russia have the potential to strengthen economic cooperation by developing joint projects, particularly in Asia and Africa. That’s according to members of a video conference held by the two nations, Russia Today reports.
The event was organized by the Russian International Affairs Council (RIAC) and the Indian Council...
The Trump administration has imposed sanctions on companies connected to a Russian businessman who is close to Russian President Vladimir Putin and suspected of helping finance the covert social media campaign aimed at American voters ahead of the 2016 presidential election, CBC/The Associated Press reported.
The actions announced Wednesday take...
About 40% of the restaurant and hotel business in Moscow may be transferred to new owners due to the consequences of the coronavirus pandemic, the Moscow Commissioner for the Protection of the Rights of Entrepreneurs Tatyana Mineeva told TASS on Wednesday.
"If we talk about the hospitality industry, in particular...
Russia has resumed overseas supplies of lung ventilators, Minister of Industry and Trade Denis Manturov said on Wednesday, TASS reported.
"We started delivering lung ventilators abroad again," the Minister said. Awarded government contracts on lung ventilators and thermal imagers are close to completion now, he added.
Export of various personal protection...
Russia’s Ministry of Natural Resources and Environment developed a draft Strategy of development Russia’s activities in Antarctica for the next 10 years. In particular, it implies increased funding of investment projects from the federal budget, the Ministry’s press service announced Wednesday, TASS informs.
"The Strategy defines main aims, goals and...
The US sanctions Secretary of State Michael Pompeo warned about on Wednesday, are unlikely to seriously affect the TurkStream pipeline, Dmitry Marinchenko, head of the group for natural resources and commodities at Fitch, told TASS.
At the same time, these sanctions may create additional solvable difficulties for the implementation of...
Russia’s coronavirus cases rose by 6,428 in the past day to 752,797, the anti-coronavirus crisis center told reporters on Thursday, TASS reports.
According to the crisis center, the daily growth rate in the past 10 days did not exceed 0.9%.
New 349 cases were recorded in the Sverdlovsk Region, 256 in...
Gazprom has reported its first quarterly loss in more than four years as the coronavirus pandemic slashes gas demand and prices, The Financial Times reported.
A 30 per cent fall in the value of the ruble during the first quarter of 2020 sparked by the oil price collapse compounded a...
First driverless taxis can start operating in Moscow in 2024, Russia’s Deputy Transport Minister Alexei Semyonov said on Wednesday, TASS reported.
"If we efficiently start implementing the plan we are developing on the basis of our stakeholder authorities and key companies - these are the Transport Ministry, the Interior Ministry...
