OPEC+ plans to organize a meeting of the ministerial monitoring committee on July 15 after the meeting scheduled for June 18, Bloomberg reported on Friday citing two sources, as quoted by TASS.
According to the report, the meeting of the technical committee is expected on July 14.
Earlier, sources told TASS that the...
Profits in the Russian banking sector slid to a record low in May, Central Bank chief Elvira Nabiullina said, The Moscow Times reported.
Banks made just 500 million rubles ($7 million) last month, Nabiullina told a State Duma committee, with net profit for the year so far coming in at...
Capacity utilization of systemic companies in the Russian automotive industry declined from 50% to less than 30% after two months of the lockdown due to the coronavirus pandemic, Izvestiya newspaper reports on Saturday, citing data of the Russian Ministry of Industry and Trade, TASS reported.
Automobiles production plummeted by 60.2%...
Coronavirus cases in Russia grew by 8,706 in the past twenty-four hours, bringing the total number of infected people to 520,129, the anti-coronavirus crisis center reported on Saturday, TASS reported.
The latest data indicates that daily growth equaled 1.7% compared to 1.8% a day earlier.
New coronavirus cases equaled 1,493 in...
The R-Pharm Group of companies, one of Russia’s leading biotech companies, has officially completed registration of Artlegia (olokizumab), a new drug which is initially designed for treatment of rheumatoid arthritis but which could be potentially recommended for the treatment of severe forms of COVID-19, according to the company, The...
Wheat exports from Russia, Ukraine and Kazakhstan will hold steady in 2020-21, a Reuters poll showed, due to a larger crop in Russia and Kazakhstan, making competition easier with the European Union, where output is forecast lower.
Most of the wheat exported from these three countries is moved via the...
Russia’s most-advanced new nuclear-powered submarine entered service on Friday, the defense ministry said, at a time of growing arms control tensions between Moscow and the West, Reuters reported.
The Knyaz Vladimir (Prince Vladimir) - designed to carry Bulava intercontinental nuclear missiles - was enrolled into the navy during Friday’s Russia...
Global demand for premium foods like wagyu beef, bluefin tuna and caviar has plunged with thousands of restaurants shuttered and many economies sliding into recession amid the coronavirus pandemic, Reuters reported.
As strict lockdown measures to contain the outbreak ravage global economic activity, the luxury food industry could be among...
Closing national frontiers to stop the spread of coronavirus was the right decision in January and February, but keeping them closed now makes no sense, according to Alexander Lukashev, a member of the Russian Academy of Sciences, Russia Today reports.
Lukashev, the director of the Martsinovsky Institute of Medical Parasitology,...
