Natural shale gas production in the United States, the world’s largest producer, is expected to decrease due to low prices, a Gazprom company manager said on Friday, according to Reuters.
The Russian energy giant’s deputy CEO, Oleg Aksyutin, told the company’s inhouse magazine that U.S shale gas producers will start...
A $217-million loan recently issued by Russia to Moldova has become the cause of political controversy in the Balkan country, as the Constitutional Court has suspended its ratification in order to examine opposition claims of its illegality, Balkan Insight reports.
The decision came after opposition lawmakers challenged the agreement before...
Russia ranks 6th in the list of countries that grew the most billionaires in the past decade, Forbes magazine reported on Thursday.
The country has 38 more people whose fortune is estimated at $1 billion or more: in 2010 there were 61, and now, according to the magazine there are...
Russia's southern regions, the country's main area for wheat production and exports, are still gripped by dry weather, analysts said on Monday, with one consultancy, IKAR, downgrading its forecast for the 2020 crop, Reuters reported.
Rains are expected to arrive in those regions soon and could yet improve the situation...
Russia may need to borrow an additional 1.5-2 trillion rubles ($20-26.7 billion) to support its economy as a consequence of the coronavirus outbreak, First Deputy Prime Minister Andrei Belousov said on Thursday, according to Fomag.ru.
"The additional need for borrowing due to the state budget situation could amount to 1.5-2...
Russian investment professionals said in a poll by BCS Global Markets this week that they expect the effects from the COVID-19 outbreak on the Russian economy to peak in late-May, while seeing oil prices at $40 per barrel by the end of the year, bne Intellinews writes.
Unconfirmed reports have...
The survival of museums struggling during the coronavirus lockdown should be ensured by the state government, the head of Russia's renowned Hermitage Museum said this week, according to AFP.
Museums across Russia have gradually closed their doors to the public since the introduction of a ban on gatherings of more...
Two of the biggest metal trade events in Russia this year, the Metallurgy Russia and Litmash Russia trade fairs, originally scheduled for 9 to 11 June 2020, will be postponed to June 2021, Foundry Planet reported.
The two events have been successfully organised by Metal Expo/Russia in cooperation with Messe...
Credit rating agency Fitch has downgraded the outlook for Russia’s State Transport Leasing Company (GTLK) to stable from positive, whilst affirming the Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘BB+’.
A state-owned business, GTLK is Russia’s largest lease company and is the nation’s second biggest aircraft lessor.
The outlook revision...
The unprecedented oil market crash this week has put Russian crude under pressure, with its export-bound Urals blend falling by almost $6 to trade below $12 per barrel, according to energy information provider Argus Media.
The Russian oil benchmark, the price of which is determined in relation to Brent crude,...
