Oil producers from Kazakhstan, which export crude via the Caspian pipeline consortium (CPC), are seeking to divert flows to Russia’s Transneft from May in an attempt to minimize losses as CPC Blend margins and demand fall, five market sources told Reuters.
Companies including Chevron’s Tengizchevroil, Karachaganak Petroleum Operating (KPO) and...
Russian companies have pleaded to the government for the suspension of enforcement of environmental regulations during the coronavirus pandemic, Kommersant reported.
The Russian Union of Industrialists and Entrepreneurs (RSPP), an influential lobby group, warned that existing regulations would lead to an “uncontrolled spread of the disease,” according to its head...
This month, SME Bank (part of VEB.RF group), started issuing interest-free loans to SMEs to pay their employees' salaries as a part of government support measures for businesses affected by the spread of coronavirus COVID-19.
The new loan product for SMEs is aimed at urgent needs to support and preserve...
The Moscow-backed leader of Crimea said Monday that visitors should stop coming to the annexed peninsula during the coronavirus pandemic, after a surge in traffic to the annexed peninsula was observed this weekend, RIA Novosti reports.
Crimea, which Russia seized from Ukraine in 2014, banned all hotels and guest houses...
Russia suspects a cartel agreement was behind Monday’s massive plunge in global oil prices and suggests switching to take-or-pay contracts in the global oil trade, the Deputy Chairman of the country’s Security Council Dmitry Medvedev has said, according to Lenta.ru.
"What we see with regard to oil futures contracts is...
Russia is entering the third decade in which the country is a net importer of food, despite growing into the world’s biggest exporter of grain, bneIntellinews writes.
During the late Soviet period, Russia was a large importer of grain, soybeans and soybean meal, but managed to move up on the...
The number of coronavirus cases in Russia has risen by 4,268 over the past day, reaching 47,121 in all regions, the anti-coronavirus crisis center reported on Monday, TASS informed. Some 3,446 people have recovered and 405 others have died.
"Russia has registered a rise in coronavirus cases to 47,121 (+10%)...
Russia plans to more actively introduce Intelligent Transportation System (ITS) solutions in the national system of road traffic, including technologies which are based on renewables, a spokesman of the country’s transport minister Evgeny Ditrich has said, according to Vedomosti.
As part of these plans, a project for the installation of...
Before the government began imposing lockdowns in Russia as a result of the coronavirus crisis, the country’s citizens stockpiled a large amount of cash, Bloomberg reports citing data from the Bank of Russia.
Since the beginning of March, Russians withdrew about 1 trillion rubles ($13.6 billion) from ATMs and bank...
Russia would be find it very difficult to meet the domestic demand for virus protective gear without supplies from China and has decided to import a large quantity from the neighboring country, Industry and Trade minister Denis Manturov said on Sunday, according to TASS.
He said Russia was forced to...
