Oil prices extended their slump Wednesday, with WTI hitting the lowest level since 2002 as planned output cuts were deemed insufficient to offset a coronavirus-fuelled slump in demand, The Guardian reports.
The benchmark WTI contract tumbled to $19.20 per barrel, the lowest level in 18 years. Shortly after, around 11:20,...
The two Russian plants of Croatian car parts maker AD Plastik have restarted production to meet the needs of its Russian client AvtoVAZ, the company said on Wednesday, according to SeeBiz.
Earlier this month, AD Plastik, which produces plastic components for the automotive industry, announced that its Russian plants will...
Domestic tourism in Russia may resume in July, but the country’s resorts will have to reduce prices by 20-40% in order to attract visitors after the pandemic, the CEO of tour operator Intourist Victor Topolkaraev has said, according to Finmarket.
“If the situation with coronavirus will go on a positive...
Concerns are being raised about this year's grain harvest among Russian farmers and analysts as meteorologists forecast dry spring weather with little rain expected in the next two weeks, Reuters reported.
A larger crop is still expected in 2020 than a year ago as farmers sowed a bigger area with...
A group of liberal economists has called on the Russian government to dramatically boost its economic relief measures amid the coronavirus crisis by letting the Bank of Russia increase the money supply and handing over large cash payments to Russian citizens.
In an article published by Liberal.ru, the experts argue...
Russian President Vladimir Putin has welcomed the initiative to broaden the practice of ‘green corridors’ to promote the movement of goods in the Eurasian Economic Union (EAEU) amid the coronavirus pandemic, RIA Novosti reports.
"For import to the EAEU territory of socially important goods, food, drugs, medical equipment and individual protective gear...
Real incomes of Russian citizens could drop by 12% in 2020 and the unemployment rate may grow to 12.1%, the Center for Strategic Research (CSR) says in its weekly monitoring of the business environment in the country, according to Finmarket.
The sharp devaluation of the ruble, the coronavirus crisis, and...
Demand and prices for ginger in the Russian market have skyrocketed in recent weeks, as Russians persist in believing the root has miraculous properties that combat the coronavirus, Global Trade Magazine reported.
According to the report ‘Russian Federation – Ginger – Market Analysis, Forecast, Size, Trends and Insights’ by market...
Russia will not ask the European Union to withdraw the 2014 sanctions amid the coronavirus pandemic, Russian Foreign Minister Sergey Lavrov said in an online interview Tuesday, according to Interfax.
"Should the European Union realize that the method has exhausted itself and withdraw its decisions made in 2014, then...
Russian nickel and palladium producer Norilsk Nickel (Nornickel) increased in 2019 investments in ecology projects by 21.6% to 39.5 billion rubles ($538 million), the company reported, according to 1-Line.
Nornickel’s industrial assets are located in Russia’s Norilsk Industrial District, on the Kola Peninsula and in the Trans-Baikal Region, as well...
