The situation with the closure of international flights from Russia can lead to a bankruptcy of certain air carriers, First Deputy Minister of Transport and head of the Russian aviation regulator Rosaviatsiya Alexander Neradko said on Tuesday, according to Lenta.ru.
"The decline in revenues of airlines due to international routes...
The Dutch business community plays a prominent role in developing greenhouse horticulture in Russia, Meeuwes Brouwer, who has been an agricultural consultant in Russia for almost four years, told Horty Daily.
Agriculture is developing rapidly in Russia, with the country’s agricultural ministry focusing on stimulating exports that rose to around...
The world's biggest 14 publicly-traded oil companies saw their market capitalization decline by a total of $495 billion this week as oil prices, already battered by coronavirus outbreak, crashed after the collapse of an output deal between OPEC and Russia, IAM reports.
The stock price of Saudi Aramco, the world's...
Russian state-run air carrier Aeroflot announced on Saturday changes to flights to and from European destinations after EU countries began imposing travel restrictions to contain the spread of the coronavirus, the Moscow Times reports.
"From 16 March, scheduled flights will be temporarily suspended between Moscow and Barcelona, Burgas, Frankfurt, Heraklion,...
Russia’s Finance Minister Anton Siluanov told the upper house of parliament on Saturday that the country’s budget deficit could reach 0.9% of gross domestic product (GDP) in 2020 at current oil prices, Reuters reported.
The country's economy has been hit by a slump in global oil prices and the spread of the coronavirus, with...
The Russian government may announce new economic measures this week to help offset the dual impact of low oil prices and the coronavirus, Vedomosti reported.
Moscow is considering setting up a 300 billion ruble ($4 billion) fund as part of a larger “anti-crisis” plan to support citizens and the economy,...
Finland’s national air carrier Finnair has canceled flights to Russia along with some other countries in the wake of the coronavirus outbreak, the company said on Saturday, according to Yle News.
"Several countries have implemented new travel restrictions. Due to the situation, we cancel flights to Denmark and Norway 17.-31.3,...
The price war of the two largest oil producers could hurt other countries where production costs are larger, such as the United States, China, Brazil, and Northern Europe, analysts told TASS.
In the long run, a price war may turn out to be beneficial for both Russia and Saudi Arabia,...
Turkey’s Tersan Shipyard has signed a contract to build a new 108-meter freezer stern trawler for one of Russia's leading fishing companies. Okeanrybflot’s new vessel is slated for delivery in mid-2022 and will be the sister vessel to newbuild no. 1096 planned to be launched in June this year,...
Russian oil companies are comfortable with current and even lower oil prices and are preparing to raise production from April, oil executives said after meeting this week with Energy Minister Alexander Novak, OilPrice.com writes.
Top managers from major firms including Rosneft, Lukoil, Gazprom Neft, Tatneft, and Surgutneftegas, met with the...
