The sharp drop in oil prices and the following fall of the ruble to a four-year low pose no immediate risks to the Russian budget, but they may hurt already weak investment activity and thwart President Vladimir Putin's plans to raise living standards in the country, analysts told Reuters.
Since...
Demand for long shelf-life products, household chemicals and personal hygiene items skyrocketed in Russia in February amid a global scare of the coronavirus, Vedomosti reports citing a number of retail networks and manufacturers.
Infoline Analytics Director General Mikhail Burmistrov says that coronavirus fears are the main reason for the growing demand. Many...
Russian steel pipe producer Chelpipe is focusing on increasing exports and investing in high-value added projects amid a competitive domestic market, its chief executive officer said in an interview with Reuters.
The company, controlled by businessman Andrei Komarov, has hired banks to organize a potential share offering n Moscow this year,...
Russia is offering the Seychelles cooperation in several fields including space technology to help the tiny island nation fight against the impact of climate change, the newly accredited Russian ambassador said on Tuesday, according to the Seychelles News Agency.
"We all have to fight with the negative consequences of climate change...
The ruble-denominated MOEX Russia index nosedived on Tuesday as trading opened on the Moscow Exchange for the first time after an oil price war waged by Saudi Arabia, the Moscow Times reports.
The MOEX index dropped by 10.4% to 2,436 points while the dollar-denominated RTS index fell by 16% to 1,056 points, the...
Saudi Arabia and Russia announced large supply boosts, escalating the country’s price feud even as the coronavirus squeezes demand, which supported oil prices a day after their biggest crash in almost 30 years, Bloomberg reported.
Brent futures traded near $35 a barrel in London, shedding about $1.50 in the minutes...
Airports Council International (ACI) World has today revealed the winners of its world-renowned Airport Service Quality Awards.
The awards recognize those airports around the world that deliver the best customer experience in the opinion of their own passengers.
This year, 140 awards have been won by 84 individual airports. The full...
Russian airline Red Wings is pressing ahead with ambitious growth plans despite the turbulence currently facing the air travel industry amid the coronavirus outbreak, Rusaviainsider.com reports.
The United Aircraft Corporation (UAC)-owned airline is expected to add six Airbus A321s during the course of this year, which it says will help it reach...
Global gold mine production growth is set to rebound in the coming years due to higher prices and mergers between major mining firms, pushing Russia, Australia, and Canada as major players to overtake China, research agency Fitch Solutions said in a report, according to MiningWeekly.com.
The analyst firm expects Russia to overtake...
Austrian energy major OMV and Russian state-run gas producer Gazprom have announced an extension to their basic sale agreement for a gas asset in Siberia, the two companies said in a statement.
The firms said in separate statements negotiations for the preparation of a final agreement will take place by June 2022, on...
