In a new report on the Russian economy, the World Bank recommended on Wednesday that the country considers introducing "carbon taxes" or other carbon charging mechanisms, RIA Novosti reports.
"In the medium-to-long-term, and with the necessary political backing, it would be important to increase fuel excise taxes and differentiate tax...
Ukraine will keep in force the tariffs it imposed on Russian goods for another year, the country’s government has decided, according to MP Aleksey Goncharenko, Lenta.ru reports.
The levies on Russian imports will stay in place until the end of 2020, the lawmaker said, adding the move comes “in response...
Hungary’s foreign affairs and trade minister Peter Szijjarto has announced that his country is ready for a long-term agreement on the supply of gas from Russia and is starting talks on a potential long-term agreement with gas giant Gazprom, the Budapest Business Journal reports.
Hungary has not had a long-term...
A recent move by China Petroleum Engineering & Construction Corporation (CPECC) into Iraq has turned on the heat in an intense geopolitical competition with Russia and the United States over the country’s oil deposits, Nezavisimaya Gazeta writes.
CPECC last month signed a contract worth $121 million to upgrade Iraq’s West...
Turkey is not willing to sacrifice its security and drop its plans to purchase and operate Russia’s S-400 anti-missile system, despite the threat of U.S. sanctions, Yunus Emre, a member of the Turkish Grand National Assembly’s Committee on Foreign Affairs, told Izvestia.
The lawmaker noted that Turkey could not sacrifice...
Large Russian businesses taking loans from the country’s biggest bank, Sberbank, will be offered a new loan scheme next year, under which the lender could gain decision-making powers in the companies, RBC reports.
Sberbank announced Tuesday it will introduce a new “golden share” corporate financing scheme, through which the bank will...
Employees of several American, Russian, and Italian companies were charged by U.S. prosecutors on Tuesday for providing a U.S.-manufactured power turbine to a Russian state-controlled business in an apparent attempt to evade sanctions, Reuters reported.
The U.S. Justice Department said on Tuesday that an unnamed Russian company was barred from acquiring...
Russia is yet to finalize its position in talks on possible additional supply curbs as part of the OPEC+ deal, the country’s energy minister Alexander Novak said on Tuesday, according to RNS.
He said he expected this week’s meeting of OPEC oil producers and their allies to be constructive, and...
The launch of the long-awaited Power of Siberia gas pipeline pumping natural gas from Russia to China was launched, Gazprom’s most ambitious project so far, will help the Russian gas giant to reduce its independence on the shrinking European market, experts told Vedomosti.
According to analysts, the project is also...
Russia and Pakistan reached a deal on the settlement of mutual financial claims and commitments on operations from the time of the former Soviet Union, with Pakistan agreeing to repay the debt of $93.5 million to Russia, RBC reports.
The document was inked by Russia’s Deputy Finance Minister Sergei Storchak and...
