Russian independent LNG producer Novatek is shelling 60 billion rubles ($952.96 million) to build four icebreakers running on liquefied gas to provide navigation services along the western part of the Northern Sea Route, Kommersant reports.
The Zvezda Shipyard, managed by a consortium of Rosneft and Gazprombank, will get the order,...
The central banks of the member countries of the Eurasian Economic Union (EAEU) will start coordinating moves that affect the rates of national currencies, the Eurasian Economic Commission told Izvestia.
In order to achieve this, a separate supranational council will be set up that will include the heads of the...
Russia is planning the introduction of interested small and medium-sized enterprises to African markets, Foreign Minister Sergey Lavrov said on Tuesday, according to state-run news agency TASS.
Lavrov was speaking at his ministry’s business council meeting on the development of economic ties between Russia and African countries.
"We find it important...
The International Monetary Fund (IMF) on Wednesday said that Russian economic growth in 2019 could be slowed down by lower oil prices and higher taxes, Reuters reports.
The global monetary institution also said Moscow’s medium-term growth outlook would remain modest unless it tackled deeper structural reforms.
“Russia’s economy continues to show...
Russian oil companies would need up to 2.6 trillion rubles ($41 billion) in tax breaks to develop the Arctic region, Vedomosti reported on Monday citing a letter from the head of Rosneft Igor Sechin addressed to President Vladimir Putin and backed by KPMG calculations.
According to the business newspaper, discussions...
One of Russia’s largest steel companies, Severstal, has launched its SteelTech Accelerator this year, an ambitious program to fund metallurgical start-ups offering new technologies to solve challenges in the steel sector, Mining Technology writes.
The winning applicants will be given access to laboratories, mentors and the ability to work with...
The Russian Ministry of Economic Development has reiterated its estimate of annual inflation in the country this year below 4%, minister Maxim Oreshkin said on Monday, according to RIA Novosti.
"Our expectations remain below 4%. We see that inflation has slowed down very significantly, so the Central Bank makes decisions...
Global tech news publisher TechNode is expanding to the Russian-language market in partnership with local company Eurasia Development Limited, the company said in a statement.
TechNode Russia will cover Asian technologies and startups, especially those in China and Russia.
TechNode was launched in 2007 as an effort to cover China’s technology...
With help from allies Russia and China, the first new train passenger cars in Cuba in more than four decades set off on their maiden journey across the island on Saturday, Reuters reported. The country’s government hopes the move will start off a total revamp of its decrepit railway...
Russia is looking to Asia's major energy importers as a buffer from U.S. sanctions while boosting Arctic production of liquefied natural gas (LNG) to counter growing American competition, Nikkei writes.
Late last month, independent gas producer Novatek agreed to sell a 10% stake in its Arctic LNG 2 terminal...
