Russia’s state-owned gas major Gazprom has signed a five-year contract to import gas from Turkmenistan, Reuters reports.
In Wednesday, the company said the contract envisages importing 5.5 billion cubic meters of gas from the energy-rich Central Asian country a year.
Gazprom resumed buying Turkmen gas in April more than three years...
The Russian government announced on Monday that it is extending the term of zero duties on wheat exports until July 1, 2021, World Grain reports.
The zero wheat export policy was introduced in Russia three years ago.
According to a decree posted on the official government website: “The decision will facilitate...
Taking into account the risk the government's spending plans may strengthen the ruble, the Bank of Russia plans to lower the key interest rate in small steps, Governor Elvira Nabiullina said on Tuesday in an interview with Reuters.
The central bank lowered the cost of lending last month amid sluggish...
Russian cybersecurity company Kaspersky has decided to comply with controversial government legislation on Internet freedoms, watchdog group Roskomsvoboda said, according to TechCo.
Users of the Kaspersky Secure Connection VPN say they have been denied access to websites blacklisted by the state communications regulator, Roskomnadzor.
Roskomsvoboda, an organization that monitors online censorship...
Russian companies are ready to invest as much as $50 billion in Croatia’s economy and it would be a foolish move by Croatia to not take advantage of the potential this could bring to the country, the Russian ambassador to Croatia has said, according to Poslovni Dnevnik.
"Nobody has the...
Concerns that the global economy could be slowing slipped on Tuesday, outweighing an agreement by producer club OPEC on Monday to extend supply cuts until next March, Reuters reported.
At 0845 GMT, Brent crude futures were down 18 cents, or 0.28%, at $64.88 a barrel.
U.S. crude futures for August...
Russian-born banker holding a UK passport, Grigory Guselnikov, has sold his majority stake in Latvian bank PNB, Intellinews reported citing a statement from the bank.
PNB’s announcement came a day after Guselnikov tweeted about the move.
"A group of US and European investors have decided to take over the majority shareholding...
The Russian government has spent more than 4 trillion rubles ($64 billion) on some 62,600 unfinished construction projects, the country’s Audit Chamber said, according to the Business Gazeta.
The list of the uncompleted construction projects includes preschools, schools, university campuses, transport, and municipal infrastructure facilities among others, according to the...
From January to May this year, Russian airlines transported more than 44.88 million passengers, a 12.3% increase over the same period in 2018, the Federal Air Transport Agency (Rosaviatsiya) has said, according to Kommersant.
At the same time, international transportation grew by 18% and amounted to 18.7 million passengers, while...
Hit by a downturn in output and new business, manufacturing activity in Russia contracted for the second straight month in June, while confidence in the sector fell to a near one-year low, according to the Markit purchasing managers’ index (PMI).
The reading slid to 48.6 in June from 49.8 the...
