The level of fixed investment in Russia declined in annual terms in May for the fourth month in a row, the Bank of Russia has said, according to the Moscow Times.
Fixed investment is the purchasing of newly produced fixed capital in physical assets such as machinery, land, buildings,...
Russian Energy Minister Alexander Novak said on Monday that the country’s oil production in June was 50,000 barrels per day (bpd) below the level Moscow had pledged under the OPEC+ output cut agreement, Interfax reported.
Between January and June, as part of the production cuts, Russia is taking...
Gazprom shareholders are set to benefit the most so far from owning shares of the Russian state-controlled giant, as it announced a record dividends payout, EADaily reports.
Gazprom’s shareholders will be paid 383.2 billion rubles ($6 billion), or 27 percent of 2018 net profits in dividends, the company said after...
25 pilot zones for the new 5G communications format based of domestic-made equipment will be designated in Russia by 2024, authorities have announced, according to Megaobzor.
The plan is outlined in the roadmap for wireless technologies development, which was approved by the working group at the Digital Economy autonomous non-commercial...
A senior aide to Russia’s President Vladimir Putin has said that the country’s authorities are considering barring tourists from visiting Lake Baikal in order to protect its ecosystem, The Telegraph reported.
The world’s deepest and oldest freshwater lake is plagued by pollution for at least two decades. Scientists recently warned...
A Japanese consortium made up of Mitsui & Co (Mitsui) and the Japan Oil, Gas and Metals National Corporation (JOGMEC) have signed a deal with Novatek to buy a 10-percent stake in the Arctic LNG 2 project, Reuters reported.
The sales and purchase agreement was signed on Saturday in the...
Russia is planning to tow what has been called a “Floating Chernobyl” to the Arctic next month. The floating nuclear power plant called the Akademik Lomonosov will be towed via the Northern Sea Route to its final destination in the Far East, following nearly twenty years in construction, CNN...
Despite obstacles including the threat of U.S. sanctions, the Nord Stream 2 gas pipeline is “past the point of no return”, the head of Russian state gas giant Gazprom Alexei Miller said on Friday, according to Lenta.ru.
“We are working from the idea that Nord Stream 2 will be realized...
South Korean shipbuilders are in a race to win state orders in Russia to build ice-breaking ships which would transport liquefied natural gas (LNG) under Novatek’s Arctic LNG 2 project, the Aju Business Daily reports citing industry sources.
Russia's second largest natural gas producer, Novatek, plans to start producing LNG...
In the next 12 months, top German companies working in Russia plan to invest at least $450 million into Russia, a survey by the Russian-German Chamber of Commerce (AHK) revealed on Thursday, according to TASS news agency.
Of the total 141 members of the business group, AHK said 44 German...
