Russian President Vladimir Putin has approved the government's proposal to support shale gas projects in Venezuela by Russia’s biggest oil company, Rosneft, Vesti Finance reports.
The president signed a protocol on making amendments to the agreement with the country on cooperation in the sphere of implementing joint strategic projects. His...
Russia’s Accounts Chamber and Finance Ministry have prepared proposals on less severe punishments for economic crimes, including shorter jail sentences, head of Russia’s Accounts Chamber Alexei Kudrin said in an interview with TASS.
"It concerns the terms of sentence for specific economic crimes, significant reduction of possibilities for pre-trial detention...
Russia may resume gas supplies to Ukraine at a price which is 25% lower than the current one, Energy Minister Alexander Novak said at a briefing on the results of negotiations with the European Commission’s Vice President for Energy Union Maros Sefcovic, RIA reports.
"We are ready to ensure...
Turkey will again be the number one destination for Russian tourists this summer, the Association of Tour Operators in Russia (ATOR) has said, according to Interfax.
Russian tourists have again decided in favor of Turkey for their vacations, which is seen by a 10%-15% rise in demand for Turkish tourist...
The depreciating ruble, the drop in oil prices and continuing anti-Russian sanctions have caused Moscow to drop out of the list of top-100 most expensive cities in the world for foreigners, says the new Cost of Living Index report by international consultancy ECA International.
According to the report, cited...
Russia plans to capture about 20% of the global market by 2035, which would call for a fivefold increase in its liquefied natural gas (LNG) output, energy minister Alexander Novak told the Nikkei Asian Review.
According to him, Russia envisions up to 70% of its LNG exports by then...
As the Kremlin struggles to attract foreign investors for its ambitious spending plans, the government may turn to Russia’s National Wealth Fund for local projects next year, Bloomberg writes.
The Finance Ministry has moved to ease the budget rule and it will review any investments that make use of...
The parliament of Syria has ratified a bill handing management of the country's largest port to a Russian firm for 49 years, state media said, according to RIA.
The vote on Wednesday comes after a deal between Damascus and the Russian company Stroytransgaz for the management, expansion, and...
Russian carmaker Gaz is saying the company will fall into bankruptcy if the U.S. does not abandon plans for sanctions beginning next month, Automotive Logistics writes.
Gaz Group’s owner, Oleg Deripaska, who himself is already on Washington’s sanctions list, warned that July 4, when the existing sanctions are due to...
The logo of British-based online gambling operator Bet365 has somehow ended up on hundreds of packages of cocaine seized by Russian authorities this week, CalvinAyre.com reports.
Russia’s Federal Customs Service (FCS) announced the seizure of 400 kilograms of cocaine at the port of St. Petersburg on Tuesday. The drugs...
