The demand for Russian gas to be pumped into European underground storage facilities will be significantly lower than in previous years, state-run gas giant Gazprom has said, attributing the trend to warm weather.
European consumers traditionally begin filling their storages with gas in early spring. The monopoly started such supplies...
The founders of game development company Playrix, brothers Igor and Dmitry Bukhman, have been added to Bloomberg’s index of billionaires after their wealth was estimated at $1.4 billion. The agency notes that previously, the brothers did not appear in such ratings.
According to Igor Bukhman, he and his brother started...
The head of the Russian Government, Dmitry Medvedev, has admitted in a speech at the State Duma that the life of most Russians is far from ideal and is very difficult for many of them, "some even merely surviving," Novaya Gazeta reports.
“Today almost 19 million people face poverty in...
The Russian government is moving to take tighter control of debt in the country’s regions, the build-up of which nearly caused a crisis only two years ago, RIA news agency reports.
The State Duma Committee on Budget and Taxes is supporting a proposal by the Finance Ministry to tighten control...
Troubled German banking giant Deutsche Bank is damaged by fines, legal action and the possible prosecution of “senior management” because of its role in a $20 billion Russian money-laundering scheme, The Guardian reports citing a confidential internal report by the lender.
According to the document, the bank acknowledges “a...
Russian President Vladimir Putin has approved the construction of a high-speed highway from Moscow to St. Petersburg, Kremlin spokesman Dmitry Peskov has confirmed after reports by Vedomosti and Kommersant.
Putin wrote “I Agree” in a letter with a proposal for the resumption of the project, which he sent the acting...
Russia’s State Duma, the lower chamber of parliament, has adopted controversial legislation on Tuesday that would expand government control over the internet, RBC reports.
A total of 307 lawmakers voted in favor of the law, while only 68 voted against it. In the coming days, it will likely be approved...
Oil prices fell slightly on Tuesday after a Russian minister said the country and global cartel OPEC may boost crude output to fight the United States for market share, The Times reports.
Russia’s Finance Minister Anton Siluanov said over the weekend that Russia and OPEC may decide to boost...
Russia’s state-owned development bank VEB.RF (formerly Vneshtorgbank) announced it will buy a stake in one of Russia’s biggest construction companies, Mostotrest, known for building the controversial Kerch Strait Bridge, Vedomosti reports.
The company is owned by billionaire oligarch Arkady Rotenberg, a close personal friend of President Vladimir Putin. The deal...
Russia’s state nuclear corporation Rosatom is holding talks of selling a 49-percent stake in the Akkuyu Nuclear Power Plant construction project with investors but is not in a rush to sell, Chief Executive Officer of the Russian stat-run corporation Alexei Likhachev told reporters on Monday, according to Kommersant.
"We are...
