The speaker of Russia’s Federation Council (upper house of Parliament) Valentina Matviyenko told reporters on Wednesday that a bill on countering Russia’s energy influence passed by the House of Representatives of the U.S. Congress is “blatant protectionism,” and an attempt to limit the economic and energy sovereignty of Europe,...
Inflation expectations in Russia continued to fall in March, but remain high and unanchored, the Bank of Russia said on Wednesday, according to BCS Express.
Inflation, the central bank’s key goal, is set to peak at around 5.5 percent in March or April before slowing to 4.7-5.2 percent by the...
Russian joint venture Ford Sollers, a branch of U.S. car manufacturer Ford Motor Co, will close two assembly plants and an engine factory in Russia, exiting the country’s passenger vehicle market, Reuters reported on Wednesday.
Two assembly plants in Naberezhnye Chelny and Vsevolozhsk and the engine plant in the...
Boosted by an increase in global benchmarks in Chicago and a strengthening of the rouble, Russian wheat export prices rose last week, Agriculture.com reported.
Last week, the Russian currency hit its strongest level since August, while Chicago wheat futures touched 3-1/2 week highs. Black Sea prices for Russian wheat...
A preliminary sum of around $1 billion was set aside for the construction of a new, unified headquarters of Russian Railways and all of the state-run monopoly’s subsidiaries, Vedomosti reported citing sources from the company.
The business newspaper’s sources said that this is only a preliminary amount, with the cost...
Russian Foreign Minister Sergey Lavrov has said Moscow wants to add momentum to economic and investment cooperation with Washington, which now falls short of its potential, Russian news outlet Zvezda reports.
Lavrov gave the remarks opening a meeting with a group of representatives of the American Chamber of Commerce in...
The Russian Ministry of Energy expects that, one way or another, Russia and Ukraine will be able to agree on extending the contract for gas transit through Ukraine to the European Union after 2019, when the document expires, Deputy Energy Minister Anatoly Yanovsky told reporters on Monday, according to...
Data from the general administration of Chinese customs showed on Monday that Saudi Arabia was the country’s biggest crude oil supplier in February, Reuters reports. Saudi Arabia is reclaiming the crown from Russia after ranking no. 2 in January, the report said.
The Middle East kingdom is the world's top...
The largest manufacturer of steel pipes for the oil and gas industry in Russia, TMK, has agreed on selling its U.S. branch IPSCO Tubulars Inc. for $1.2 billion to Italy’s Tenaris, RBC reported citing the companies’ press service.
The sum does not include IPSCO’s funds and the debt, the size...
The Russian-led Nord Stream 2 company, founded by Gazprom and its European partners investing in the controversial pipeline, expects to receive approval from Danish authorities for a 180-km stretch of the pipeline under the Baltic Sea in time to finish the pipeline by the end of 2019 as planned,...
