Oil production by members of global cartel OPEC fell to a four-year low in January as the organization applied a new pact to boost global oil prices, the International Energy Agency (IEA) said Wednesday, but Russia and other ex-Soviet states failed to cut back output as much as promised,...
Russia and China will invest in tourism projects in Saudi Arabia, the head of Russia’s sovereign wealth fund RDIF, Kirill Dmitriev has said, according to Izvestya.
The chief executive officer said the collaboration would come in light of the kingdom’s and Russia’s “plan to boost mutual investments” in tourism schemes....
Russian florists, restaurant owners, entertainment industry companies and other businesses are looking forward to another profitable Valentine’s Day as the love-celebrating holiday continues to gain popularity among Russians, Rossiyskaya Gazeta writes.
Some companies celebrate the holiday on a large scale, the report says. Where once a post box for valentines...
Russia plans to cut oil output by 90,000-100,000 barrels per day in February compared to October 2018, Russian Energy Minister Alexander Novak told reporters on Tuesday, according to Gazeta.ru.
Russia, Saudi Arabia, and other OPEC member and non-member states took the level of production in October 2018 as the benchmark for...
Yandex.Drive, a car-sharing venture set up last year by Russian internet giant Yandex, has flooded the Russian capital with more than 7,000 cars to rent for as little as 5 rubles (8 cents) per minute, including fuel, maintenance and parking, The National reports.
That compares to 41 cents a minute...
Russia's largest alloy rims manufacturer, K&K LLC, will start using virtual testbeds for testing new products, EurekAlert reports.
This R&D project was carried out by the CompMechLab Engineering Center, the core of the Advanced Manufacturing Technologies Center of the National Technology Initiative (NTI) of Peter the Great St. Petersburg Polytechnic University...
Russia’s high economic growth in 2018 was fueled by one-off factors that mean the goals set by President Vladimir Putin won’t be achieved without an increase in household incomes, the country’s Ministry of Economic Development has said in its first comments on last year’s economic results, according to RBC.
After...
As Russian lawmakers are fine-tuning legislation to isolate the country from the global internet into its own online network, RuNet, the Communications Ministry has proposed a 73-billion-ruble ($1.1 billion) infrastructure project to expand LTE Internet access to more than 100,000 “publicly significant facilities,” Kommersant reports.
These facilities include election commissions,...
A 71% increase in the price of shares in Rusal, the world’s second-largest aluminum producer, since the beginning of the year is not the end of the upward trend for the company, analysts told the South China Morning Post.
The Rusal share began climbing after the United States signaled its...
Russian authorities and major internet providers are planning to disconnect the country from the internet as part of a planned experiment, the BBC reported citing Russian media.
The reason for the experiment is to gather insight and provide feedback and modifications to a proposed law introduced in the Russian Parliament...
