Russia will spend 25.7 trillion rubles ($391 billion) on carrying out President Vladimir Putin’s expansive promises to overhaul Russia’s economy by the end of his last term in office, according to a new government estimate, News-24.ru reported.
After his inauguration last May, Putin outlined plans to spend at least...
The Central Bank of Russia kept monetary policy rate on hold at 7.75% at its regular meeting on February 8, saying that inflationary pressures are under control despite a recent rise in prices, RIA Novosti reported.
“On 8 February 2019, the Bank of Russia Board of Directors decided to...
The Russian ruble has gained ground on the U.S. dollar and the euro on Monday after this weekend’s decision by global credit rating agency Moody’s to upgrade Russia’s sovereign rating to investment grade Baa3 with a stable outlook, Reuters reported.
The ruble was trading at 65.85 against the greenback at...
Venezuelan oil company PDVSA recently opened an account at Russia’s Gazprombank and it is telling customers of its joint ventures to deposit oil sales proceeds to the Russian bank, according to sources and an internal document seen by Reuters.
The state-run company’s move comes after the United States imposed tough,...
Several thousand farmers from different Polish regions held a rally outside the presidential palace in Warsaw on Wednesday, demanding the government decide on a resumption of trade with Russia and limit imports of food products from Western Europe, Rossiyskaya Gazeta reported.
Farmers demanded repayment of various compensations, control over...
Imports of goods and services from Russia to Ukraine increased by 17% in January - November 2018 compared to the same period in 2017, business newspaper Kommersant reported, citing data from State Statistics Service of Ukraine.
The volume of Ukraine’s imports from Russia in Jan-Nov 2018 amounted to $7.4 billion,...
French companies are aware of the potential and the benefits of operating in the Russian market, and not a single French company has left Russia since 2014, Patrick Erbs, the head of the economic department of the French Embassy in Russia, said on Friday, according to Sputnik.
"France has historic...
All of Venezuela’s Russian customers with the exception of Rosneft had begun suspending or liquidating contracts with state-owned PDVSA in mid-to-late 2018, Russian analysts say, according to VOA News.
The news comes as numerous European clients of Venezuela’s state-owned PDVSA petroleum company freeze crude purchases in the face of mounting...
France has rejected an appeal by German Chancellor Angela Merkel’s government and has agreed to back a European Union proposal creating hurdles for Russia’s controversial Nord Stream 2 gas pipeline, Deutsche Welle reports.
The pipeline has long been opposed by the United States, which has its own energy interests in...
Sheremetyevo International Airport announced the launch of the 6th traditional competition innovation “SVOya idea - 2019”, which will offer all active passengers the opportunity to directly influence the development and improvement of the airport, Aviaport reported.
There are four categories in the competition: participants can put forward innovative ideas for...
