The chairman of the German Committee on Eastern European Economic Relations said on Friday that the damage caused by European and U.S. Russia sanctions was in the order of 100 billion euros ($115.25 billion), Reuters reported.
Wolfgang Buechele also said that Washington’s potential sanctioning of Russian gas projects would...
Russia’s energy industry broke another record in 2018, with 556 million tons of oil and 725 billion cubic meters of gas produced in the country last year, Russian Energy Minister Alexander Novak said at a meeting Thursday with President Vladimir Putin, according to Investing.com Russia.
The minister said gas exports,...
The Bank of Russia’s resumption of foreign exchange purchases has already been priced in by the market so these operations should not change the market’s balance, the head of the central bank’s monetary policy department Alexei Zabotkin has said, according to Rossiyskaya Gazeta.
The top central bank said in an...
Disputes over energy supply to Europe cannot be solved by sanctions, so the U.S. imposing measures against Russia’s Nord Stream 2 pipeline project would be the wrong way to handle the matter, Germany’s Foreign Minister Heiko Maas has said, according to Reuters.
"Matters related to the European energy policy...
Three Russian companies have cut ties to a sanctioned oligarch and will no longer be under U.S. sanctions themselves, Treasury Secretary Steven Mnuchin said Thursday, according to The New York Times.
Mnuchin appeared before the House of Representatives, where a number of Democrats have tried to get the Trump...
Russia is planning to introduce an electronic visa regime by 2021 in a bid to boost tourism, RBC reports. Five regions in Russia’s Far East currently offer free week-long e-visas for business and tourist travelers.
President Vladimir Putin has tasked the government to increase tourism revenue to $15.5 billion by...
Belarus President Alexander Lukashenko on Thursday threatened to route the country’s trade in oil and oil products exclusively through the Baltic states, and said Minsk’s relations with Russia could break down over a festering subsidy row.
The country has long benefited from buying crude oil and some oil products cheaply...
Washington’s sanctions against Aerocomposit (part of Russian state-run conglomerate United Aircraft Corporation) and ONPP Technologia (part of Rostec) have jeopardized the creation of what the company calls a "black wing" made of composite material for Russia’s key project in civilian aviation sector - the MC-21 jet, Kommersant reports citing...
The third runway at Sheremetyevo International Airport will be put into operation until the end of 2019, Agentstvo Moskva reported, citing the airport’s press service.
“As a part of the Master Development Plan of Sheremetyevo International Airport, by 2024 the following facilities will be put into operation: in 2019, a...
Thailand is the most popular foreign destination for Russian travelers this New Year festive season, the Russian Association of Tour Operators (ATOR) has said, according to Komsomolskaya Pravda.
Russian’s own Sochi is the most popular domestic destination, the industry association revealed.
"Thailand’s beaches and Sochi’s ski resorts competed fiercely for...
