A new interest rate hike announced by the U.S. Federal Reserve last week is an important factor for a slump in global oil prices last week, the head of Russian oil giant Rosneft Igor Sechin has said, according to Finanz.ru.
Sechin, a long-standing Kremlin insider and ally of Russian President Vladimir Putin,...
As Brent crude, the benchmark for Russia’s oil exports, dropped near 16-month lows, Russian officials and big oil executives appeared unconcerned with the development, Bloomberg reports.
“The drop in oil prices hardly bother us because our budget is based on $42/barrelfinance minister Anton Siluanov told reporters ahead of a meeting between President...
Russian tech conglomerate Yandex has said it received a permit from the Israeli Transport Ministry to test drive its self-driving vehicles, The Jerusalem Post reported.
The company said that the autonomous car will now begin operating with a safety engineer in the driver’s seat, the newspaper wrote.
Israel will be...
The Russian Finance Ministry is considering issuing Eurobonds in euros and possibly yuan in 2019 and the amount of the euro deal could be higher than in 2018, Finance Minister Anton Siluanov said, according to Fomag.ru.
He also said it would be hard to fulfill the borrowing plan of Russia's...
Moscow’s real estate market is plagued by unscrupulous sales agents who use a variety of ploys to separate the Russian capital’s residents from their money or property in the largest city in Europe, The New York Times reports.
Russian media coined the phrase ‘black realtors’ and described the agents as...
The head of Rosaviatsia, Alexander Neradko, and Sheremetyevo’s CEO, Mikhail Vasilenko, signed a concession agreement on transferring the airfield infrastructure to the airport management, RBC reported.
The term of the agreement is 49 years, and according to its conditions, the volume of Sheremetyevo investments in 2019 will be about...
Russia’s state-run nuclear power company Rosatom has said it has taken a Soviet-built nuclear reactor out of operation after 45 years of service, the company said in a statement on Saturday.
According to the corporation, Reactor No. 1 at the Leningrad nuclear power plant has been shut down as...
A recovery in oil prices and increased demand due to month-end tax payments helped the Russian ruble step away from the weakest levels in the last three months it reached last week, Reuters reported.
The ruble was 0.8 percent stronger against the dollar (68.38), at 0752 GMT, moving away...
The number of branded hotel rooms in Russia and the countries from the Commonwealth of Independent States (CIS) has grown by 8,000, says a report by JLL Hotels and Hospitality, according to Travel Daily News.
“Compared to the previous three years, 2018 was a breakthrough in terms of branded...
Russian authorities have opened an investigation into a potash mine fire which has killed eight miners, The Associated Press reports.
Rescue teams in the Ural Mountains are still looking for a construction worker trapped inside the burning potash mine owned by the Uralkali company after the bodies of eight...
