Russia’s oil firms are demanding penalty clauses and payments in euros instead of U.S. dollars in their annual renegotiation of oil supply contracts with Western crude buyers, as the Russian oil industry is seeking to protect itself from possible new U.S. sanctions on the sector, RT reported citing a number...
France has bestowed one of its highest honors on Kirill Dmitriev, the head of Russia's sovereign wealth fund, for his contribution to strengthening cooperation between Russia and France, TASS news agency reports.
Dmitriev, the chief executive of the Russian Direct Investment Fund (RDIF) that has $10 billion of reserved capital under...
The United States Treasury Department has once again postponed the enforcement of sanctions against Russian aluminum giant Rusal and two other companies to allow their top shareholder time to carry out a plan to cut his holdings, VOA News reports.
The Treasury said it was giving Russian tycoon Oleg Deripaska an additional...
Russia’s fat-and-oil industry may boost product exports by $5.5 billion against 2017, to $8.6 billion, the country’s Agriculture Ministry said following a meeting with industry representatives, UkrAgroConsult reported.
The meeting was attended by representatives of the companies Sodruzhestvo, Yug Rusi, Blago, Rusagro, Aston, Cargill, Efko, Bunge, Oryolmaslo, as well as the...
The Kremlin on Wednesday said the Davos World Economic Forum would be "rejecting its roots" if it blacklisted top Russian oligarchs including Oleg Deripaska, Vedomosti reports.
The statement comes after several U.S.-sanctioned Russian tycoons, including aluminum magnate Deripaska, Andrei Kostin, head of Russian state bank VTB, and billionaire Viktor...
Russian media publisher Mamikhlapinatana and its main online news platform, Batenka, da vy transformer are reshaping the country’s media market and using a different approach to make a mark on an industry worth billions, The Calvert Journal writes.
Over the last year, Mamikhlapinatana’s monthly turnover more than doubled and it has grown from a...
The Russian government has moved to tighten control over popular anonymous chat apps by approving regulations that would identify users by their cell phone numbers, Nezavisimaya Gazeta reports.
The measures signed Tuesday by Prime Minister Dmitry Medvedev are part of Russia's moves to clamp down on smartphone messenger services, such...
Russian Prime Minister Dmitry Medvedev has said that global oil prices have reached “an acceptable level” for Russia and that his country is not interested in expensive oil, state-run TASS news agency reported.
“At the moment, the prices have leveled off, and we have never been interested in...
Russia’s service sector activity reached an 11-month high last month, driven by stronger demand and new business growth, Reuters reported on Tuesday citing the Markit Russia purchasing managers index (PMI).
“The rate of expansion accelerated amid a quicker rise in new business, with both increasing the most since November 2017,”...
Saudi oil major Aramco and the kingdom’s petrochemicals giant Saudi Basic Industries Corporation (SABIC) are ready to invest into building a processing plant in Russia, Saudi Energy Minister Khalid al-Falih has said, according to the Rossiya 24 TV channel.
The minister said that the Saudi partners are hoping to cooperate...
