Russia sees no reason for Russia to freeze or cut its oil production levels, noting that there were risks that global oil markets could be facing a deficit, energy Minister Alexander Novak said on Saturday according to Reuters.
The Organization of Petroleum Exporting Countries (OPEC) and its partners led by...
Russia will lend Cuba over $50 million for purchases of Russian military equipment, business newspaper Kommersant reported, citing two sources involved in technical and military cooperation between the two countries.
According to the sources, the agreement for the loan will be signed during the 16th intergovernmental commission on economy, trade and...
Russia has added around $1 billion to its gold and foreign currency reserves, the latest statistics published by the Central Bank of Russia show, according to Banki.ru.
As of October 19, foreign exchange reserves grew to $461.4 billion against $460.4 billion in the previous week, marking a 0.2 percent increase....
U.S. President Donald Trump claimed on Saturday that Russia has looked to receive economic assistance from the United States and also praised his own summit with Russian President Vladimir Putin, according to pro-Kremlin news outlet Sputnik.
In a speech at a rally in the state of Illinois, Trump said:
“I had...
Russia is ready to continue cooperation with OPEC and non-OPEC oil producers, Russian Energy Minister Alexander Novak told reporters on Thursday, according to Financial One.
He added that the oil market is currently in balance despite volatile inventories.
Separately, he said there are other investors apart from Saudi Aramco who are...
Swedish electronics manufacturer, Orbit One, says that it has reopened its newly renovated plant in the Russian city of Slavsk, in the Kaliningrad region. The renovation has created a doubled production area, the company said according to Vaaju.
Orbit One has been operating in Russia for twelve years. The new...
The world's largest industrial gas company, Germany’s Linde Group, has been awarded a contract by Russian mining and metallurgy giant Metalloinvest for the long-term supply of oxygen, nitrogen and argon to Ural Steel (part of Metalloinvest), the two companies said in a statement.
The German chemical giant is to invest...
Sheremetyevo International Airport (SVO) switches to the autumn-winter flight schedule, from October 28 through March 23, 2019. During this period flights from Sheremetyevo will be operated on 188 routes - 37 more than in the winter season of 2017/2018.
In terms of growth in the number of destinations in the upcoming...
Sheremetyevo International Airport (SVO) has successfully completed the commissioning and pilot testing of the hydrant system for centralized refueling of aircraft of the newest third independent refueling complex. The system of centralized refueling of aircraft refueling complexes of JSC AERO-Sheremetyevo began to operate in full in accordance with the project,...
Italian company Bio-on, operating in the high-quality bioplastic sector, has signed an agreement with the Russian TAIF JSC group, which will acquire a license to build the Russian Federation's first plant producing 100% natural and biodegradable PHAs bioplastic, in the Republic of Tatarstan.
The agreement is worth a total of around...
