Poland’s state-controlled oil and gas company, PGNiG, is fighting the European Commission’s decision to end the antitrust case against Russia’s gas giant Gazprom without a fine.
Poland, one of several gas transit states along Gazprom’s traditional export route to Europe, is forging ahead with a string of legal proceedings with...
Russian tech firm Angstrem-T, which makes semiconductors, has accumulated significant debts and is set to be taken over by state development bank VEB after failing to reimburse an 815-million-euro ($944.75 million) loan dating back to 2008, Leonid Reiman, chairman of the company’s board of directors, told Reuters.
Reiman is Russia’s...
Russia may decide not to issue Eurobonds at all in 2019, deputy finance minister Sergei Storchak has said, according to TASS news agency.
"Yes, this is an option. We have the option of not coming out onto the market," the official said, speaking to reporters on the sidelines of a...
European Union officials are bracing for attempted meddling by Russia-backed operatives and their copycats ahead of the bloc’s elections in the spring, where far-right parties are set to make gains, ERR News reports.
That has led the bloc to bolster its defenses against cyber-attacks and pressure tech platforms to ramp...
If political or economic needs arise, Russian and British companies could switch to settlements in rubles and pounds, abandoning transactions in U.S. currency, Russia’s trade representative in the United Kingdom Boris Abramov has said, according to RIA news agency.
“The British pound is a convertible currency like the U.S. dollar...
The floating ruble rate in Russia exists ‘only on paper’ now, and is actually replaced by regulation of the forex market by the Central Bank in order to mitigate financial stability threats, the Russian Accounts Chamber said in its conclusion for the draft Russian budget in 2019-2021, according to...
Russia's oil export duty CL-EXPDTY-RU is expected to rise to $152 per tonne in November from $137.5 a tonne in October, data from the finance ministry showed on Monday, according to Reuters.
The level of the duty is calculated by the finance ministry and is based on the monitoring...
Japan’s Suntory intends to resume the production of its brand of soda Orangina in Russia after the company terminated the license agreement with the Moscow brewing company that produced the drink and is looking for a new partner, RBC reports.
Representatives of the Japanese Suntory Holdings came to Russia...
A port in Russia's Far East could be developed by South Korea in order to help local companies take advantage of its strategic location, the country’s Oceans Ministry said on Monday, according to Yonhap News.
The Ministry of Oceans and Fisheries said it will carry out the feasibility study until...
The construction of the Russian industrial zone in the area of Suez Canal has begun, Russian Foreign Minister Sergey Lavrov has announced, according to TASS news agency.
Trade between Russia and Egypt is increasing, currently exceeding $6.5 billion, Lavrov wrote in an article for Egypt's state-run Al-Ahram Daily newspaper, quoted...
