Commodity imports in Russia in the third quarter of this year dropped from $63.8 billion to $63 billion in the same period a year earlier, Russia’s Central Bank has reported, noting that these imports are affected by seasonal factors, Vedomosti reports.
According to Oleg Solntsev, Head of Research at...
Indian companies are seeking alternative payment mechanisms for trade with Russia, including payment in rubles via foreign branches of Russian banks, to get around the U.S.-imposed sanctions on that country, The Economic Times reports.
Russian diamond miner Alrosa has accepted payment in roubles from an Indian diamantaire as part...
A better than expected current account surplus in Russia’s budget is stabilizing the country’s economy, although capital outflow remains the greatest risk, according to analysts from multinational banking and financial services corporation ING.
“The strong current account surplus of $26.4 billion in 3Q18 could possibly widen in 4Q18. With the Finance...
The International Monetary Fund (IMF) has said the Russian economy will grow faster than previously expected as the macroeconomic outlook improves, The Moscow Times reports.
The IMF expects that Russia's growth will reach 1.8 percent in 2019, according to the World Economic Outlook report released on Tuesday. This is still...
The construction of the TurkStream pipeline is on schedule - gas supplies via the pipeline might begin on January 1, 2020, Russian Energy Minister Alexander Novak said in an interview with TV channel Rossiya 24 on Monday.
"As for the Turkish Stream, its construction is carried out according to the...
The ongoing political tensions and sanctions that burden relations between Russia and Europe have created opportunities for African companies to enter the Russian market and fill the gap, Modern Diplomacy writes.
Rex Bowden, Managing Director at Zambia-based Catalyze – International Events, said in an interview after the 27th World Food...
The global gaze gathered on Russia this summer, as the country hosted the world’s most-watched sporting event – the FIFA World Cup. For many visitors, Moscow’s Sheremetyevo International Airport was their first impression of the country on arrival, and their last impression on departure, and preparations included the opening...
Russia has reduced imports of meat, condensed cream and milk but significantly increased import of cheese and cottage cheese in the first eight months of this year, Dairy News reports.
According to the Federal Customs Service, the import of meat (excluding poultry) decreased by 37.9% compared to the same time...
Russian environmental organizations have protested Gazprom’s plans to build a gas pipeline to China in the Golden Mountains of Altai, a UNESCO World Heritage site, Kommersant reports.
The company’s works through the Ukok Plateau in Altai come following comments from Gazprom CEO Alexei Miller, who said last week that the...
Nearly two-thirds (63%) of industrial enterprises need a stronger ruble to reduce expenses, and half of them (54%) believe that the growing ruble rate will help them attract investments, experts at the Gaidar Institute said in a study on Russia’s economic climate, obtained by RBC.
The ruble’s devaluation mostly affected...
