According to a new Reuters report, Russia and Saudi Arabia “struck a private deal” last month to raise oil output to cool rising prices and informed the United States before a meeting in Algiers with other producers.
In September, U.S. President Donald Trump blamed the Organization of the Petroleum Exporting...
Russia’s business climate is changing as young managers and entrepreneurs are taking over from Soviet-era businessmen, Bill Conerly the founder and CEO of Conerly Consulting, writes in an article for Forbes after visiting Moscow.
According to Conerly, the change in attitudes in the business community affects many facets of...
Russia’s gas exports are expected to amount to another record this year, potentially exceeding 200 billion cubic meters (bcm) and beating last year’s all-time high of 194 bcm, Russian government officials and executives told an industry conference on Wednesday, according to Reuters.
“We have been hearing about the reduction in...
U.S. sanctions on major Russian aluminum producer Rusal would probably be lifted, but bilateral relations between the countries could remain strained for years, analysts speaking to S&P Global Platts have said.
BakerHostetler's Kerry Scarlott said he saw signs that the U.S. Treasury Department was moving toward an agreement with Rusal.
"I...
Russian heavy vehicles maker Kamaz and the country’s nuclear corporation Rosatom are among the companies from emerging economies that are increasingly competing with U.S. and European counterparts, Forbes reports.
In a world in which emerging market countries are expected to account for 80% of the global population and 40$ of...
British-based design studio Zaha Hadid Architects won against 47 international teams in a competition to design the new Sverdlovsk Philharmonic Concert Hall in Yekaterinburg, Russia, ArchDaily reported.
Yekaterinburg, a growing cultural center in central Russia, was known as Sverdlovsk from 1924 to 1991. The new Sverdlovsk Concert Hall will be...
Sberbank, Russia’s biggest bank, has shrugged off concerns about both Brexit and sanctions by committing $104 million in the second half of this year to its loss-making London investment bank, IntelliNews reports.
According to annual filings made by the bank on September 28 with UK Companies House, the money was...
Russia's deputy energy minister Pavel Sorokin said in an interview with S&P Global Platts Monday that his country is unable to materially increase crude supplies to Asian markets who are facing the loss of Iranian imports due to existing transportation constraints.
Russia could, however, send more oil to Europe...
Russia and Germany have agreed to a new railway connection between Berlin and Russia’s “northern capital” St. Petersburg, the German Federal Ministry of Transport and Digital Infrastructure has confirmed after reports in Russian media.
The train will go from Germany to the Russian exclave city of Kaliningrad and then onwards...
