In an apparent attempt to protect itself from possible tougher U.S. sanctions, Russian oil producer Surgutneftegaz is pushing buyers to agree to pay for oil in euros instead of dollars if the need arises, traders who deal with the firm told Reuters.
According to the agency, the company asks customers...
Russian petrochemicals producer Sibur has expanded its plant in Voronezh which enabled it to increase production of styrene copolymer-based thermoplastic elastomers at by 50,000 metric tons per year, Neftegaz reports.
Through the expansion, the site, which already produces about 85,000 tons of TPEs per year, will see the addition of new...
Polish President Andrzej Duda told TVP on Tuesday that U.S. President Donald Trump can make a decision that would bring the contentious Russian Nord Stream 2 gas pipeline project to a halt.
"The decision is in the U.S. President’s hands," Duda said when asked whether an opportunity existed to stop...
American pollock and tuna harvesters are concerned about this year’s Farm Bill, after Alaska Republican senator Dan Sullivan has placed a provision that would force the U.S. Department of Agriculture (USDA) to more aggressively enforce the “buy American” rules required for schools to receive federal reimbursement for the meals...
Russia plans to spend 2.16 trillion rubles ($32 billion) on its federal digital economy program from 2019 to 2024, the country’s minister of communications Konstantin Noskov has announced, according to Vedomosti.
A total of RUB 1.08 trillion ($16 billion) has been reserved from the federal budget for the development plan....
The Moscow Stock Market’s ruble-traded MOEX index reached an all-time high on Tuesday, supported by an ongoing consolidation of the Russian currency, Finansovaya Gazeta reported.
The index rose to 2,390 points for the first time in history after the ruble strengthened to 67.7 against the dollar and 79.1 against the...
Professional services giant Deloitte has recently opened its seventh office in Russia, choosing Vladivostok in Russia’s Far East in order to cater to business coming from Asia, the company’s global chairman David Cruickshank told Sputnik in an interview.
“We're very positive about our practice in Russia, we've just opened a new office...
Amid tense U.S.-Russia relations, Moscow is looking to expand cooperation with China, with cross-border banking in the focus, The Financial Times reported.
Russia’s second-largest bank, state-owned VTB, is currently the only lender with a full branch in China. The company plans to double its headcount in Shanghai over the next three...
