The legal status of the energy-rich Caspian basin will be discussed next month by the five states with the territory on the Caspian coastline – Russia, Azerbaijan, Iran, Kazakhstan, and Turkmenistan, Energy Reporters writes. The countries will meet in the Kazakh port of Aktau to draft an agreement on the...
A project aimed at promoting the export of locally made products was launched by the Russian Export Center (REC) and the Economic Development Ministry, according to a statement from the ministry.
"As part of the implementation of the national project on improving labor efficiency and maintaining employment, the Russian Economic...
Russian state-owned oil company Rosneft is taking its partners from a consortium implementing the Sakhalin-1 offshore project to the court, seeking more than 89 billion rubles ($1.3 billion) for their alleged “unjust enrichment,” Interfax reported.
The claim also contains an additional 7 billion rubles ($110.9 million) wanted from Rosneft for...
Shares of Russia’s aluminum producer Rusal on the Hong Kong Stock Exchange grew 14.3% as of 04:30 Moscow time on Monday amid reports of negotiations between the company and U.S. authorities on the possible removal of sanctions.
According to trading data cited by Reuters, the maximum price was 2.43 Hong...
Swedish steel company SSAB has agreed to divest its Ruukki Construction’s business operations in Russia to the Salavatneftemash Open Joint Stock Company, SteelTimesInt reports.
The transaction is expected to complete in the fourth quarter of this year and is subject to the approval of the Russian anti-monopoly authority. The transaction...
The Chief Commercial Officer of Ukraine’s national gas company Naftogaz, Yuri Vitrenko, says it is impossible to reach an amicable agreement with Gazprom on decisions already made down by the Stockholm arbitration court, Reuters reports. The senior manager said his company is only ready to settle the latest, $12...
Ratings agency Standard & Poor's said the state of Russia’s external and public balance sheets should enable the economy to absorb shocks from possible new international sanctions and affirmed Russia's "BBB-/A-3" credit rating on Friday, Kommersant reported.
The rating agency kept its stable outlook unchanged.
“We hope that the sustainable...
The European Union has decided to impose sanctions against six more Russian entities for being involved in the recent construction of the Kerch Strait Bridge -- a 19-kilometer-long bridge linking the mainland of southern Russia with the Crimean Peninsula, Interfax Ukraine reported.
The unnamed companies will be added to the...
China will consider the possibility of expanding the list of Russian regions allowed to export grain products to the country, Russia’s agricultural watchdog, Rosselkhoznadzor, said in a statement on Friday, according to RIA news agency.
"The issue is about all Russian regions being allowed to supply wheat, soybeans, corn,...
