American cars being sold in Russia could soon face higher taxes if the government approves measures aimed at the U.S. in retaliation for new tariffs on metal imports imposed by Washington, the country’s Economy Minister Maxim Oreshkin said.
According to TASS, Oreshkin said that Russia would soon introduce additional import...
Gold lifted off an early six-month low and went slightly up on Thursday, as the U.S. dollar fell from an 11-month high, with traders saying they heard Russia had been increased its bullion purchases, Reuters reported.
Spot gold was up 0.2 percent at $1,265.4 an ounce at 1501 GMT but...
Russia says it will soon discuss cooperation regarding infrastructure construction projects with North Korea.
Moscow's Minister for Development of the Far East, Alexander Kozlov, said in an interview with Russia’s RIA news agency that experts from the two countries will meet in the Far East region later this month over the...
The Bank of Russia announced it will appoint VTB Capital strategist Alexei Zabotkin as the head of its monetary policy department in August to replace Igor Dmitriev, who decided to leave the bank, Reuters reported.
Dmitriev served as the head of the monetary policy department for five years before he decided...
Sheremetyevo International Airport’s Terminal B has opened a brand new multilevel parking lot, designed for 2500 cars and connected to the airport building by a pedestrian gallery.
The parking lot is equipped with a video surveillance system, and the cost of the services depends on the period for which the...
As Russia and Saudi Arabia plan to propose a crude production increase of 1.5 million barrels per day in order to stabilize output and bring the market to balance, Russian oil companies support the trend and are ready to contribute to the boost, Izvestya reports.
"There are various outlooks on oil...
The United States will be the world's top oil producer in just a matter of months, says Pioneer Natural Resources Chairman Scott Sheffield. He told CNNMoney that he expects U.S. production to surpass 11 million barrels a day within the next three to four months.
If achieved, that level of output...
Official data published on Wednesday showed Russia’s economic recovery continued in May as retail sales kept on rising while unemployment levels reached record lows, Reuters reported.
After two years of contraction caused by a rapid drop in oil prices and sanctions that the West imposed on Russia in 2014 for...
The soccer World Cup being held in Russia will mark the beginning of a “new chapter” in the country’s economic development, says prominent economist and publicist Mikhail Delyagin.
“If you look at small business expenses, what was invested in stadiums and infrastructure and how much beer will be drunk in...
The expansion of U.S. sanctions against Russian in April hasn’t had any substantial impact on the economic activity in the country, a recent report by the Bank of Russia says.
According to Izvestya, the central bank report said that as many as 70% of Russian companies have felt no effects...
