Rosneft, Russia's largest oil producer is looking to its operations in Vietnam for the experience needed to expand its global reach, while its offshore extraction with Western companies is barred by Western sanctions, Reuters reports.
Vietnam is a traditional ally of Russia, and Kremlin-controlled Rosneft is part of a consortium...
EU regulators will settle their antitrust case with Gazprom by next week, people close to the matter said on Monday, after the Russian energy giant pledged to change its pricing structure and allow rivals a foothold in eastern Europe, Politico reports.
The European Commission is due to announce the deal...
A little-known Moscow bank whose biggest shareholders are President Nicolas Maduro’s socialist government and two state-controlled Russian companies under U.S. sanctions is involved in the effort to push the Petro, Venezuela’s state cryptocurrency, The Associated Press reports.
The bank, called Evrofinance Mosnarbank, is the only international financial institution so far...
Rosatom, Russia’s state nuclear energy company, has offered to put up floating nuclear power plants in the Philippines as the country explores the possibility of generating nuclear power, GMA News Online reported.
“Our breakthrough solution here is a floating nuclear power plant (FNPP), which is a mobile low-capacity reactor operable...
Cooperation between Russian oil major Rosneft and Italy’s energy giant Eni in geological prospecting on the Russian shelf may be terminated due to U.S. sanctions against Russia, Moscow business daily Kommersant reports.
Despite the two parties saying the opposite, the Washington sanctions called into question Eni’s possibility to finance oil...
Russia’s Finance Minister Anton Siluanov said on Monday the government is considering providing support to sanctions-hit companies Rusal and GAZ, owned by billionaire Oleg Deripaska, but will not go as far as buying stakes in his firms, RIA news agency reported.
"The issue of credit support to Rusal...
Despite high global oil prices aiding Russia’s budget, the rally also has another side which affects the economy: the country’s authorities are forced to borrow more in domestic currency, Bloomberg reports.
Last week, it was reported that the country’s budget is now on track for its first surplus since 2011,...
The Eurasian Economic Union (EAEU) will hold a summit in the Russian seaside resort of Sochi on Monday, with energy cooperation said to be the focus of planned discussions, TASS news agency reported.
According to Russian presidential aide Yuri Ushakov, digital economy, medicine, environment and Moldova’s membership as an...
A document seen by Reuters shows Russia’s Otkritie Bank, rescued as part of a state bailout project last year, had non-performing assets of more than $6.81 billion at the start of the year, breaking central bank requirements.
Russia’s central bank rescued three of the country’s biggest private banks, including Otkritie,...
Trade between Russia and Egypt may go up to $10 billion in 2018, chairman of the Russia-Egyptian Business Council under the Russian Chamber of Commerce and Industry, Mikhail Orlov, said on Friday, according to TASS.
"Trade is growing dramatically It was about six billion dollars last year and is...
