Russia’s economy is gaining ground on the rising global prices of oil, a new forecast by the European Commission says.
“Going forward, higher oil prices will help to replenish off-budget reserves. The budget balance is likely to reach surplus at the end of the forecast horizon, driven mainly by higher...
International giants such as Ikea, PepsiCo, and L’Oreal are among scores of companies using a Russian recruitment robot to interview prospective employees. According to a recent report by The Washington Post, Robot Vera, developed by Russian start-up Stafory, is currently conducting around 1,500 job interviews per day and is able...
Russia’s oldest car company GAZ is reported to have said that it may have to cease vehicle assembly in Russia in June because of recently imposed U.S. sanctions, Automotive Logistics reports. The Washington measures have blocked the import of automotive components from the U.S., Germany and the Czech Republic.
Since...
Ukrainian President Petro Poroshenko has said his country will expand financial and other sanctions against Russian individuals and companies, mirroring U.S. efforts to punish Moscow for its actions in Ukraine and elsewhere.
Poroshenko made the announcement on Wednesday after a meeting with his National Security and Defense Council. He did...
Taxi services, supermarkets and various stores in the Russian city of Rostov on the Don River have started accepting Bitcoin Cash (BCH) with stores selling Bitcoin and different BTC teller machines installed in supermarkets, Bitcoin News reports.
This is happening in the wake of crypto-regulation efforts by the Russian government,...
A maker of prominent industrial-control software acknowledged a potentially critical vulnerability in two of its products after the U.S. Department of Homeland Security and the British National Cyber Security Centre warned critical-infrastructure facilities controlling electricity, water, and oil and gas operations about potential computer attacks from Russia.
“In multiple instances,...
The Organization of Petroleum Exporting Countries (OPEC) continues to over-deliver on its production cuts, with output falling further last month as the group nears its goal of rebalancing the oil market.
The cartel pumped 31.93 million barrels a day in April, down from a revised 31.97 million in March, a...
The Organization of Petroleum Exporting Countries (OPEC) continues to over-deliver on its production cuts, with output falling further last month as the group nears its goal of rebalancing the oil market.
The cartel pumped 31.93 million barrels a day in April, down from a revised 31.97 million in March, a...
Russia and Pakistan have reached an agreement to boost bilateral cooperation in various fields, including counterterrorism, economy and trade, Menafn reported.
The agreement was made in messages exchanged between Russian Foreign Minister Sergei Lavrov and Pakistani Foreign Minister Khawaja Muhammad Asif, the report said.
According to the Russian Foreign Ministry, the messages...
The U.S. Treasury Department has extended a deadline for investors to give up their interests in three Russian companies, giving firms time to reduce links to Russian oligarch Oleg Deripaska and ultimately avoid U.S. sanctions, The Wall Street Journal reported.
Late on Wednesday, Washington extended until June 6 a deadline for...
