Saudi Arabia and Russia are working on a long-term deal to extend their alliance on oil curbs that began in January 2017, after a crash in crude prices, Al Jazeera reports.
Saudi Arabia has led the Organization of the Petroleum Exporting Countries (OPEC) and allies outside the cartel to join...
The Russian ruble is headed for a three-month gain, despite the political and diplomatic storm culminating with the expulsion of 130 Russian diplomats, Bloomberg reports.
The latest fallout with the West is doing little to dent investor sentiment so far, as it shows in quarterly returns on the Russian currency over...
Russian state-owned gas monopoly, Gazprom, notified Ukraine’s Naftogaz that it refuses to comply with the awards of the Stockholm Arbitration obliging them to resume this year gas supplies to Ukraine and pay the Ukrainian side a total of $2.6 billion, the Kyiv Post reported.
Referring to the outcome of the latest...
The Russian Parliament has discussed a new mechanism to bail out insurance companies, Finance Minister Anton Siluanov said on Tuesday, according to Reuters.
“A draft law improving supervision on insurance companies, including a mechanism of their bailout, is being prepared by the State Duma,” Siluanov told a meeting with Prime...
The issue of approval of Russia’s Nord Stream 2 pipeline is still sitting stalled in the European Council – the body representing the 28 national governments of the EU, with little chance of approval coming anytime soon, Forbes reports.
The pipeline is meant to bring Russian natural gas directly to Germany...
Russia’s Finance Minister Anton Siluanov said it is impossible to raise taxes on non-oil and gas sectors and spend additional revenues from the oil price surge on infrastructure and social expenditure.
"We still consider extra spending of revenues from the current economic situation and tax burden rise for non-oil and...
Russia’s central bank will create a bad debts bank on the basis of Rost Bank and Trust Bank being bailed out by the Bank of Russia, a source in the financial and economic block of the government told TASS on Monday.
The Bank of Russia introduced temporary administration in Rost...
Russian President Vladimir Putin welcomed the Industry and Trade Ministry’s initiative to develop a new smaller model of the SSJ100, Russia’s modern fly-by-wire twin-engine regional jet, Kommersant reports.
The newspaper’s sources in the aviation industry said that the president had also approved plans to earmark $1.5 billion for the project,...
Russia will be forced to reciprocate if EU states decide to expel Russian diplomats, Izvestya writes on Monday citing sources in diplomatic circles. The news comes after leaders of countries in the European Union passed a decision to recall EU Ambassador to Russia Markus Ederer for consultations over the...
Russia’s First Deputy Agriculture Minister Dzhambulat Khatuov says the ministry is satisfied with the condition of winter crops, with a grain harvest anticipated at 100 million tons, TASS news agency reported.
"The Russian agriculture ministry jointly with the Russian regions is monitoring the situation. As of today, we consider the...
