News

Russia’s oil production up 1.7% in first half of May to 1.398 mln tonnes per day
Russia has mainly increased the production of crude oil gradually since last spring.
Business in Russia
Lavrov tells Cavusoglu Moscow is ready for settlement of Ukraine crisis - Foreign Ministry
Russian Foreign Minister briefs Turkish top diplomat on Russia’s operation in Donbass.
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Japanese sanctions against Sberbank and Alfa-Bank come into force
A ban for Japanese individuals and legal entities on new investments in Russia also comes into force.
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US unable to restrict Russia’s economic development, political influence — Medvedev
The United States will fail to restrict Russia’s economic development and its political influence in the world, the deputy chairman of Russia’s Security Council, Dmitry Medvedev, said on his Telegram channel on Wednesday.
Business in Russia
Russia, other GECF members to comply with gas agreements - Lavrov
As for gas supply to the world market, Russia, Algeria and other participants of the Gas Exporting Countries Forum abide by the agreements, Russian Foreign Minister said.
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EU to continue talks on Russian oil import ban on May 5 — Reuters
Earlier, the EC announced the sixth package of sanctions on Russia, which comprises a deferred ban on crude oil and petroleum products export to the EU.
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Gazprom supplied record-high gas volumes to Russian consumers on May 2 — spokesman
The cause is the abnormally low air temperature in the operational envelope of the Russian United Gas Supply System for early May.
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European Commission considers payment for gas in rubles breach of sanctions
According to Simson, the mechanism offered by Moscow of transfering euros to Gazprombank followed by the conversion of the payment into rubles is "a clear breach of sanctions as they provide assets for the operation of the Central Bank.
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Foreign pharmaceutical companies do not refuse to make drug supplies to Russia
All the pharmaceuticals with earlier observed panic buying are in sufficient quantities now.
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Germany’s BASF plans to halt almost all its business in Russia, Belarus by start of July
Currently, 684 employees work for BASF in these two countries.
Business in Russia