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Novatek can start gas shipments from Arctic LNG 2 in February 2024
Arctic LNG 2 project participants are Russia’s Novatek (60%), TotalEnergies (10%), CNPC (10%), CNOOC (10%), and Japan Arctic LNG (10%).
Business in Russia
Average maximal interest rate on ruble deposits moves to 14.87% in mid-January
Deposit interest rates are monitored by the regulator in Sberbank, Sovcombank, VTB, Gazprombank, Credit Bank of Moscow, Alfa-Bank, Bank FC Otkritie, Promsvyazbank, Tinkoff Bank, and the Russian Agricultural Bank.
Business in Russia
Sales of foreign currency earnings important for Russia’s economic stability
Boris Kopeikin recalled that under the sanctions, the Central Bank's reserves in euros and dollars are frozen and cannot be used to reduce exchange rate volatility.
Business in Russia
State should expand decisions on business support — Putin
"We have already made certain decisions, but if not everything works or does not apply to businesses like yours, then this should be expanded," the Russian president noted.
Business in Russia
Inflation reaches 7.42% in 2023 — Bank of Russia
The price growth rate remains high for a wide range of goods and services for the sixth month in succession, the regulator noted.
Business in Russia
Russia to launch new national project on transportation this summer
It will have to ensure the prioritization of measures, based on the transportation and economic balance, the single core transportation network and the general development plan for the single core transportation network, Andrey Belousov noted.
Business in Russia
Far East, Arctic report 40% growth of visiting travelers — minister
The share of tourist trips to the Arctic districts and to the Far East in the total amount of tourist trips inside Russia grew by 8.6%, Maxim Reshetnikov noted.
Business in Russia
Novatek increases gas production by 0.3% yoy to 82.39 bcm in 2023
The company's liquid hydrocarbon production increased by 3.6% year-on-year in 2023, to 12.37 million tons.
Business in Russia
Russia’s budget expenditures on national projects total 99% as of January 1 — ministry
It is reported that execution of federal budget expenditures on the implementation of national projects as of January 1, 2024, amounted to 2.983 trillion rubles.
Business in Russia
Average maximal interest rate on ruble deposits moves to 14.79% in early January
The Central Bank of Russia said earlier that it would keep an eye on cases when the bank’s interest rate for ruble deposits is more than 2 percentage points higher than the average one for ten monitored banks.
Business in Russia