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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.
Business in Russia
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.
Business in Russia
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.
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Russian IT industry needs about 1 million specialists, says United Russia’s secretary
The struggle between countries for IT specialists is escalating, Andrey Turchak pointed out.
Business in Russia
Stora Enso wood producer to divest sawmills, forest operations in Russia
The sawmill sites are located in the Novgorod Region and Karelia.
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Global food security issues caused by sanctions, protectionism
The accelerated energy transition, which Western countries are implementing, has an extremely negative effect on the global situation as well, Russian Deputy Permanent Representative to the UN Dmitry Chumakov said.
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Malaysia hopes Russia's Aeroflot will open direct flights to Kuala Lumpur, says Ambassador
MOSCOW: Malaysian Ambassador to Russia Datuk Bala Chandran Tharman told Sputnik that he hopes Russian flagship carrier Aeroflot will soon open direct flights between St. Petersburg or Moscow and Kuala Lumpur.
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State Duma reappoints Nabiullina as Central Bank chief for new term
Elvira Nabiullina became the Central Bank chief in June 2013.
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Putin to hold a meeting to discuss measures to support metallurgy amid sanctions — Kremlin
During a closed-door part of the meeting there will be an exchange of views, reports by the Industry and Trade Minister Denis Manturov and Deputy Prime Minister Marat Khusnullin.
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Putin to hold meeting on situation in Russia’s metals industry on April 20, says Kremlin
On April 14, Putin held a meeting on the situation in the oil and gas sector, while on April 18, he discussed general economic issues.
Business in Russia