News

Russia’s current viable reserves to suffice for 21 years, says mineral resources agency
Western Siberia remains the most promising Russian region for exploration of oil and gas reserves, Acting Head of the Federal Agency for Mineral Resources Yevgeny Petrov noted.
Business in Russia
IEA growing OPEC+ output since October condition for balancing oil market
Under current agreements, OPEC countries increase oil production by 400,000 bpd per month, this plan will be in effect until October
Business in Russia
Russia’s Inflation Hits New 5-Year High Ahead of Parliamentary Polls
Russia’s inflation rate accelerated to a new five-year high of 6.7% in August, the federal statistics service said Wednesday.
Business in Russia
Russia to develop a system of rights protection in cross-border transactions
The document highlighted the need to streamline admission of foreign providers of financial services to the market.
Business in Russia
State corporations negatively affect competition in country — Kudrin
Head of Russian Accounts Chamber noted that the lack of investment from companies meant that the country's investment climate was insufficient.
Business in Russia
Russian economy still has potential for further recovery, says Economy Minister
Maxim Reshetnikov noted that the recovery of the Russian economy was evidenced by the improvement of the situation on the labor market, a positive picture in the sectoral context, as well as positive dynamics in the area of investments.
Business in Russia
Russia not ready to recognize bitcoin as official means of payment — Kremlin
Bitcoin is a decentralized system of the eponymous cryptocurrency based on blockchain technology.
Business in Russia
Rusal shares hit 2011 high on Hong Kong Stock Exchange
The main shareholder Oleg Deripaska said earlier that the attempted coup in Guinea might affect the situation on the aluminium market.
Business in Russia
Putin highlights Far East’s advanced development as Russia’s top priority
The development of the Russian Far East is a unique task by its complexity, Russian President added.
Business in Russia
Putin kicks off new investment projects in the Far East
The launch of four new projects was announced.
Business in Russia