News

Russia's Economy Ministry to set up fund for venture projects in social, IT sectors.

Russia’s Economic Development Ministry plans to create a fund worth up to 6.9 bln rubles ($105.7 mln) for developing venture projects in education, social and IT sectors, Deputy Minister Ilya Torosov said. 

St. Petersburg to host international gas forum.

The St. Petersburg International Gas Forum is one of key platforms to discuss problems of the gas sector in Russia and across the world.

Rosneft and partners will expand Essar network of gas stations in India.
To date, Rosneft holds 49.13% in India's Nayara Energy.
Aeroflot and UAC sign agreement for 100 Superjet 100 aicraft.

Aeroflot and the United Aircraft Corporation have signed an agreement for delivery to Aeroflot, the national carrier, of 100 Superjet 100 (SSJ100) aircraft. 

Russian government plans to increase non-resource exports by 9.4% annually till 2024.

The share of exports of processing and agricultural sector products and services is to go up to 20% of GDP by 2024.

A total of 35 Russian universities make THE World University Rankings list.

The definitive annual table covers 1,250 higher education institutions from 86 countries.

Russian government approves draft budget for 2019.

In 2019 Russia will have a surplus budget for the first time since 2014.

Russia and China expected to reach $100 bln trade turnover in 2018.

The turnover between Russia and China soared 50% in the first half of 2018.

Russia expects budget surplus of 1.5-2% of GDP and 1.8-2% GDP growth in 2018

Upwards dynamics will be further growing in the following years.

Russia to increase oil production in 2019.
OPEC expects that average oil production in Russia will be 11.15 mln barrels per day in 2018.