While the political ramifications of dependence on Russian natural gas are a current topic of debate within the European Union, often the talk fails to address a much larger issue of whether or not the importing of Russia`s natural gas will help to meet the EU`s growing demands.
Russia and China have agreed that Russia`s part of work to build the second stage of the Tianwan nuclear power plant (NPP) will cost 1.3 billion euros ($1.8 bln), a source close to negotiations said.
Russia`s agricultural regulator has canceled provisional restrictions on pork imports from Ireland, imposed in late 2008 following a contamination risk warning by Irish authorities.
The Russian electricity sector requires a colossal injection of funds in the next decade to repair and modernize dangerously outdated equipment, auditors said.
China Investment Corporation is considering the purchase of shares in Russia`s aluminum giant RusAl worth $300 million, the Zhongguo Wang news service said on Tuesday.
Prime Minister Vladimir Putin unveiled on Tuesday a plant in Russia`s Far Eastern city of Vladivostok to assemble Korean cars.
President Dmitry Medvedev reiterated on Thursday that Russia has survived the global economic crisis with no major losses.
Russia`s largest state lender Sberbank has posted a 83.6% year-on-year decrease in its net profit, calculated to Russian Accounting Standards, to 18.5 billion rubles ($605 mln) in January-November 2009.
Russia`s Reserve Fund set up to cushion the federal budget against a fall in oil prices will reach 1.8 trillion rubles ($58.87 bln) on January 1, 2010, Finance Minister Alexei Kudrin said on Wednesday.
Russian Finance Minister Alexei Kudrin signaled on Wednesday an end to recession, announcing that the country`s economy was expected to grow more than 2% in October-December 2009.
Russia`s economy will reach its 2008 pre-crisis level by the end of 2012, Finance Minister Alexei Kudrin said on Wednesday.
Energy efficiency and energy saving are the key to reducing the human imprint on climate change, a Russian expert said on Monday.
Russian President Dmitry Medvedev highlighted Moscow`s determination to step up trade with India during a meeting with visiting Indian Prime Minister Manmohan Singh on Monday.
Sales of alcohol fell by 15% in Russia in the first nine months of 2009 compared to the same period last year.
The rapid changes in the world economy and politics yet another time raise an "evergreen" Russian issue of its relations with larger Europe or with the Euro-Atlantic region.
Russia will not disburse the last $500 million tranche of a $2 billion stabilization loan to Belarus and will not grant a $5 billion loan to Ukraine, Russian Finance Minister Alexei Kudrin said on Monday.
Gazprom subsidiary Gaztorgpromstroy is to open a series of supermarkets and a fast food chain, Russian business daily Kommersant said on Monday.
Russia will allocate $50 million as part of the World Bank program to support the poorest developing states, according to an agreement signed on Saturday by the Russian finance minister and the World Bank chief.
Russia could borrow from $2 billion to $4 billion from the World Bank next year to ease the effects of the economic crisis, Finance Minister Alexei Kudrin said on Sunday.
Russia will raise oil export duty on its benchmark Urals blend from $238.6 per metric ton to $240.7 per metric ton from October 1, following trends on global oil markets, the government said on Monday.
Russia`s Central Bank said on Tuesday it expected net capital outflow in 2009 to hit $42 billion and inflation to come in below 12%.
Russia is likely to raise Urals oil export duty from the current $238.6 to $240.7 per metric ton from October 1, following trends on global oil markets, a senior Finance Ministry official said on Tuesday.
Gazprom will increase investment in projects in Russia`s Far East by 81% to 67 billion rubles ($2.1 billion) in 2009, a deputy CEO of the energy giant said on Tuesday.
Russia`s Norilsk Nickel announced on Friday a net profit of 52.1 billion rubles ($1.65 billion) according to Russian Accounting Standards for the second quarter of this year.
Bonuses paid to executives at nine banks that received U.S. government bailout money in 2008 were greater than net income at some of the banks, the office of New York Attorney General Andrew Cuomo said on Thursday.