Russia to retain leading grain positions after resuming exports
Russia will retain leading positions on the world grain market despite a ban on grain export until the end of the year, a first deputy prime minister said.
Post-Crisis Vogue
Diamonds Are No Longer the Flavor of the Month with Rich Russians, as Investing in Ecology, Education and Art Becomes Trendy
Daimler to sell its production in Russia through KAMAZ
German auto concern Daimler AG is planning to launch in September-October sales of its production in Russia through the Russian dealers chain KAMAZ, 11% of which Daimler holds, KAMAZ director for corporate finances Yelena Milinova said on Monday.
Russians among most active Internet shoppers in Europe
Russia has seen a boom in on-line shopping, with about 94% of the country`s Internet users making at least one Internet purchase in the past half year, a respected Russian business daily said on Monday, quoting survey data.
Market trends buoy optimism on Greek recovery
A second wave of Greece`s financial crisis is still possible but current market trends are encouraging, Russian Deputy Finance Minister Dmitry Pankin said.
Russia`s Urals crude oil price jumps 69%
The average price of Russia`s Urals export oil blend jumped 69% in April 2010 year-on-year to $82.5 per barrel as the world economy recovers from the effects of the global economic crisis, a Finance Ministry official said on Tuesday.
Russia`s 2.7% quota in World Bank remains unchanged
Russia`s quota in the World Bank remained at the level of 2.7%, Russian finance minister Alexei Kudrin has said.
Russian branch of Nestle says `not notified` of baby food ban
Russia`s branch of the Swiss food giant Nestle has not been officially notified by the Russian consumer rights watchdog of a ban on some its baby food imports, a company manager said.
Russia signs $1.2 bln contract for jet fighter delivery to Algeria
Russia`s state arms exporter Rosoboronexport has signed two contracts worth $1.2 billion on the deliveries of 16 jet fighters to Algeria and another six fighters to Uganda, the Russian Vedomosti daily reported on Monday.
Russian stock market briefly sags on Moscow blast news
Russia`s leading stock exchanges, MICEX and the RTS, opened on Monday with their key indexes going down on news of terrorist attacks in the Russian capital, but recovered soon afterwards.
Russian Natural Gas Exports Will Fail To Meet EU Growing Demand
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`s work to build China`s Tianwan nuclear plant stage to cost $1.8 bln
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 cancels restrictions on pork imports from Ireland
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.
Russian power sector urgently needs massive investment
The Russian electricity sector requires a colossal injection of funds in the next decade to repair and modernize dangerously outdated equipment, auditors said.
China intends to invest $300 mln in RusAl
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.
Putin unveils car production plant in Russia`s Far East
Prime Minister Vladimir Putin unveiled on Tuesday a plant in Russia`s Far Eastern city of Vladivostok to assemble Korean cars.
Russia paid small price in crisis
President Dmitry Medvedev reiterated on Thursday that Russia has survived the global economic crisis with no major losses.
Sberbank RAS net profit down 84% to $605 mln in Jan-Nov
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 to reach $59 bln on Jan 1, 2010
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.
Recession over in Russia
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 to reach pre-crisis level by late 2012
Russia`s economy will reach its 2008 pre-crisis level by the end of 2012, Finance Minister Alexei Kudrin said on Wednesday.
Russian expert maps out ways to combat climate change
Energy efficiency and energy saving are the key to reducing the human imprint on climate change, a Russian expert said on Monday.
Russia looks to boost trade with India
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.
Alcohol sales fall in Russia
Sales of alcohol fell by 15% in Russia in the first nine months of 2009 compared to the same period last year.
Russia and Euro-Atlantic
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.