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.
Russia`s state-controlled oil producer Rosneft said on Wednesday its net profit under Russian Accounting Standards had declined almost 50% in January-June 2009, year-on-year, to 81.32 billion rubles ($2.6 bln).
Russia`s largest privately owned oil producer LUKoil said on Monday its net profit calculated under Russian Accounting Standards had declined 27%, year-on-year, in January-June to 37.5 billion rubles ($1.2 billion).
Russian dealers will learn to sell in a new way. Deputies of the State Duma will discuss a trade bill. In the near future uniform rules of production realisation and norms of interaction with suppliers for ten thousand retailers can be introduced.
Russian Prime Minister Vladimir Putin signed on Thursday a government order on Russia`s participation in an ambitious laser research project to be based in Germany.
Russia will allocate over 120 billion rubles ($3.8 billion) for a federal program to develop new generation nuclear energy technology in 2010-2012, Russian President Dmitry Medvedev said on Wednesday.
Russia`s largest truck producer KamAZ announced on Tuesday net profits under Russian Accounting Standards of 54.96 million rubles ($1.8 million) in April-June 2009.
A Muslim couple from Russia`s second largest city of St. Petersburg has named their child Mahmoudahmadinejad after the Iranian president, the Tatar community website in St. Petersburg reported.
Tinned meat for 15 rubles, litre juice - for 10 rubles and other foodstuff now can be bought at a fire-sale price meat in the Russian markets. Crowds of people queue in order to buy these products from morning. Buyers of the goods with almost or already expired period of storage.
The Central Bank demands from bankers decreasing of deposists’ rates. Some leading Russian banks Recommendations to revise yield under deposits have received already. Those who will not change the rate, the regulator threatens to deprive of future crediting.
Russian industrial production should start growing again by the end of the year and a conservative forecast of 2010 GDP growth would be 1%, Finance Minister Alexei Kudrin said on Thursday.
The total value of Russian exports will drop by $190 billion in 2009, while imports will decrease by $100 billion, the country`s finance minister said on Thursday.
Russia`s natural gas exports to countries other than former Soviet republics declined 50%, year-on-year, in January-May 2009 to 37.8 billion cubic meters, the Federal Customs Service said on Monday.
The Russian machine-building holding company, Concern Tractor Plants (CTP), expects to hold talks before the end of 2009 on tractor production in Nigeria, a senior company executive said on Monday.
Petroleum cost from the beginning of this year was lifted for the first time to 70 dollars for barrel. The rise in prices for "oil" was positively reflected in work of home stock market, counters of many companies have spread upwards. However experts are not inclined to consider such lifting will last long.
Russia expects to earn 57 billion rubles ($1.8 bln) annually from oil exports to China, Energy Minister Sergei Shmatko said on Friday.