The global economic crisis has not been resolved, but it has prompted Russia to work harder to diversify its economy to avoid similar developments in the future, the Russian president said.
Russia`s international reserves grew $8.4 billion to $409.5 billion in the week ending June 5, the Central Bank said on Thursday.
Russia could use its grain intervention fund to provide humanitarian aid to countries facing starvation amid the global economic crisis, First Deputy Prime Minister Viktor Zubkov said on Sunday.
The Russian national development bank Vnesheconombank (VEB) could approve $2.6 billion in loans to agricultural companies this year, the bank`s top management said on Sunday.
Collected from the beginning of the crisis dollars and euros should be cashed into ruble. According to the department management, transfer of foreign currency reserves in rubles will encourage improvement of the Russian economy.
The Russian Procuracy has decided to deal closely with credit institutions breaking the civil code of the Russian Federation. The Krasnodar branch of VTB 24 was first to receive the instruction to correct infringements. There can be tens of banks next in turn on "the black list" of Procuracy.
Not only doctors and politicians, but also economists have started talking about A/H1N1 as world threat. In their opinion, epidemic "walking across the planet" can become one more challenge for the national economies weakened by the crisis.
Russia`s economy contracted sharply in April - shrinking by 10.5% from the same month a year ago - Deputy Economy Minister Andrei Klepach has said.
Russia has lost out on billions of dollars in investment and carbon trading payments due to government delays in considering environmental project applications, the head of an environmental investment group said.
Nissan will officially open a car factory in St. Petersburg on June 2, the Japanese car giant said on Thursday.
X5 Retail Group, Russia`s largest food retailer, posted on Thursday a net loss under International Financial Reporting Standards of $82.1 million in January-March against a net profit of $83.3 million a year ago.
U.S. banks have been able to raise many billions of dollars in the past few weeks by selling shares to investors, but the jury is still out on whether this is the savviest of "smart money" -- or just plain dumb.
Russia has not yet decided whether to allocate Ukraine a $5 billion loan to help its economy overcome the global recession, a deputy Russian finance minister said on Wednesday.
Russia must strengthen its competitive positions on the global commercial space launch market by expanding its launch facilities and developing new types of carrier rockets, the prime minister said on Monday.
Russia`s economy contracted sharply in the first three months of the year, hit by the global slowdown, Federal State Statistics figures show.
The deposit insurance agency will not pay indemnification for some types of deposits. Experts of the department consider unreasonable to return means to those citizens who made claims to bank within 3 months before licence withdrawal. The amendment contains an option: in case there was no actual cash receipt in bank, and the bank did not execute the clients’ commission, i.e. was insolvent.
Russian mobile operator, VimpelCom, has posted a FY 2008 Net Income of $524 million under U.S. GAAP.
Russian energy producer, Novatek, has posted a 1Q 2009 Net profit of 2.134 billion Roubles under IFRS.
Russian GDP fell 9.5% in the first quarter of the 2009, year-on-year, and 23.2% on the fourth quarter of 2008, the Federal Statistics Service said on Friday.
Russian gas monopoly Gazprom signed agreements on Friday with transit states Bulgaria, Greece, Serbia and Italy to push forward South Stream, another pipeline to pump natural gas to Europe.
"Regional separatism" appears in Russia. More and more constituent territories of the federation start to introduce restrictions on the imported goods from other regions.
The Obama administration`s plan to reshape the opaque world of derivatives trading, unveiled on Wednesday, is only a preview of sweeping financial reform proposals that may be announced as soon as next week.
The Russian government`s foreign debt, including liabilities of the former Soviet Union, declined 2.7% in January-March 2009 to $39.5 billion, the Finance Ministry reported on Tuesday.
Russia will export a record amount of grain this agricultural year, the president of the Russian Grain Union said on Tuesday.
Russia`s Central Bank announced on Wednesday it would cut its key lending rate by 0.5 percentage points to 12% per annum from May 14, following a slowdown in consumer price growth.