Russia`s foreign debt down $8.4 bln to $475.1 bln in 1H09
Russia`s foreign debt fell by $8.4 billion to $475.1 billion in the first six months of 2009, the Central Bank said on Friday.
VTB`s 1H09 net loss $846 mln
VTB, Russia`s second-largest bank, reported a net loss of 26.45 billion rubles ($846 mln) in the first six months of the year, the bank`s press service said on Friday.
World price of Russian oil averaged $50.82 per barrel in 1H09
The average price of Russian oil in the first six months of 2009 was less than half what it was for the same period a year ago, a senior Finance Ministry official said on Wednesday.
Poland seeks increase in Russian gas imports
PGNiG expects to increase Russian natural gas imports by 2-3 billion cubic meters to 10-11 bcm annually from 2010, a senior official at the Polish energy company said on Wednesday.
GM, Ford suspend production in Russia over crisis
Global automakers General Motors and Ford on Wednesday suspended production at their car plants in Russia over weak demand for vehicles, the companies said.
Business is out of crisis?
Russian businessmen are not ready to reconstruct business structure because of the crisis. According to experts of KPMG company, only 23 % of representatives of our business aspire to radical changes. For comparison the rating leader Japan has this indicator in an amount of 87 %.
Over 300 cats in Shanghai saved from dinner table
Members of a Chinese animal rights group have rescued over 300 cats, who were due to be served as a delicacy in southern Chinese restaurants, the Shanghai Daily said on Monday.
Gazprom to buy 0.5 bcm of Azerbaijani gas annually from 2010
Gazprom will buy 500 million cubic meters of natural gas from Azerbaijan annually from January 1, 2010, CEO Alexei Miller said on Monday.
Putin says Russia unable to make gas payments for Ukraine
Russia`s prime minister said Monday that Moscow could not help Ukraine pay for Russian gas deliveries as Kiev signaled it was having difficulties raising funds.
The worst of severe US recession likely over
Oil prices soared above $71 a barrel Wednesday to reach a 2009 high, as investors poured money into crude markets to protect themselves against the inflation risks posed by a weakening U.S. dollar.
Medvedev says global crisis not yet over, but lessons learnt
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 reserves up $8.4 bln in week - Central Bank
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 offers grain from reserves as aid to poor countries
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.
VEB could provide $2.6 bln in agricultural loans this year
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.
The Central Bank hurries Russians to hand over currency
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.
Banks can be forbidden to raise interest rates for credits already taken by its clients
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.
Swinish economy
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.
Russian economic slide worsening
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 loses billions from decision delays in carbon trading
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 to open car factory in Petersburg on June
Nissan will officially open a car factory in St. Petersburg on June 2, the Japanese car giant said on Thursday.
Russia`s X5 food retailer posts $82.1 mln net loss for Q1
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.
Is the new love affair with bank shares wise?
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 still undecided on Ukraine $5 bln loan issue - ministry
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.
Putin says Russia needs new rockets to increase launch market share
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.
Russian economy in sharp slowdown
Russia`s economy contracted sharply in the first three months of the year, hit by the global slowdown, Federal State Statistics figures show.