Europe to remain Gazprom`s main market in mid term - CEO
YUZHNO-SAKHALINSK, February 18 (RIA Novosti) - Gazprom is continuing to regard Europe as its main natural gas market in the mid term, the CEO of the Russian energy giant said on Wednesday.
EU court partially accepts Yukos claim against Russian govt.
MOSCOW, February 18 (RIA Novosti) - The Strasbourg-based European Court of Human Rights has ruled that a claim against the Russian government filed by the liquidated oil firm Yukos is partially acceptable, a business paper reported on Wednesday.
Russia unveils its first LNG plant in Sakhalin-2
PRIGORODNY (Sakhalin), February 18 (RIA Novosti) - Russia unveiled its first liquefied natural gas (LNG) plant in Sakhalin on Wednesday opening up new energy markets in the Asia-Pacific region.
Non-state Pension Funds are waiting for help from government
Financial crunch puts the brakes on the development of the pension reform in Russia. Non-state pension funds also suffered from the crunch. The companies lost up to 40% of their income last year because of the stock market downfall.
Russia`s stock market extends losses on negative economic data
MOSCOW, February 17 (RIA Novosti) - Russia`s two main stock exchanges, MICEX and the RTS, opened lower on Tuesday following negative macroeconomic data published by the country`s top statistics body.
Can a baby save from crisis?
Over 90,000 of Russians turned to the Pension Fund affiliates asking to pay for mortgage loan with their maternity capital. Specialists predict growth of such compellations in the near future.
Crisis won`t scare away Russians from credit cards
Russians’ debts owed to the banks are increasing. More than 1\4 of them are for credit cards. It is not a perspective credit activity anymore, but a delay action mine.
How low can the rouble go?
The rouble this week was hovering close to the Central Bank`s latest line in the sand, 41 to the dollar, after the government has spent some $200 billion - one third of its international reserves - in managing the currency`s decline against the dollar/euro basket in the last six months.
Russia, India may form military transport planes JV in 2-3 months
BANGALORE (India), February 12 (RIA Novosti) - Russia and India could set up a joint venture to produce medium-lift military transport planes in the next two or three months, the United Aircraft Corporation chief executive said on Thursday.
Russian investigator accuses deputy finance ministers of fraud
MOSCOW, February 12 (RIA Novosti) - Russia`s top investigator accused on Thursday the country`s current and former deputy finance ministers of being behind schemes to embezzle huge amounts of state funds.
EU must review energy relations with Russia, Ukraine - Solana
MOSCOW, February 11 (RIA Novosti) - The European Union needs to review its energy relations with Russia and Ukraine in the wake of January`s natural gas row between the two countries, EU foreign policy chief Javier Solana said on Wednesday.
Dollar down 19.73 kopeks, euro down 23.20 kopeks - Central Bank
MOSCOW, February 10 (RIA Novosti) - The official dollar rate set by the Russian Central Bank for February 11 is 35.9285 rubles, down 19.73 kopeks from Tuesday, the Central Bank said.
Govt working group starts monitoring use of bailout funds by bks
MOSCOW, Feb 10 (Prime-Tass) -- A government working group has started monitoring the use of bailout funds by 70 Russian banks, the Prosecutor General`s Office said Tuesday, ITAR-TASS reported.
Russia holds no talks on corporate debt restructuring - Kudrin
MOSCOW, February 10 (RIA Novosti) - The Russian government has no intention to consider restructuring the foreign liabilities of domestic companies and banks, Finance Minister Alexei Kudrin said on Tuesday.
Vladimir Putin threatens jail in crackdown on insider trading
Vladimir Putin, the Prime Minister of Russia, ordered a crackdown on insider trading in the country`s ailing stock markets yesterday and said that the country should create its own debt ratings agencies.
Indexation of pensions may be held 4 times in Russia in 2009 - Putin
MOSCOW, February 9 (Itar-Tass) - Pensions’ indexation (adjustment to inflation) in the Russian Federation will most likely be conducted 4 times, not 3, as earlier planned, Prime Minister Vladimir Putin said at a meeting of the government’s presidium. "I ask the Finance Ministry to plan allotting corresponding resources for this," he said.
Obama warns of economic meltdown
US President Barack Obama says if lawmakers fail to approve his proposals for tackling the recession, the economic crisis could become a national catastrophe. Obama is struggling to win the support of a divided Congress for his recovery package.
The City fears Russia`s default
MOSCOW. (RIA Novosti political commentator Andrei Fedyashin) - The first Russian-British financial consultations in early February in London will reveal what Russia can expect from European banks. Regrettably, Russia cannot hope for much.
Russia to complete Iran`s Bushehr nuclear power plant on time
MOSCOW, February 9 (RIA Novosti) - Russia will complete the construction of the $1 billion Bushehr nuclear power plant in southern Iran on schedule, a Russian Foreign Ministry official said on Monday.
Russia`s AvtoVAZ restarts production after stoppage
SAMARA, February 9 (RIA Novosti) - Russia`s leading carmaker AvtoVAZ on Monday restarted its production lines, which were halted on Friday over problems with suppliers, the plant`s spokesperson said.
Dollar down 25.40 kopeks, euro up 11.63 kopeks - Central Bank
MOSCOW, February 9 (RIA Novosti) - The official dollar rate set by the Russian Central Bank for February 10 is 36.1258 rubles, down 25.40 kopeks from Monday, the Central Bank said.
Russia develops new arms procurement program for 2011-2020
The Russian Defense Ministry has started the development of a new arms procurement program for 2011-2020, a Russian daily newspaper said on Monday, citing government sources.
Russia economic growth can slow down to 0-2% - minister
In conditions of the global financial and economic crisis the growth rate of Russia?s economy this year can slow down to zero-two percent, Russian Deputy Prime Minister and Finance Minister Alexei Kudrin said at the opening of the Asian Financial Forum on Monday.
Russia, Ukraine agree to resume gas flow
The prime ministers of Russia and Ukraine reached an agreement early Sunday morning to resume gas supplies to Europe by early next week.
Euro strikes six-month dollar low
The euro on Monday fell below 1.45 dollars for the first time since February as the market anticipated lower interest rates in the eurozone, with inflation concerns easing amid tumbling oil prices.