Russia attracts investors despite its image
As Russia enters a period of political transition, with President Putin`s two terms in office coming to an end, is it on track to achieve his goal of doubling the size of the economy?
Russia and Canada signed broad economic agreements
Canada and Russia agreed Thursday to expand economic cooperation in areas of agriculture, fisheries, nuclear power and trade financing, officials said.
Russia could join WTO without Georgia`s compliance
Russia could join the World Trade Organization even without Georgia`s consent, Moscow`s top negotiator said on Thursday.
European, Asian stocks mostly higher after Wall Street bounce
European stocks mostly rose Thursday, though winnings were less strong than in Asia and overnight on Wall Street, where gains were extended on hopes of another US interest rate cut to bolster the economy.
Oil prices fall in Asian Trading
Oil prices fell Tuesday on growing expectations that OPEC ministers will agree to raise crude production during a meeting next week.
Oil prices rise near $99 as temps fall
Oil prices rose to near $99 a barrel Monday with temperatures falling in the United States and Europe and continued weakness for the U.S. dollar.
Russia won`t break up Gazprom into smaller companies
Russian energy giant Gazprom will not be split into several companies to produce, transport and distribute natural gas, a first deputy prime minister said on Monday.
Russia to start oil supplies to China in 2008
Russia will start supplies of up to 5 million metric tons (36.7 million barrels) of oil per year to China via Kazakhstan from 2008, the industry and energy minister said on Monday.
25% Prokhorov`s stake in NorNickel to be sold to RusAl
RusAl has agreed the acquisition of a 25% plus one share in the metal`s giant, Norilsk Nickel from Onexim Group, Mikhail Prokhorov`s holding company, a company press release said Friday.
European Central Bank chief warns of `brutal` foreign exchange movements
European Central Bank president Jean-Claude Trichet said Friday he did not welcome "brutal" exchange rate movements, a few hours after the euro hit another record high against the dollar.
Euro eyes 1.50 dollars after new record high
The euro Friday neared 1.50 dollars for the first time after reaching a fresh historic high against the US currency, which is suffering from expectations of slower US economic growth and more rate cuts.
Russia ratifies Cuban debt deal
Russia`s upper house of parliament ratified an agreement on Friday on the restructuring of Cuba`s $166 million post-Soviet debt to Russia.
Russia and Italy to build gas pipeline to Europe
Russia, supplier of a quarter of Europe`s gas, signed a pipeline agreement with Italy today that will give the Kremlin more control over the continent`s energy market.
Yukos company officially ceases to exist
The Yukos oil firm has formally ceased to exist following the completion of the company`s liquidation process, the Yukos bankruptcy administrator said on Thursday in Moscow.
Oil prices steady above $97 a barrel
Crude oil prices were steady above $97 a barrel Thursday after failing to break above $100 as a U.S. weekly inventory report showed crude oil stocks rose at a key oil terminal.
Russia to use rubles in oil trade
Russia could start using rubles in oil trade in five years, Russian Finance Minister Alexei Kudrin told journalists today.
Russia`s MTS Q3 net up 35 pct, beats forecasts
MTS , Russia`s largest mobile phone operator, posted a better-than-expected 35 percent rise in third-quarter earnings on Tuesday, helped mainly by growth in usage.
OPEC comment drives oil close to $95
Oil prices rose Monday with more talk among OPEC members about converting their cash reserves to the euro and away from the U.S. dollar.
In 2008 inflation in Russia will amount to 7.5% - World Bank
"The World Bank forecasts that inflation in Russia in 2008 will amount to 7.5%", said Paloma Anos Casero, the bank`s economist behind a report on the Russian economy.
Polyus Gold acquisition talks freezed
Alrosa, Russia`s largest diamond producer, has suspended talks on the acquisition of gold producer Polyus Gold, Russia`s finance minister said on Friday.
Divided OPEC meets for summit
OPEC heads of state converged on Riyadh for a rare summit opening Saturday with the organisation divided over the falling US dollar and attempts to give a political impetus to the oil-exporting cartel.
Italian prime minister to visit Russia for boosting economic ties
Italian Prime Minister Romano Prodi will make a visit to Russia on November 22 at the invitation of Russian President Vladimir Putin, the Kremlin press service said on Friday.
Oil prices rise above $94 a barrel
Oil prices rose Friday amid expectations that global crude supplies will remain tight despite a U.S. oil inventory report that showed a surprising increase in domestic crude stockpiles.
Russia ratifies deal to restructure Cuba`s debt
Russia`s lower house of parliament ratified on Friday an intergovernmental agreement on restructuring Cuba`s $166 million post-Soviet debt to Russia.
Russian truck maker KAMAZ postpones $266 mln bond
Russia`s largest truck maker, said on Friday it has postponed until 2008 a 6.5 billion rouble bond issue originally planned for this autumn.