breakingnews
20.01.2009, 11:08
Declining oil prices and a sharp slowdown in the global economy have prompted the Russian government to review the 2009 state budget. The Finance Ministry expects a sharp decline in economic growth.
20.01.2009, 10:51
Sweden’s Volvo Trucks has launched its assembly plant in what's know as Russia’s Detroit – the Kaluga Region. Analysts say the timing of project is both good and bad.
20.01.2009, 10:21
The Gazprom Naftogaz conflict is over with Moscow charging Ukraine a market price for its gas in 2010 and granting a 20% discount this year. In turn, Kiev won’t increase transit fees in 2009.
Published: 21 January, 2009, 10:14
The two week-long gas dispute cost Gazprom more than $1 Billion in lost export revenues that the company plans to recuperate by the summer.
