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Regional development

BRICS bank to complement Washington-based development institutions – Presidential aide
The BRICS New Development Bank is not an alternative to the IMF and the World Bank but rather a complement, said Presidential aide Sergey Glazyev. It will address the challenges that Western institutions currently ignore.

22.05.2015 13:40

China offers to build 1st high-speed rail link to Russia
Jilin Province in China has offered to build a railway to Vladivostok for Russia’s Far East Region of Primorsky Krai. It would be the first cross-border high-speed rail link between the two countries and Russia’s major Pacific port.

21.05.2015 09:47

Russian regulator acting ‘adequately’ as economy stabilizes – IMF
The Central Bank of Russia is taking effective steps to stabilize the national currency and the economic situation as a whole, according to the Deputy Managing Director of the International Monetary Fund (IMF) Min Zhu.

19.05.2015 07:43

US promises Ukraine help to become gas exporter
Ukraine has every chance of becoming a gas exporter again, as it was in the first half of the 20th century, said US Ambassador to Ukraine Geoffrey Pyatt. He added that the US will certainly help Kiev to achieve the goal.

15.05.2015 07:29

China allocates $96mn for Sino-Russian Amur Rail Bridge
The Heilongjiang branch of the Export-Import Bank of China has allocated over $96.5 million to construct the Chinese section of the Sino-Russian railway bridge. The first railway bridge over the Amur River should cut transportation times and boost trade.

12.05.2015 11:26

EU slashes growth outlook for Greece, blames high uncertainty
The European Commission has sharply cut its 2015 growth forecast for Greece to 0.5 percent, pointing to political uncertainty in Athens. Greece is struggling to agree a package of economic reforms with the Troika of creditors to unlock bailout funds.

05.05.2015 09:53

GDP growth slows to 0.3% in final week before general election
UK economic growth has slowed to just 0.3 percent in the first quarter of 2015, providing Ed Miliband’s Labour Party with ample campaign ammunition in the final week of electioneering.

28.04.2015 11:23

Putin urges to fill Russian market with domestic food quickly
Russian President Vladimir Putin has tasked the new Agriculture Minister Aleksandr Tkachyov with strengthening the sector and solving import substitution goal quickly. Western food imports have been banned following the US and EU anti-Russia sanctions.

22.04.2015 10:28

China to invest $46bn in economic corridor with Pakistan - media
Chinese President Xi Jinping has arrived in Pakistan on Monday on his first visit to the country in nearly a decade. He is reportedly going to announce a $46 billion investment in energy and infrastructure.

20.04.2015 07:24

Putin: Russia must use sanctions to achieve new development horizons
Russia’s economy sustained a blow from Western sanctions and remained strong; it should use them to achieve "new development frontiers,” according to President Vladimir Putin.

16.04.2015 15:50

Europe-Asia link megaproject will reshape world economic map, experts tell RT
A new link between Asia and Europe through Russia will create millions of new jobs and slash travel time between the two by three-quarters. It’s expected to change the world economic map and bring Russia-Asia economic ties to a new level.

15.04.2015 09:37

Former White House aide investigated for defrauding foreign investors, promising Green Cards
A former military aide to three different presidential administrations is under federal investigation for allegedly defrauding foreign investors out of nearly $16 million while promising to expedite their acquisition of US Green Cards.

14.04.2015 02:59