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Russia and the global economy

​Russia loses $140bn with sanctions and falling oil prices – Finance Minister
Russia is losing around $40 billion a year due to Western sanctions, but they are not as critical to the economy as lower oil prices, which add $90-100 billion in losses, says Russian Finance Minister Anton Siluanov.

24.11.2014 09:12

​Market manipulation of oil prices backfire on those that start it - Putin
The modern world is interdependent and there is no guarantee that sanctions, a sharp fall in oil prices, or the depreciation of the ruble won’t backfire on those who provoked it, says Russian President Vladimir Putin.

24.11.2014 08:04

​Russia-China trading settlements in yuan increases 800%
Settlements in yuan between China and Russia have increased ninefold in annual terms between January and September 2014, says the Chinese Ministry of Economic Development.

21.11.2014 13:57

Russian ruble continues recovery, as oil back to $80
The Russian ruble continued its fight back on Friday to move above 46 against the US dollar, as the price of Brent crude slid over the $80 per barrel threshold.

21.11.2014 12:25

​Russian hydro power generator to sell troubled Far East asset to Asian buyer
Russia’s largest hydroelectric company RusHydro says it is looking for an Asian buyer for its share of a loss-making energy distribution business in the Far East. Media reports say Chinese company Sanxia is a likely candidate.

21.11.2014 07:11

‘Global economy will benefit from oil price decline’
If OPEC fails to take a unified approach on stabilizing oil prices the global economy will be the biggest winner because oil prices will continue to fall, Fred Beach, of the University of Texas at Austin, told RT.

20.11.2014 12:16

Hungary to start South Stream construction in 2015 despite Western pressure
Hungary plans to break ground next year on its stretch of the South Stream pipeline to send natural gas from Russia to Europe. It is in defiance of EU and US calls to halt the project over frosty relations with Moscow.

19.11.2014 14:49

​Economic contraction, oil price fall won’t be as severe as 2008-2009 – Finance Minister
The current economic situation in Russia can’t be compared to the time before the global economic crisis in 2008, when Russia’s GDP contracted 7.8 percent, says Russia’s Finance Minister Anton Siluanov.

19.11.2014 12:58

​Canadian meat exporters want Russian food embargo lifted soon
Pork producers in Canada are ready to supply Russia with meat as soon as Moscow decides to lift its food embargo, says Guy Beaudry, Vice-President of HyLife Canada’s biggest pork supplier.

19.11.2014 08:27

Russian ruble recovering against US dollar as oil heads back to $80
The Russian currency started to bounce back in Tuesday trading, as oil prices edged closer to $80 per barrel, an important benchmark that was crossed last week.

18.11.2014 08:58

‘Sanctions politically useless both for Russia and Europe’
The history of sanctions shows that they are useless and harm the economy, so there is no reason to put them on Russia and the other way around, Marcus Pretzell, a German MEP from the Alternative for Germany party, told RT.

17.11.2014 16:02

​Russian ruble ‘has potential for strengthening’ despite low oil prices – Central Bank head
Although the ruble is going through hard times, it has the potential to strengthen, provided there are no new external shocks, Elvira Nabiullina, head of the Russian Central Bank has said.

15.11.2014 11:43