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Russia and the global economy

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

Russia’s dual-screen Yotaphone 2 starts selling in China
Russian smartphone maker Yota Devices has launched of its flagship, dual-screen YotaPhone 2 in China. The smartphone will be sold in partnership with China Unicom, the carrier with the second-largest subscriber list in the country.

21.05.2015 11:49

Tokyo wants ‘new level’ in relations with Moscow – PM Abe
Japan’s Prime Minister Shinzo Abe said he is ready to improve relations with Russia to a “new level,” adding that development of friendly ties with a major neighbor is a guarantee of stability and prosperity in East Asia in the 21st century.

21.05.2015 08:13

Russia to take legal moves if Ukraine defaults on $3bn debt - finance minister
Russia will appeal to the International Court of Justice if Ukrainian President Petro Poroshenko signs a moratorium on the payment of Ukraine’s external debt into law and fails to pay its debt to Russia, said Russian Finance Minister Anton Siluanov.

20.05.2015 10:57

Gazprom gets another $32mn prepayment from Ukraine for May gas deliveries
Russia’s Gazprom has confirmed its receiving another advance payment of $32 million from Naftogaz of Ukraine for May gas supplies. It’s Ukraine’s third installment this month, and brings the total paid in May to $102 million.

18.05.2015 09:35

Serbia wants to join Turkish Stream – foreign minister
Serbia is interested in joining the Turkish Stream gas pipeline project, as it wants to ensure energy security for its citizens and cut dependence on deliveries via Ukraine, said the Serbian Minister of Foreign Affairs Ivica Dacic.

15.05.2015 12:09

​Poland sues Gazprom seeking lower gas price
PGNiG, Poland’s largest gas distributor, has filed a lawsuit against Gazprom and Gazprom Export in the Stockholm arbitration court, saying it wants conditions similar to the European gas market.

14.05.2015 15:21

Naftogaz makes $30mn prepayment to Gazprom
Ukraine’s Naftogaz has paid Russia’s Gazprom $30 million as a down payment for gas deliveries. The almost bankrupt firm is struggling to repay its $2.5 billion debt to Russia.

14.05.2015 13:28

Russian ruble falls as Central Bank restarts currency buying
The Russian ruble dropped back to above 50 against the US dollar, as the regulator said it will be buying up to $200 million a day from the domestic currency market.

14.05.2015 07:51

​Ukraine begins anti-trust investigation into Gazprom
Ukraine’s antitrust committee has started an investigation into Russian energy giant Gazprom over a possible violation of the Ukrainian competition legislation, said head of the committee Nikolay Barash.

13.05.2015 16:08

Russian ruble hits 18-wk high
The Russian currency continues its recovery against the US dollar on Wednesday, trading at its highest level since the end of November 2014, as oil prices rise and investors see geopolitical risks diminishing.

13.05.2015 08:36

Macedonia unrest: ‘Warning to Skopje against new Turkish pipeline’
Macedonia has become important to the US as it could become the only way for Russia’s proposed Turkish Stream pipeline to reach Central Europe, which Washington does not want, political analyst Srdja Trifkovic told RT.

12.05.2015 09:34