Sanctions against Russia are counterproductive and stability should be restored to provide more investment to the country, Total CEO Christophe de Margerie said during his last speech in Moscow before he died in a plane crash.
Some 19 British firms are at the center of an investigation into in a mammoth global money-laundering operation. The scheme was allegedly contrived to make $20bn (£12.5bn) worth of ill-gotten gains appear legitimate.
Economies across the European Union will lose about €40 billion this year, with the damage estimated to widen to €50 billion in 2015, Russia’s Foreign Minister Sergey Lavrov said, citing figures from the EU itself.
Russia has nothing against other CIS member states building closer ties with Europe, the only thing it insists on is that its allies properly discuss the possible economic risks to the Russian economy, President Putin said at the summit in Minsk.
The Russian ruble has lost more than 20 percent against the US dollar since the beginning of the year, but what does that really mean, for Russia, its people, and economy? RT talks to Ben Aris, Editor-in-Chief of Business New Europe, to find out.
The US Treasury Department has taken a bank off its “naughty” list, Turkey’s DenizBank, a subsidiary of Sberbank. Russia’s largest bank was placed under sanctions in September, and now DenizBank is no longer blocked from American capital markets.
Naftogaz, Ukraine’s biggest natural gas company, has signed a deal with Norway’s Statoil and started receiving shipments, arriving just in time to possibly save Kiev from an energy crisis before winter. Experts in Moscow doubt the legality.
Poland, Hungary, and Slovakia have together re-exported 1.7 billion cubic meters of Russian gas to Ukraine, Gazprom, Russia’s biggest gas exporter said Friday, questioning the legality of the practice.