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Russia and the global economy

‘Ruble drop- continuation of global credit crisis’
A global crisis has never ended, most of the Western states have enormous debts which they are not able to pay off, and the current collapse of the Russian currency is just its continuation, Mitch Feierstein, of Glacier Environmental Fund, told RT.

18.12.2014 15:02

Russia crisis leaves banks around the world exposed by the billions
Major banks across Europe, as well as the UK, US, and Japan, are at major risk should the Russian economy default, according to a new study by Capital Economics.

17.12.2014 15:15

'Ruble slide: Speculators moved in as Central Bank was asleep at the wheel'
For the sake of the Russian economy, the Central Bank cannot continue its waiting game strategy for too long hoping that speculators give up before it does, says Mike Ingram, a market strategist at BGC Brokers in London.

16.12.2014 14:25

Russia may ‘automatically’ cut oil output – energy minister
Oil companies in Russia may decide to not invest in projects due to lower prices, which would ‘automatically’ reduce production in the country, says Russian Energy Minister Aleksandr Novak.

16.12.2014 13:42

Russia increased arms sales by 20% in 2013
Russian arms producers increased sales by 20 percent in 2013, which offset a big drop among other industrialized countries such as the US and Canada, says a report from the Stockholm International Peace Research Institute (SIPRI).

15.12.2014 13:33

Energy firms in crisis amid collapsing oil prices, insolvencies treble
Insolvencies among UK oil and gas companies have trebled this year with a further £55 billion worth of future oil projects facing uncertainty, an accountancy firm has warned.

15.12.2014 09:13

‘South Stream cancelation bad news for C. European countries that need cheap energy'
The abolishment of the South Stream gas project will negatively affect countries which need cheap energy, such as Hungary, Anna Van Densky, a political commentator for EU Reporter Magazine, told RT ahead of the Central Europe summit in Prague.

11.12.2014 15:00

Russia can completely do away with foreign food imports 'mid-term' - PM
In a couple of years Russia will be able to substitute 100 percent of “unnecessary” food imports, Russia’s Prime Minister Dmitry Medvedev said during a live TV interview Wednesday.

10.12.2014 08:01

EU hopes to start gas deliveries bypassing Russia by 2019
The first energy supplies to Europe from the Caspian region via the “Southern Gas Corridor” will begin by 2019 says Maros Sefcovic, European Commissioner for Energy Union.

09.12.2014 13:25

Sanctioned Russian banks begin testing national payment system next week
Russia’s Rossiya and SMP banks, which fell under Western sanctions, are among the eight lenders that will start testing the country’s new national payment system on December 15.

08.12.2014 10:41

EU will have to transport Russian gas from Turkey on its own – Gazprom chief
With the end of the South Stream project, Russia will have to adapt to a new market where it will not provide gas delivery to end users, Aleksey Miller, the head of Gazprom said in an interview confirming South Stream will not be resumed.

06.12.2014 11:39

'Russian economy not crashing, but adjusting'
The Russian economy is hurting from sanctions, low oil prices, and geopolitical tension, but predicting its imminent collapse is a fear-mongering tactic, and not entirely true, Russia’s Deputy Finance Minister tells RT.

04.12.2014 15:40