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Russia and the global economy

UK gas prices plunge to record low after Russia-Ukraine deal, 2mn Brits remain in fuel poverty
UK gas prices plunged to a record low on Friday following a newly signed deal between Russia, Ukraine and the European Commission. However, fuel poverty remains rife in Britain, with 2 million households unable to afford adequate heating.

31.10.2014 09:16

India and Israel to supply meat and dairy to Russia
Four Indian food suppliers have been given access to Russian markets, and Israeli meat and dairy products are expected on Russian shelves as early as in the end of 2014.

28.10.2014 10:13

Russia growth up to 1.1% in September from zero
Russia’s GDP growth accelerated to 1.1 percent last month which marked an economic revival from the flat growth last year, the Ministry of Economic Development has said.

27.10.2014 14:43

Russian central bank to use new $50bn tool to revive ruble
Russia's Central Bank has launched a new financial tool known as currency repo, or repurchase agreement, that'll provide up to $50 billion by the end of 2016. It is expected to support the Russian ruble that has lost more than 20 percent since January.

27.10.2014 12:02

‘EU in court!’ Biggest Russian lender Sberbank launches sanctions appeal
Sberbank is taking the European Commission to court in an effort to lift the Western sanctions imposed in August, the bank’s press service announced on Friday.

24.10.2014 06:46

Russia starts first-ever gas trading in St. Petersburg
Russia, the world’s second-largest producer of natural gas, has launched its first auction of natural gas on Friday at the St. Petersburg International Mercantile Exchange (SPIMEX). It will be Europe’s largest natural gas trading post.

24.10.2014 06:01

Russia says oil at $90 to $110 is ‘fair price’
The 'fair' and most comfortable oil price for world economies would range between $90 and $110 per barrel, with any fluctuations from that involving certain risks for the industry, Russia's Energy Minister Aleksandr Novak said.

23.10.2014 10:56

Russia against new gas ‘loans’ for Ukraine - Energy Minister
Russia is refusing to agree to payment options proposed by the EU, calling them a hidden form of credit. Kiev has less than a week to find the money for Russian gas, ahead of the next round of negotiations on October 29.

23.10.2014 08:24

Good fundamentals make ruble ‘stable’ currency - Russian Central Bank
Russia’s currency has taken a significant 20 percent plunge this year against the dollar and euro, but analysts are confident that Russia’s sturdy stash of foreign reserves and miniscule external debt make the ruble one of the ‘most stable’ currencies.

22.10.2014 14:42

New Total head Patrick Pouyanne expected to keep Russian projects
Total has named a new chief executive at an emergency meeting Wednesday after Christophe de Margerie died in a plane crash in Moscow. The company is expected to carry on with its projects in Russia.

22.10.2014 14:38

Russia says Moody’s downgrades won’t hit economy
Economists in Russia say Moody’s rating cuts were largely expected and won’t have a dramatic effect on the economy, as its solvency remains strong and the debt to GDP ratio is many times lower than in most of the other major world economies.

22.10.2014 11:14

An oil maverick with a mustache: Business legacy of Christophe de Margerie in Russia
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.

21.10.2014 08:35

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