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Russia and the global economy

Sanctions against Russia are ‘economic weapon’ that targets French business
French and Russian business leaders say the economy and policy must be separated, as Western sanctions against Russia are causing French companies to suffer by losing market share.

26.03.2015 14:17

​PM promises 'tax secrecy' for legalized capital
Russian Prime Minister Dmitry Medvedev has promised to provide government protection and ‘tax secrecy’ for those who decide to legalize their income and property as part of the law on capital amnesty.

26.03.2015 11:47

Kremlin discusses Arctic access for private Russian oil firms
The economic crisis and Western sanctions have complicated Arctic exploration by state-owned Rosneft and Gazprom, bringing the issue back onto the government agenda.

26.03.2015 07:14

‘Ruble unstable for artificial reasons’
The US has created a belief that money would leave Russia, but money doesn’t flow out of countries that have extremely low debt and strong export earnings, Paul Craig Roberts, former US Assistant Secretary of the Treasury, told RT.

23.03.2015 11:01

​Total to raise $15 billion in China for Russian projects
French oil and gas producer Total is looking for $15 billion in investment from China to pay for expansion in Russia, the company’s CEO Patrick Pouyanne said. This could be the largest private corporate deal involving Chinese banks.

23.03.2015 11:09

Russian economy revives despite sanctions - media
The Russian economy has seen a notable rebound with businesses recovering despite a year of contraction caused by Western sanctions. Fluctuations in the domestic currency have narrowed, which brought investors back into the market.

23.03.2015 07:31

​Russian govt approves eastern route for gas supplies to China
The Russian government has approved a bill on gas supplies to China via the Power of Siberia pipeline. It will be delivering the estimated 38 billion cubic meters of gas annually as a part of a $400 billion deal.

20.03.2015 09:54

Putin proposes currency union with Belarus, Kazakhstan
It’s time to think about the prospects of creating a currency union between Russia, Belarus and Kazakhstan, President Vladimir Putin has said.

20.03.2015 10:37

Naftogaz makes $15mn advance payment - Gazprom
Naftogaz, Ukraine's state gas company, has sent another $15 million installment to Gazprom for March supplies, which follows the same prepayment made on March 17, Gazprom said.

20.03.2015 09:25

Russia extends ‘cash for clunkers’ campaign in 2015
Russian Prime Minister Dmitry Medvedev has extended ‘cash for clunkers’ car disposal program that provides discount for new vehicles through 2015 with an extra $80 million, as he says it has significantly helped domestic car makers.

19.03.2015 14:30

​Global carmakers suspend supplying Russia on ruble slide
The biggest US vehicle maker General Motors and the fourth largest South Korean automaker SsangYong are to suspend deliveries to Russia, saying they are “changing the business model” in the country to adjust to the falling ruble.

19.03.2015 09:43

Moscow and Ankara agree 10.25% gas discount for Turkey
Russia’s Gazprom and Turkish pipeline company Botas have agreed a 10.25 percent discount on Russian gas supplied to Turkey, said Turkish Minister of Energy and Natural Resources Taner Yildiz.

18.03.2015 14:36