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Russia and the global economy

​Sanctions create favorable conditions for Russian industry – trade minister
The sanctions have multiple advantages for Russia, as they motivate companies to turn to domestically produced goods and boost the economy, Russian Industry and Trade Minister Denis Manturov told RT.

23.06.2015 10:32

Russia considers banning chocolate and flowers from EU - food safety watchdog
After Monday’s extension of EU sanctions, Russia wants to prolong and expand its food embargo. This may include flowers and chocolate, said Russian food watchdog spokesman Aleksey Alekseenko in an interview with

23.06.2015 07:34

​Ankara allows engineering survey in Turkish Stream Project area – Gazprom
Gazprom says that it has been given the go-ahead from Ankara to conduct an engineering survey in the marine areas of the Turkish Stream.

22.06.2015 20:45

​Kiev makes $75mn payment on $3bn Russian debt - Russian Finance Ministry
Ukraine has paid $75 million interest on its $3 billion Eurobond debt to Russia, thus avoiding default. The transfer was confirmed by the Russian Finance Ministry.

22.06.2015 10:33

​Expensive oil a curse that hindered Russian economic reforms – Kremlin administration head
High oil prices are not a blessing for Russia, however their current level and the ruble exchange rate are ideal for starting structural reforms, the head of the Presidential Administration Sergey Ivanov said in an interview with the Financial Times.

22.06.2015 07:25

$5.4bn of deals at St Pete Forum show Russia weathering sanctions – organizers
A total of 205 contracts, estimated at $5.4 billion, were signed at the annual St. Petersburg International Economic Forum (SPIEF-2015). These numbers completely refute the idea of Russia’s economic isolation, the Forum’s organizers say.

20.06.2015 11:40

​Putin: €2bn Russia-Greece gas deal will help Athens pay its debt
A deal to jointly build an extension of the Turkish Stream gas pipeline across Greece will help Athens to settle its multibillion euro debt to international creditors, President Vladimir Putin said at the St. Petersburg International Economic Forum.

20.06.2015 10:24

Russia reacts to sanctions with greater openness - Putin
Russia has responded to Western sanctions with greater economic freedom and openness, said President Vladimir Putin. The country’s economy hasn’t seen any deep crisis; on the contrary, it’s confidently getting through all the hardships, he added.

19.06.2015 15:45

Kiev will make payment on $3bn Russian debt on June 22 – finance minister
Kiev will pay $75 million on its $3 billion Eurobond debt to Russia on June 22, Ukraine's Finance Minister Natalia Jaresko has confirmed.

19.06.2015 12:32

EU prolongs economic sanctions against Crimea till June 2016
The European Union has extended economic sanctions against Crimea for another year and said it still doesn't recognize Crimea's reunification with Russia calling it "illegal annexation".

19.06.2015 10:29

BP acquires 20% stake in Russia’s key deposit in Eastern Siberia
Russian oil major Rosneft and BP have signed final documents on joint work at the Taas-Yuryakh oilfield, one of the largest in Eastern Siberia. Under the agreement, BP will pay an estimated $750 million for a 20 percent stake in the oilfield.

19.06.2015 08:28

Russia, Greece sign €2bn deal on Turkish Stream gas pipeline
Russia and Greece have signed a deal to create a joint enterprise for construction of the Turkish Stream pipeline across Greek territory, Russian Energy Minister Aleksandr Novak said. The pipeline will have a capacity of 47 billion cubic meters a year.

19.06.2015 07:42