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 Gazeta.ru.
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.
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.
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.
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.
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.
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.