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Russia and the global economy

‘No significant shale oil production in Britain for 20yrs’ – BP
Oil giant BP says significant shale gas production in Britain and Europe over the next 20 years is unlikely. In a damning forecast, the energy firm said fracking will gain little traction outside America before 2035.

18.02.2015 15:47

Canada adds Russia’s Rosneft, Rostec CEO to sanctions list
Canada has added Russia’s largest oil producer Rosneft, and the CEO of Rostec, to a sanctions blacklist along with 37 Ukrainians and 17 Russian and Ukrainian organizations. They are all covered by economic sanctions and travel bans.

18.02.2015 08:50

Russia, China to boost finance, aviation & space partnerships
China and Russia plan to extend their strategic partnership in finance, aviation and space as well as improve trade and economic cooperation, said Chinese Vice Foreign Minister Cheng Guoping.

17.02.2015 10:18

​Gazprom to substitute engineering supplies from pro-sanctions countries
Gazprom, Russia’s largest gas company plans to expand the program of import substitution by no longer buying metal and engineering products from more than 400 foreign firms, which could mean $2.5 billion in lost orders from Russia.

17.02.2015 07:24

Hungarian rhapsody: Will Putin’s visit to Viktor Orban give Russia a way into Europe?
Vladimir Putin has chosen Hungary for his first state visit to an EU state since the beginning of the Ukrainian crisis a year ago. Energy issues are expected to top the agenda, yet the Russian leader usually has an ace up his sleeve.

16.02.2015 05:58

German coal imports from Russia highest since 2006
Germany imported more than 12 million tons of coal from Russia in 2014 - the biggest volume in 9 years, despite calls for energy independence and a switch to renewables.

13.02.2015 14:17

​Russian gas to Europe can be 35% cheaper – ministry
The average price of Russian gas supplied abroad will be $222 per 1,000 cubic meters in 2015. It could mean a 35 percent price cut for Gazprom supplied gas to Europe, the Russian Ministry of Economic Development has forecast.

13.02.2015 12:45

Russia’s crisis ‘short-term’ – head of China’s leading rating agency
The economy of Russia is self-sufficient and sanctions won’t kill it, Guan Jianzhong Chairman of Dagong Global Credit told RT. Unlike most Western economies that are suffering from a debt “bubble,” Russia’s problems are caused by “outside hits.”

12.02.2015 07:37

Amsterdam court says Yukos International has legitimate compensation claim against Rosneft
The district court in Amsterdam has ruled the compensation claim by Yukos International, once part of Russia’s biggest oil company, is legitimate. The firm is asking Rosneft for $333 million to cover losses incurred by the arrest of its accounts in 2008.

11.02.2015 11:51

Russian dual-screen YotaPhone to debut in China
The Russian maker of the dual-screen Yota smartphone has signed a deal with a major Chinese electronics distributor to sell its latest YotaPhone 2 model across China this quarter.

11.02.2015 10:05

Lukoil begins proceedings over failed $1.2bn deal with China’s Sinopec
Russia’s biggest independent oil producer Lukoil has lodged arbitration in London against China’s Sinopec. The Chinese company backed out of a $1.2 billion deal to buy 50 percent of Caspian Investment Resources which has oil and gas assets in Kazakhstan.

10.02.2015 15:03

​Oil crisis caused by OPEC countries – Rosneft head
The Middle East countries of OPEC destabilized the global oil market by pursuing their personal interests and are mindless to other members of the cartel, says Igor Sechin, the head of Russian oil major Rosneft.

10.02.2015 12:43