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Russia and the global economy

​'Davos people – source of economic problems, not a solution'
The Davos meeting is not looking for world crisis solutions but plotting more controls, ‘banksterism’ and power elite benefits, says economic journalist Lew Rockwell. They are going to tax and rip off their own people to even greater extent, he added.

20.01.2015 11:11

Schlumberger buys $1.7bn stake in Russia’s biggest driller
Despite sanctions, Schlumberger Ltd, the world’s largest oilfield services company, will acquire a 45.65 percent stake in the Russian Eurasia Drilling Company for approximately $1.7 billion.

20.01.2015 09:53

Chinese and West to 'invest heavily' in Russia, despite challenges – Gaidar Forum
The risky Russian market is driving out many, but the investors ready to tough it out believe they’ll reap big benefits, as the downturn is cyclical. RT spoke with several participants at this year's Gaidar Forum, one of Russia's big economic conferences.

15.01.2015 15:02

​Russia needs sharper action to avoid ‘junk’ downgrade – former finance minister
The Russian government and Central Bank of Russia (CBR) should take more concrete measures to avoid another debt downgrade by international rating agencies, which risks dragging the country into ‘junk’ status, says former finance minister Aleksey Kudrin.

14.01.2015 14:17

​Russian politicians and bankers think oil will reach $60-$80 in 2015
An average oil price in 2015 will probably be in the range of $60 to $80 a barrel, say leading Russian politicians and bankers talking at the Gaidar Economic Forum in Moscow.

14.01.2015 09:35

Low oil prices create ‘window of opportunity’ for China and India - World Bank
Oil importing countries like China, India, Brazil, Turkey, Indonesia and South Africa will be the big winners as oil prices continue to weaken in 2015, the World Bank says in a report.

13.01.2015 15:04

Armenians in Russia get equal labor rights after joining Moscow-led economic block
Armenian citizens working in Russia are to be given equal labor rights and social security as Russians following Armenia becoming a full member of the Eurasian Economic Union (EEU) earlier this month, the Russian government has said.

13.01.2015 11:50

​Fitch downgrades Russia’s credit rating to 1 notch above junk level
The international ratings agency has knocked Russia’s credit rating down a peg, while warning that ‘growth may not return until 2017,’ as the national economy struggles amid sanctions and tumbling oil prices.

10.01.2015 09:07

‘France wants to mend ties with Russia, asking for ‘progress’ on Ukraine to save face’
France intends to take a lead in de-escalating the confrontation with Russia as a face-saving measure while the EU is facing big economic challenges, John Laughland, Director of studies at the Institute of Democracy and Cooperation in Paris, told RT.

05.01.2015 16:09

​Gazprom becomes 100% owner of abandoned South Stream gas pipeline
Gazprom has bought out the shares of South Stream Transport BV, a company that was in charge of the construction of the cancelled gas pipeline marine section.

30.12.2014 07:20

​Ditching US dollar: China, Russia launch financial tools in local currencies
China and Russia have effectively switched to domestic currencies in trading using financial tools as swaps and forwards, as they seek to reduce the influence of the US dollar and foreign exchange risks.

29.12.2014 09:11

​Ruble recovers, as big exporters ordered to behave
The ruble has seen a full week of recovery after its drastic 20 percent drop on December 16 dubbed as ‘Black Tuesaday.’ This was triggered by the call from the Russian government for businessmen to sell currency earnings.

26.12.2014 13:27