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Russia and the global economy

​Russia prepared for ‘catastrophic’ drop in energy prices – Putin
Russia has enough reserves to withstand the turmoil in energy markets and is ready to fulfill all social commitments to sustain the budget and economy, said Russian President Vladimir Putin.

14.11.2014 09:17

Russia’s dual-screen YotaPhone eyes China expansion
Russian mobile phone producer Yota Devices has plans to expand to China as soon as the first quarter of 2015, with its notable dual-screen gadget YotaPhone 2.

14.11.2014 04:45

Intl producers risk losing Russian market over sanctions- Medvedev
Once sanctions are lifted it may be too late for Western producers to return to the Russian market. By then everything will be replaced by domestically made products, or food and goods imported from other countries, said Russian PM Dmitry Medvedev.

13.11.2014 09:49

Switzerland confirms latest EU sanctions against Russia
Switzerland has stepped up restrictions against Russia and signed up to the latest package of EU sanctions against the country’s largest banks and major oil companies.

13.11.2014 07:37

​Russia appeals $50bn Yukos verdict
Russia is appealing the $50 billion Yukos verdict, on the grounds that the case did not come within the mandate of the Arbitration Court in The Hague.

12.11.2014 10:15

Russia to launch alternative to SWIFT bank transaction system in spring 2015
Russia intends to have its own international inter-bank system up and running by May 2015. The Central of Russia says it needs to speed up preparations for its version of SWIFT in case of possible ”challenges” from the West.

11.11.2014 14:30

Asian vector of Russian policy
The Asia-Pacific region is one of the strategic priorities in Russian foreign policy. As President Vladimir Putin stated at the APEC summit in Beijing, Russia is planning to expand its cooperation with Asian countries in many spheres.

11.11.2014 13:19

Russia remains key strategic partner for Total - new CEO
Russia remains a key strategic choice for French oil giant Total, the new CEO Patrick Pouyanne, has confirmed.

10.11.2014 11:12

China’s 5G fighter to fly Russian jet engines
An exportable Chinese fifth-generation fighter jet will be equipped with gas-turbine jet engines developed and assembled by Russian companies, confirmed the head of Russian delegation at the Airshow China exhibition.

10.11.2014 08:21

​Russia's second biggest bank VTB may leave London Stock Exchange
VTB Bank may quit the London Stock Exchange (LSE), and is currently in talks to get more loans from Asia, CEO Andrei Kostin has said.

10.11.2014 10:59

Ruble-yuan settlements will cut energy sales in US dollars – Putin
Doing away with the US dollar and switching to ruble and yuan payments will significantly increase Russia and China’s say in energy and financial markets, Vladimir Putin has said, adding that the first deals are already underway.

10.11.2014 08:43

Putin: Ruble’s ‘speculative jumps’ to stop in near future
The sharp depreciation of the Russian currency is purely speculative and has nothing to do with fundamental economic factors, Russian President Vladimir Putin said at the APEC summit in Beijing.

10.11.2014 07:25