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Russia and the global economy

​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

​Chinese banks to invest over $10bn in Siberian LNG project
Russia's largest independent natural gas producer Novatek is in talks with Chinese banks to get over $10 billion for its Yamal liquid natural gas (LNG) project, according to the company’s key owner Gennady Timchenko.

07.11.2014 15:12

Charity cheese: Denmark company donates 15 tons to homeless in face of Russia ban
Danish cheese company Arla has opted to donate 15 tons of cheese to homeless people in Denmark after sanctions prevented the usual exports to Russia.

07.11.2014 11:58

OPEC ‘not panicking’, will intervene should oil drop to $70
OPEC says the oil price will start rising in the second half of 2015 and will reach $177 per barrel within the next 25 years.

07.11.2014 08:11

​Oil at $90 will support Russian ruble – Deutsche Bank
A recovery in oil prices to $90-$100 per barrel would be an important support for the Russian ruble, which has lost about 39 percent against the dollar since the start of the year, says Yaroslav Lissovolik, Managing Director of Deutsche Bank Russia.

07.11.2014 13:32