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Russia and the global economy

World Bank & IMF ‘corroded’ – Jim Rogers to RT
The world needs alternatives to the US-dominated ‘corroded’ World Bank and the IMF, investment guru Jim Rogers told RT at the International Economic Forum in St. Petersburg. The BRICS countries could compete and replace them, he added.

18.06.2015 13:57

Moscow wants ruble settlements with Beijing on Russian high-speed railway – RZD official
Payments with Chinese partners involved in the Moscow-Kazan high-speed railway would be better in Russian rubles, according to the Vice President of Russian Railways (RZD) Aleksandr Misharin. The cost of the railway link is estimated at $21.4 billion.

18.06.2015 11:00

India to sign free trade deal with Russia-led Eurasian Economic Union
The Eurasian Economic Union (EEU) and India have started negotiations over the free trade zone agreement and signed a framework agreement at the International Economic Forum in St. Petersburg.

18.06.2015 12:06

Russia to construct new gas pipeline to Germany via Baltic Sea – Gazprom
Gazprom is planning to construct two threads of a new gas pipeline with a capacity of 55 billion cubic meters per year. Shell, E.On and OMV have been invited to participate, said the company. This could double direct supplies of Russian gas to Europe.

18.06.2015 11:35

2015 St. Petersburg International Economic Forum
The 19th St. Petersburg International Economic Forum is underway. Despite sanctions, more than 7,000 guests and 1,000 international companies are represented, among them the heads of BP, Royal Dutch Shell and Total. RT will keep you updated.

17.06.2015 14:08

​BRICS starts examining SWIFT alternative
The BRICS members have kicked off consultations on an alternative to the global SWIFT system that processes about 1.8 billion financial messages annually, said Russian Deputy Foreign Minister Sergey Ryabkov.

17.06.2015 08:54

EU agrees to prolong Russia economic sanctions till January 2016 - sources
The EU Council has agreed on a six-month extension of economic sanctions against Russia, according to a TASS source in Brussels.

17.06.2015 12:17

​Russia’s Gazprom and China’s CNPC to exclude dollar from gas settlements
Russia and China expect to use the ruble and yuan in payments for gas supplied using the western Altay pipeline. When it and the eastern Power of Siberia pipeline is open Beijing will become the biggest consumer of Russian gas.

16.06.2015 11:08

Hong Kong-sized plot of Russian land leased to Chinese agrofirm
Chinese corporation Zoje Resources Investment has leased a large plot of land in Russia’s Transbaikal region for agricultural exploitation. The Chinese corporation is expected to invest estimated $450 million into the project over the next 49 years.

16.06.2015 05:19

​Russia cuts US debt holding by more than 40% over year
Russia held US Treasury bills worth $66.5 billion as of April this year, according to the latest monthly report from the US Treasury. That compares with the $116.4 billion held a year ago.

16.06.2015 07:00

Russia cuts key rate to 11.5%, as inflation fears ease
The Central Bank of Russia (CBR) has cut the key interest rate by 100 basis points to 11.5 percent, saying inflation risks have weakened as the economy is cooling. The CBR hopes to reach its target of 4 percent inflation by 2017.

15.06.2015 09:55

​BP and Rosneft to make $700mn deal despite sanctions – FT
Russian oil major Rosneft and BP are close to signing a $700 million deal for BP to acquire a 20 percent stake in the Taas-Yuriakh Siberian oilfield, reports the FT. The deal could be announced this week at the St. Petersburg International Economic Forum.

15.06.2015 07:17