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Russia and the global economy

Visa to pay $60mn guarantee as it misses Russian data deadline
The Visa international payment system will be forced to pay a guarantee fee estimated at $60 million for the first quarter of 2015, as it will be unable to transfer Russian domestic processing into the national system of payment cards (NSPC) by April 1.

31.03.2015 07:54

Key economic forums in Russia and Asia agree to cooperate
Russia’s annual International Economic Forum held in St. Petersburg agreed to work together with Boao Forum for Asia, which is expected to create new investment opportunities across Russia, China and other Asia-Pacific states.

30.03.2015 15:02

Gazprom asks govt to extend Ukraine’s gas discount for 3 months
Russian gas monopoly Gazprom has asked the government to consider extending its discount on gas supplied to Ukraine for three more months, said the head of the company Aleksey Miller.

30.03.2015 12:30

​Ukraine’s Naftogaz suggests Gazprom extend ‘winter gas package’
Ukraine’s Naftogaz has written to Gazprom suggesting extending the terms of the ‘winter package’ deal until the fall–winter period of 2015. There will be a trilateral meeting of Russia, Ukraine and the European Union in mid-April over the gas dispute.

30.03.2015 07:41

​Russia leads Europe in internet users – Putin
Russia has the highest number of internet users in Europe and e-commerce makes up about 10 percent of the country’s GDP, said President Vladimir Putin at a meeting with Russian internet startups.

27.03.2015 13:40

Ukraines's $3bn debt to Russia puts multibillion dollar IMF package at risk
Ukraine’s $3 billion debt to Russia could undermine the IMF’s four-year multibillion dollar bailout program. If the debt is considered official, it will breach the terms of providing financial assistance, said IMF spokesperson William Murray.

27.03.2015 06:54

Sanctions against Russia are ‘economic weapon’ that targets French business
French and Russian business leaders say the economy and policy must be separated, as Western sanctions against Russia are causing French companies to suffer by losing market share.

26.03.2015 14:17

​PM promises 'tax secrecy' for legalized capital
Russian Prime Minister Dmitry Medvedev has promised to provide government protection and ‘tax secrecy’ for those who decide to legalize their income and property as part of the law on capital amnesty.

26.03.2015 11:47

Kremlin discusses Arctic access for private Russian oil firms
The economic crisis and Western sanctions have complicated Arctic exploration by state-owned Rosneft and Gazprom, bringing the issue back onto the government agenda.

26.03.2015 07:14

‘Ruble unstable for artificial reasons’
The US has created a belief that money would leave Russia, but money doesn’t flow out of countries that have extremely low debt and strong export earnings, Paul Craig Roberts, former US Assistant Secretary of the Treasury, told RT.

23.03.2015 11:01

​Total to raise $15 billion in China for Russian projects
French oil and gas producer Total is looking for $15 billion in investment from China to pay for expansion in Russia, the company’s CEO Patrick Pouyanne said. This could be the largest private corporate deal involving Chinese banks.

23.03.2015 11:09

Russian economy revives despite sanctions - media
The Russian economy has seen a notable rebound with businesses recovering despite a year of contraction caused by Western sanctions. Fluctuations in the domestic currency have narrowed, which brought investors back into the market.

23.03.2015 07:31