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Russia and the global economy

Russia could ditch US dollar in 2-3 years – head of Russia's #2 bank
​Two to three years would be enough time for Russia to switch to international settlements to the ruble, Andrey Kostin, head of Russia’s second-biggest bank VTB, said.

30.09.2014 10:27

Kiev’s claims over legality of $3bn bailout ‘baseless’ – VTB
VTB, Russia's second-largest bank, has responded to Ukraine’s doubt as to the legality of the bank’s role in a $3 billion bond purchase last December to help Kiev’s ailing economy. Such claims are "baseless" the bank said in a statement on Friday.

26.09.2014 12:20

Re-export of Russian gas unacceptable - Energy Minister
Gazprom’s contracts with its European customers do not allow them to re-export gas to a third party, Russia’s Energy Minister Aleksandr Novak reiterated in an interview with German business newspaper Handelsblatt published Friday.

26.09.2014 10:22

Russian MPs ratify Eurasian Economic Union agreement
Russia’s Duma has ratified an agreement on the Eurasian Economic Union, which will create the largest common market in the ex-Soviet sphere and provide for the free movement of goods, services, capital and labor between Russia, Belarus and Kazakhstan.

26.09.2014 08:49

Polish miners call off Russian coal blockade after Warsaw pledges industry support
Coalminers blocking “cheap” Russian coal at the Poland-Russia border have reportedly reached a deal with the government in Warsaw to consider new coal trade laws that will better protect the country’s coal industry.

25.09.2014 08:21

Japan targets Russia's biggest banks, arms exports in new sanctions
Japan has limited operations with five Russian banks including top lenders Sberbank and VTB, and arms exporters over Moscow’s involvement in the Ukraine crisis, according to Chief Cabinet Secretary Yoshihide Suga.

24.09.2014 08:08

Mechel shares plummet, as bankruptcy fears mount
Shares of Russian metals and mining group Mechel have dropped more than 30 percent on Tuesday, as investors fear the company won’t be able to manage its $8.7 billion debt.

23.09.2014 10:17

ExxonMobil isn’t leaving Russian Arctic - Rosneft
ExxonMobil still plans to participate in the construction of a liquefied natural gas (LNG) terminal in Russia’s Far East, according to Rosneft Vice President Vlada Rusakova.

23.09.2014 09:10

Gazprom says sanctions won’t sabotage operations
Western sanctions will not hurt Russia’s Gazprom, since the company only imports 10 percent of its technology and equipment from abroad, Deputy Chairman Aleksandr Medvedev told reporters on Tuesday.

23.09.2014 07:57

Russian sanctions ‘de facto against European business’ – Alstom chief
Russia has become a strategic market for thousands of European companies, and sanctions put EU business at risk, Philippe Pegorier, President of Alstom Russia , told RT at a Sochi Investment Forum.

22.09.2014 13:52

Na zdorovye, Pabst! Russian brewing company buys iconic American beer label
Almost in the same All-American league as baseball, hot dogs, apple pie and Chevrolet, Pabst Blue Ribbon beer will now be in the hands of a Russian brewer.

20.09.2014 12:16

PM Medvedev authorizes import duties on Ukrainian products
Russian Prime Minister Dmitry Medvedev has signed a decree allowing Russia to cancel duty-free trade of Ukrainian food products and manufactured goods if Kiev enters the EU trade zone before 2016.

19.09.2014 10:04