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Russia and the global economy

Italian ex-FM: Sanctions affecting EU much more than expected, not impacting US at all
Italian politician Franco Frattini has hit out at sanctions implemented against Russia, saying they are counterproductive. He also says Russian loans to Ukraine are much bigger than the amount of money the EU is prepared to offer Kiev.

27.11.2014 19:13

Oil industry battle: ‘New fracking technologies VS traditional extraction methods’
OPEC is not a monolithic organization and it fails to agree on common policy, so it’s unlikely that the upcoming Vienna meeting will become a deciding factor on oil prices, Adrian Salbuchi, International consultant, told RT.

26.11.2014 08:11

US pressing Chinese and Arab banks to sanction Russia – head of VTB bank
The US is putting pressure on Chinese and Arab banks, forbidding them to work with Russian sanctioned companies, says Andrey Kostin, head of Russia's second biggest lender VTB.

26.11.2014 12:56

​EU should accept gas transit risks, if it rejects South Stream – Russian Economy Minister
If European countries don’t want to eliminate gas supply problems by building the South Stream pipeline, they should take responsibility for the possible transit risks, said Russian Minister of Economic Development Aleksey Ulyukayev.

26.11.2014 11:08

European gas stocks enough to survive without Russian supplies for a year – OECD
Most European countries have enough stocks to cover for “lost” gas from Russia should there be a major disruption. Hardest hit would be Slovakia, Austria, and Turkey as they rely on Russia for at least 15 percent of their energy needs, OECD experts say.

25.11.2014 15:11

​South Stream of ‘national importance to Serbia’ – ambassador
South Stream is an essential gas project and will guarantee energy stability in Southeast and Central Europe, according to the Serbian Ambassador to Russia Slavenko Terzic.

25.11.2014 11:28

​‘BRICS system’ – healthy alternative to ‘defunct dollar system’
The BRICS Bank marks a major step to de-dollarization, and a new monetary system. It should replace the Western-dominated “predatory casino scheme” that has contributed to world wars and “economic terrorism,” says former World Bank economist Peter Koenig.

24.11.2014 13:37

​Russia loses $140bn with sanctions and falling oil prices – Finance Minister
Russia is losing around $40 billion a year due to Western sanctions, but they are not as critical to the economy as lower oil prices, which add $90-100 billion in losses, says Russian Finance Minister Anton Siluanov.

24.11.2014 09:12

​Market manipulation of oil prices backfires on those that start it - Putin
The modern world is interdependent and there is no guarantee that sanctions, a sharp fall in oil prices, or the depreciation of the ruble won’t backfire on those who provoked them, says Russian President Vladimir Putin.

24.11.2014 08:04

​Russia-China trading settlements in yuan increases 800%
Settlements in yuan between China and Russia have increased ninefold in annual terms between January and September 2014, says the Chinese Ministry of Economic Development.

21.11.2014 13:57

Russian ruble continues recovery, as oil back to $80
The Russian ruble continued its fight back on Friday to move above 46 against the US dollar, as the price of Brent crude slid over the $80 per barrel threshold.

21.11.2014 12:25

​Russian hydro power generator to sell troubled Far East asset to Asian buyer
Russia’s largest hydroelectric company RusHydro says it is looking for an Asian buyer for its share of a loss-making energy distribution business in the Far East. Media reports say Chinese company Sanxia is a likely candidate.

21.11.2014 07:11