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Russia and the global economy

BRICS establish $100bn bank and currency pool to cut out Western dominance
The group of emerging economies signed the long-anticipated document to create the $100 bn BRICS Development Bank and a reserve currency pool worth over another $100 bn. Both will counter the influence of Western-based lending institutions and the dollar.

15.07.2014 17:24

‘Building a BRICS wall’
President Putin’s visit to Latin America is of transcendental importance at a time when the BRICS bloc is becoming something far more than a mere trade agreement, and where Russia is playing a key global geopolitical role.

July 15, 2014 17:29

Russia pushes for BRICS energy association
Russia is to urge its BRICS counterparts to set up an energy association that will include a fuel reserve, as well as the institute for energy policy, according to Russian presidential aide Yuri Ushakov.

10.07.2014 10:00

Russia, Serbia agree €2.1bn South Stream construction deal
Serbia has signed a 2.1 billion euro contract with Gazprom subsidiary Centrgaz to construct the South Stream pipeline across its territory. There is increasing pressure from the EU to suspend the project because it claims it breaks competition law.

08.07.2014 07:27

Russia may legalize bitcoin – Bank of Russia deputy chairman
The Bank of Russia has signaled it is ready to legalize the world’s first mainstream cryptocurrency, despite the big risks and setbacks the digital money has experienced. The Bank’s recognition means it can better regulate it, and even collect tax.

03.07.2014 05:26

Belarus and Kazakhstan refuse to accept Russian trade cuts on Ukraine
If Russia wants to raise tariffs on Ukrainian imports or even ban products completely, it first needs the support of its Customs Union partners. If it doesn’t get it, it may act alone, says Deputy Prime Minister Igor Shuvalov.

30.06.2014 14:20

Putin allows Russian banks to share tax data with US
Russian President Vladimir Putin has signed a law allowing Russian banks to share the tax data of American clients with US tax authorities, but participation isn't obligatory.

30.06.2014 12:29

5 facts you need to know about Ukraine-EU trade deal
Ukraine has signed the European Trade Association Agreement, the document that sent the country into a political frenzy when not signed eight months ago to this day. RT gives you the basics on how this will affect the economy of both from here on out.

27.06.2014 09:48

Russia launches largest oil drilling platform in the country's Far East
Russia's Rosneft and America's ExxonMobil have launched a unique drilling platform in the Okhotsk Sea in Russia's Far East. The world's most powerful rig can drill within the radius of at least 7 kilometers.

27.06.2014 12:17

Ukraine and EU sign free trade zone deal
Ukraine has signed the economic part of the Association Agreement with the EU, with Georgia and Moldova also joining the pact, even though big economic risks lie ahead.

27.06.2014 08:00

Ukraine asks for ‘big gas reverse’ from Slovakia
Ukraine Energy Minister Yury Prodan says the EU has been asked to start pumping 30 billion cubic meters of gas using reverse flow from Slovakia. Russia has cut supplies to Ukraine until it pays its gas bill; meanwhile Kiev is seeing alternate supplies.

25.06.2014 14:15

Ukraine's funeral if they sign EU trade deal - Putin economic aide
“For Ukraine, signing the agreement is economic suicide,” Sergey Glazyev, an economic aide to Russian President Putin said, warning of a sharp currency devaluation, soaring inflation, and lower living standards.

25.06.2014 10:30

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