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Russia and the global economy

Putin on Gazprom-China gas deal: Russia has enough resources for 50 years
Russia has more than the estimated 3 trillion cubic metres in natural gas reserves in its gasfields, enough to last for 50 years, Russia’s President has said commenting on the 30-year $400 billion gas deal with China.

23.05.2014 10:17

We’ll do everything to keep reputation of reliable supplier to Europe – Gazprom CEO
Russia will try to do its utmost to keep gas supplies to its European partners stable, Gazprom CEO Aleksey Miller told the International Economic Forum in St. Petersburg.

23.05.2014 07:09

St. Petersburg International Economic Forum LIVE UPDATES
The 18th International Economic Forum in St. Petersburg has kicked off and runs May 22-24. Thousands of business leaders, policy makers, and economic experts have gathered to talk business, leaving politics at the door.

21.05.2014 14:37

Sneak peek: St. Petersburg International Economic Forum
Thousands of businessmen, policymakers, and economic experts will descend upon Russia's northern capital on May 22-24 for the 18th annual investment forum. Less foreigners will attend this year, as CEOs have bowed to political pressure to cancel.

21.05.2014 21:12

Kiev offers to repay Gazprom gas debts ‘in 10 days’ if discount price granted
Ukraine will pay back its staggering debts for Russian gas in just 10 days’ time – but only if Gazprom agrees to bring back the price agreed with ousted President Viktor Yanukovich for 2014, Ukraine’s coup-imposed PM said in his EU address.

20.05.2014 15:50

Ukraine receives first €100mn of ‘exceptional crisis-response’ EU aid
The European Commission issued Ukraine a €100mn loan, the first tranche of aid part of a larger €1.61bn macroeconomic package to help support economic reform focusing on anti-corruption, energy subsidies, financial sector reform, and trade and taxation.

20.05.2014 11:30

Sanctions 'sharp knife' to business in Europe and America – Medvedev
Economic sanctions against Russia will only bring the world closer to another Cold War, which is counterproductive and most of all hurts business in Europe and America, Prime Minister Dmitry Medvedev said in an interview with Bloomberg TV.

20.05.2014 07:58

Russia’s VTB and Bank of China agree on domestic currency settlements
VTB, Russia’s second biggest lender, has signed a deal with Bank of China, which includes an agreement to pay each other in domestic currencies.

20.05.2014 06:56

Russia has no plans for military bases in Latin America – Lavrov
Moscow has no plans of creating military bases in Latin America but might establish some sustainment centers for the Russian Navy there, Foreign Minister Sergey Lavrov told Rossiya TV channel after a trip to four countries in the region.

17.05.2014 09:27

Saving business: Canada chooses not to sanction Russia’s Rosneft, Rostec bosses
Canada has chosen not to impose sanctions against two of Russia’s top officials already targeted by the US – Rosneft’s Sechin and Rostec’s Chemezov. Reports say Ottawa doesn’t want politics to be hurting one of the country’s biggest business projects.

16.05.2014 15:26

Crimea's biggest banks switch to Sberbank payment system
Russia’s National Commercial Bank, Crimea’s biggest lender, has begun issuing cards on the basis of the PRO 100 payment system, developed by Russia’s biggest financial institution, Sberbank.

16.05.2014 10:09

Visa, MasterCard to pay $3bn to stay in Russia - Morgan Stanley
Under Russia's new legislation, Visa and MasterCard will have to pay $3 billion in ‘security fees’ to continue operating in Russia, more than five times higher than the companies combined revenues, a new Morgan Stanley report says.

15.05.2014 13:07

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