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Russia and the global economy

‘OPEC story is not over’
Despite OPEC losing its influence, which might not be recoverable, people are still highly dependent on traditional fossil fuel which means the organization will still be important in the future, economist Max Fraad Wolff told RT.

12.03.2015 10:40

​Ukraine – EU Association Agreement should consider Russian interests – Spanish FM
Russian interests should be considered in the association agreement between the European Union and Ukraine, said Spanish Foreign Minister Jose Garcia-Margallo, adding that the essential strategic partnership between Russia and the EU should be restored.

10.03.2015 13:23

Russia’s reserves, swift govt action underpin investment grade - Fitch
The Fitch rating agency remains relatively optimistic about the Russian economy, saying $360 billion reserves and prompt state action support the country’s investment grade status. However, Russia’s rating could be revised in April, it added.

10.03.2015 10:37

Putin signs law on ratification of $100 billion BRICS New Development Bank deal
Russian President Vladimir Putin has signed a law ratifying the deal establishing the BRICS New Development Bank (NDB), according to a document published on Monday on Russia's official website for legal information.

09.03.2015 12:56

Ukraine makes $15mn advance payment to last through mid-March
Gazprom has received another $15 million as prepayment from Ukraine for Russian gas, bringing the total prepaid volume to 63.3 million cubic meters, says Gazprom spokesperson Sergey Kupriyanov.

06.03.2015 12:41

​US freezes $640mn in sanctioned Russian bank assets
The US has frozen accounts of Russian banks SMP, Rossiya and its subsidiary Sobinbank worth in total $640 million, as part of America’s escalating sanctions war against Russia over its policy in Ukraine.

06.03.2015 07:37

Ruble strengthens to 10-week high on firmer oil, ECB €1.14trn stimulus
The Russian ruble has clawed its way to around 65.1 against the euro, its strongest since December 26, ahead of the ECB €1.14 trillion stimulus. It’s up against the US dollar at about 59 with Brent above $60/bbl and a more stable Russian financial market.

06.03.2015 08:33

Russia’s 19th St. Petersburg Economic Forum to focus on anti-crisis plan
New global challenges, such as plunging oil prices and slowing world economies, the emerging economic blocks, as well as Russia’s anti-crisis plan, will be center stage at the 19th Economic Forum in St. Petersburg scheduled for this June.

05.03.2015 16:24

Gazprom says Ukraine paid another $15mn, enough for 5 days gas
Naftogaz has paid for 45.6 million cubic meters of gas which is enough to cover consumption for 5 days, according to Gazprom spokesperson Sergey Kupriyanov.

05.03.2015 09:40

Ukraine ready to make ‘small’ prepayment to Gazprom by March 6 – energy minister
Naftogaz of Ukraine is ready to transfer another ‘small’ portion of its March prepayment to Gazprom by the end of this week, Ukrainian Energy Minister Vladimir Demchishin has said.

04.03.2015 14:20

‘Britain awash with dirty money,’ says anti-corruption think tank
Criminals, tax evaders, human traffickers and drug dealers have laundered billions of pounds worth of dirty money purchasing British properties through anonymous offshore companies, Scotland Yard investigators suspect.

04.03.2015 10:19

'Not the time for business as usual with Russia' – US presses EU
A US State Department deputy spokesperson urged European partners to restrain from doing business with Russia because of the developments in Ukraine. The US statement comes in response to new agreements recently signed between Russia and Cyprus.

03.03.2015 11:20