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Russia and the global economy

​No chance of state default in Russia – Deputy PM
There is no chance of a default on a state level in Russia, Russian Deputy Prime Minister Arkady Dvorkovich told RT at World Economic Forum in Switzerland, adding that the government will fulfill its obligations.

22.01.2015 08:00

Davos participants not interested in higher oil price – ex-Russian finance minister
The Davos forum participants are mostly oil importing countries and aren’t interested in interfering with OPEC’s policy, since they receive billions in benefits from falling oil prices, ex-Russian finance minister Aleksey Kudrin told RT.

21.01.2015 08:36

Biggest oil rig ever: 200k-ton Sakhalin giant begins production
The world’s biggest oil platform has begun commercial production at the Sakhalin-1 offshore project in Russia’s Far East. The Berkut oil rig is expected to extract 4.5 million tons of oil annually.

20.01.2015 09:24

​'Davos people – source of economic problems, not a solution'
The Davos meeting is not looking for world crisis solutions but plotting more controls, ‘banksterism’ and power elite benefits, says economic journalist Lew Rockwell. They are going to tax and rip off their own people to even greater extent, he added.

20.01.2015 11:11

Schlumberger buys $1.7bn stake in Russia’s biggest driller
Despite sanctions, Schlumberger Ltd, the world’s largest oilfield services company, will acquire a 45.65 percent stake in the Russian Eurasia Drilling Company for approximately $1.7 billion.

20.01.2015 09:53

Chinese and West to 'invest heavily' in Russia, despite challenges – Gaidar Forum
The risky Russian market is driving out many, but the investors ready to tough it out believe they’ll reap big benefits, as the downturn is cyclical. RT spoke with several participants at this year's Gaidar Forum, one of Russia's big economic conferences.

15.01.2015 15:02

​Russia needs sharper action to avoid ‘junk’ downgrade – former finance minister
The Russian government and Central Bank of Russia (CBR) should take more concrete measures to avoid another debt downgrade by international rating agencies, which risks dragging the country into ‘junk’ status, says former finance minister Aleksey Kudrin.

14.01.2015 14:17

​Russian politicians and bankers think oil will reach $60-$80 in 2015
An average oil price in 2015 will probably be in the range of $60 to $80 a barrel, say leading Russian politicians and bankers talking at the Gaidar Economic Forum in Moscow.

14.01.2015 09:35

Low oil prices create ‘window of opportunity’ for China and India - World Bank
Oil importing countries like China, India, Brazil, Turkey, Indonesia and South Africa will be the big winners as oil prices continue to weaken in 2015, the World Bank says in a report.

13.01.2015 15:04

Armenians in Russia get equal labor rights after joining Moscow-led economic block
Armenian citizens working in Russia are to be given equal labor rights and social security as Russians following Armenia becoming a full member of the Eurasian Economic Union (EEU) earlier this month, the Russian government has said.

13.01.2015 11:50

​Fitch downgrades Russia’s credit rating to 1 notch above junk level
The international ratings agency has knocked Russia’s credit rating down a peg, while warning that ‘growth may not return until 2017,’ as the national economy struggles amid sanctions and tumbling oil prices.

10.01.2015 09:07

‘France wants to mend ties with Russia, asking for ‘progress’ on Ukraine to save face’
France intends to take a lead in de-escalating the confrontation with Russia as a face-saving measure while the EU is facing big economic challenges, John Laughland, Director of studies at the Institute of Democracy and Cooperation in Paris, told RT.

05.01.2015 16:09