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Russian economy

Rosneft says its can weather $30 oil
Plunging oil prices, even as low as $30 per barrel, won’t offset the world’s largest-listed oil company, Rosneft’s investment and development plans, according to the company’s VP.

27.01.2015 14:51

Russian ruble recovers after S&P downgrade
The ruble has made a 2.5 percent comeback after losing more than 5 percent after S&P downgraded Russia’s sovereign credit rating to ‘junk’ status.

27.01.2015 12:38

S&P downgrades Russia's credit rating to junk
US-based credit rating agency Standard & Poor’s has cut Russia’s sovereign rating to BB+, leaving it below investment grade for the first time in a decade. Moscow termed the decision "overly pessimistic."

26.01.2015 18:30

PayPal, Google join Apple in Crimea exodus
The newest part of the Russian Federation, the Crimea peninsula is now cut off from PayPal and Google products and services, as sanctions forbid US companies from providing services to the region.

23.01.2015 13:26

Russian Central Bank voids Standard & Poor’s, Moody’s, Fitch ratings
The Central Bank of Russia will no longer use credit ratings from Standard & Poor’s, Fitch, or Moody’s that were assigned after March 1, 2014.

19.01.2015 12:01

Support for Russian ruble ‘working’ – IMF
The ruble’s rollercoaster path may be finally heading toward stability, according to the International Monetary Fund head of mission Bikas Joshi. The analyst applauds the government actions taken to quell the ruble’s sharp volatility.

16.01.2015 14:24

Gazprom announces final nail in the South Stream coffin
Europe will have to get gas via Turkey or Ukraine, there will be no direct transcontinental pipeline to Europe, Gazprom has confirmed. It is disappointing news for Bulgaria, which was hoping to get gas directly from Russia, and not via Ukraine.

14.01.2015 13:48

Russia's oil and gas economy 'exhausted' - Medvedev
Russia needs to reinvent its economic engine, as the current model doesn’t offer appropriate sustainable growth or incentives, Russian Prime Minister Dmitry Medvedev has said. Russia’s GDP does not match its capacity or ambition he added.

14.01.2015 11:27

MasterCard to process payments through Russia's localized system
MasterCard will process payments across Russia through the country’s new National Payment System, as Russia is stepping up efforts to make its financial network more independent from the West.

12.01.2015 19:22

​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

Russian ruble feels the sting after Brent falls to $50
The Russian ruble is gloomy on oil prices, after both the US and EU oil benchmarks dipped below $50 per barrel, dropping to 64 per USD$1 in Wednesday trading.

07.01.2015 15:16

Ruble loses 5 percent as oil rout worsens
The Russian ruble lost 5 percent on Tuesday on the second day of post-holiday trading on the Moscow Stock Exchange. Sliding oil prices, which dropped below $50 per barrel on Monday, continue to weigh on the currency.

06.01.2015 16:14