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Russian economy

HSBC: Russia enters technical recession, as Ukraine’s drag weighs
Russia has slipped into a technical recession, as the growth has been negative for the past two consecutive quarters, and stagflation could be on the horizon, a new HSBC report reveals. Political tension in neighboring Ukraine is being blamed.

03.07.2014 10:34

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

Russian CEO mocks Australia for new round of sanctions, says 'pity not to see kangaroos'
The new wave of sanctions from ‘Down Under’ targets 50 people and 11 companies. Russia responded by calling the move “counterproductive” and blacklisted Vladimir Yakunin, head of Russian Railways, said it's a pity he won't see the kangaroos in the wild.

19.06.2014 11:23

Wiggle Room: Russia gives Ukraine extra week before switching to prepayment system
Gazprom will wait another seven days before it switches Kiev to a prepayment system for natural gas. Ukraine has until June 9 to pay its multibillion dollar overdue gas bill, Gazprom head Aleksey Miller said Monday.

02.06.2014 12:57

​Russia launches ‘safe search’ Sputnik to rival Yandex, Google
Russian state-owned telecoms company Rostelecom has launched a trial version of its Sputnik search engine offering approved links and information helpful to everyday life, such as buying the cheapest medicine or applying for a passport.

22.05.2014 14:33

Gazprom to sign monumental gas deal with China
Russia and China are due to sign a long-awaited gas contract on Tuesday, in which Beijing could pay up to $456 billion for Russian gas over the next 30 years.

19.05.2014 07:43

Russia’s third largest bank moves money from Europe to Moscow for safe keeping
Gazprombank transferred client funds from Belgium and Luxembourg back to home turf, to protect against any future sanctions.

13.05.2014 06:54

​Russia’s ‘civilized’ offshore? Moscow allocates $1.5 bn for Crimea
$1.5 billion (55.4 bln rubles) has been allocated by Moscow to the Russian republic of Crimea and Sevastopol to balance its budget in 2014. But what is on Moscow’s mind regarding the peninsula?

11.05.2014 10:43

Russia to demand advanced payment for gas supplies to Ukraine from June
Gazprom says Kiev has failed to pay its mounting gas bill, which now has hit $3.5 billion. This means that in June Ukraine will receive Russian gas only on the condition of advanced payment.

07.05.2014 07:21

‘Russia in recession’ – IMF
​Russia is experiencing recession, and the 2014 growth forecast has been cut to 0.2 percent from 1.3 percent, the International Monetary Fund mission chief to Moscow said on Wednesday.

30.04.2014 08:37

US sanctions won't undermine Russian economy
The third round of US sanctions do not heavily target Russia's key industries, but include asset freezes against 17 companies and 7 individuals, including Rosneft CEO Igor Sechin.

28.04.2014 08:59

Ukraine strikes 3.2 bcm reverse gas flow deal with Slovakia
​Energy-pinched Ukraine has reached a deal to start reverse gas flows from Central European neighbors via an unused pipeline to Slovakia. Starting from October, Ukraine will import 3.2 billion cubic meters of gas.

28.04.2014 07:14

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